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Reminton to File for Bankruptcy
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Yes. They just recently opened up a plant near me in Huntsville Alabama. A deal with the city means if the plant closes Huntsville gets a huge "clawback" with regards a tax deal....unsure of specifics but it could cost Remington mucho dinero if chapter 11 doesn't protect them.
What a shame this is.
I have their R1 1911 model, which is a basic but pretty decent 1911 and I like it.
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8,486 Posts
Yeah, it sure is. It may have been worth it to keep Hillary out of the Oval office, but it makes for a rocky road for a lot of gun makers.
I still would take Trump over Hillary.......
Now if he would ONLY STOP TWEETING ALL OVER THE PLACE, things might get a tad smoother.....
I still would take Trump over Hillary.......
Now if he would ONLY STOP TWEETING ALL OVER THE PLACE, things might get a tad smoother.....
I always worry about gun companies due to politics. Large companies have to take the boon years and plan for the bust years...because THEY ARE COMING!!
Remington has had an especially rough road of late. The model 700 class action suit was very damaging (but mostly their own damn fault), the R51 debacle...well, as best I can tell...it's still ongoing. While MUCH more reliable, they're still not as reliable as the public is going to demand.
Then there was the purchase of Para Ord, a company greatly in decline at the time of purchase.
Remington shut down the PO brand, but PO seems to have greatly boosted the Remington branded 1911's. Rem's 1911 brand has greatly increased their offerings and they're offering guns that people want. Unfortunately, I think when you look at the numbers being sold right now, it's still quite a bit less than PO and Rem were selling before...But as best I can tell, the new ones are overall better guns...so all is not lost there.
Now couple that with generally declining sales of sporting arms, and the fact that Remington's quality has dropped on the model 700 rifles.
Remington has had an especially rough road of late. The model 700 class action suit was very damaging (but mostly their own damn fault), the R51 debacle...well, as best I can tell...it's still ongoing. While MUCH more reliable, they're still not as reliable as the public is going to demand.
Then there was the purchase of Para Ord, a company greatly in decline at the time of purchase.
Remington shut down the PO brand, but PO seems to have greatly boosted the Remington branded 1911's. Rem's 1911 brand has greatly increased their offerings and they're offering guns that people want. Unfortunately, I think when you look at the numbers being sold right now, it's still quite a bit less than PO and Rem were selling before...But as best I can tell, the new ones are overall better guns...so all is not lost there.
Now couple that with generally declining sales of sporting arms, and the fact that Remington's quality has dropped on the model 700 rifles.
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