Here’s A Warning For Ruger
Now Remington’s guns and ammunition businesses has been sold off to various bidders:
- Ruger got the Marlin firearms business.
- Vista Outdoor paid $81 million for the Remington brand ammunition business.
- Sportsman’s Warehouse purchased the Tapco parts and accessories business.
- Sierra Bullets bought the Barnes ammo business for $30 million.
- JJE Capital Holdings, which placed a $65 million stalking horse bid for Remington to kick off the auction process, acquired various firearms and accessories manufacturers.
- Investment company Roundhill Group acquired the historic Remington brand of guns, for $13 million.
- Franklin Armory bought the Bushmaster brand.
Altogether, the auction process raised over $150 million for the various pieces, and now that they are in the hands of better financed companies, the brands can grow once again.
Ruger will be moving the manufacturing of the Marlin firearms business to its own facility. “The value of Marlin and its 150-year legacy was too great of an opportunity for us to pass up,” said Ruger President and CEO Chris Killoy. “The brand aligns perfectly with ours and the Marlin product portfolio will help us widen our already diverse product offerings.”
Ruger will be moving the manufacturing of the Marlin firearms business to its own facility.
What does that mean? Connecticut, Arizona or North Carolina?
You’d better stay away from union (collective bargaining) states and move South into right-to-work states like North Carolina. And you’d better stay away from states (like Connecticut) where they want to see your industry perish.
Can you grok that, Ruger?
You’ll be sorry if you don’t.
