Remington Outdoor Company (ROC) was an American

firearms manufacturer The following list of modern armament manufacturers presents major companies producing modern weapons and munitions for military, paramilitary, government agency and civilian use. The companies are listed by their full name followed by the short ...

and

holding company A holding company is a company whose primary business is holding a controlling interest in the securities of other companies. A holding company usually does not produce goods or services itself. Its purpose is to own shares of other companies ...

. The company had notable brands under its umbrella, such as Bushmaster, DPMS,

Remington Remington may refer to: Organizations * Remington Arms, American firearms manufacturer * Remington Rand, American computer manufacturer * Remington Products, American manufacturer of shavers and haircare products * Remington College, American c ...

and

Marlin Marlins are fish from the family Istiophoridae, which includes about 10 species. A marlin has an elongated body, a spear-like snout or bill, and a long, rigid dorsal fin which extends forward to form a crest. Its common name is thought to deri ...

History

On August 15, 2017, James Marcotuli announced his resignation as CEO, citing personal reasons. On October 25, the company announced that Anthony Acitelli would succeed Marcotuli. The families of nine victims and a teacher who was shot and survived in the Sandy Hook shooting, in which 20 children and six adult staff were fatally shot, filed a wrongful death lawsuit against Remington, a firearms wholesaler, and a firearms dealer, seeking a jury trial to recover unspecified damages. In 2016 the suit was dismissed by the

Connecticut Superior Court The Connecticut Superior Court is the state trial court of general jurisdiction. It hears all matters other than those of original jurisdiction of the Probate Court, and hears appeals from the Probate Court. The Superior Court has 13 judicial distr ...

citing the immunity provided to firearms manufacturers by the federal

Protection of Lawful Commerce in Arms Act The Protection of Lawful Commerce in Arms Act (PLCAA) is a U.S law, passed in 2005, that protects firearms manufacturers and dealers from being held liable when crimes have been committed with their products. Both arms manufacturers and dealers ...

of 2005. The suit was delayed by Remington's 2018 bankruptcy. On March 14, 2019 the

Connecticut Supreme Court The Connecticut Supreme Court, formerly known as the Connecticut Supreme Court of Errors, is the highest court in the U.S. state of Connecticut. It consists of a Chief Justice and six Associate Justices. The seven justices sit in Hartford, ac ...

ruled that the suit's wrongful marketing claim could proceed under Connecticut's Unfair Trade Practices Law. The Connecticut Supreme Court decision was "a significant development in the long-running battle between gun control advocates and the gun lobby" according to ''

The New York Times ''The New York Times'' (''the Times'', ''NYT'', or the Gray Lady) is a daily newspaper based in New York City with a worldwide readership reported in 2020 to comprise a declining 840,000 paid print subscribers, and a growing 6 million paid d ...

'' and "groundbreaking" according to ''

The Washington Post ''The Washington Post'' (also known as the ''Post'' and, informally, ''WaPo'') is an American daily newspaper published in Washington, D.C. It is the most widely circulated newspaper within the Washington metropolitan area and has a large nati ...

''. Remington filed for Chapter 11 bankruptcy protection in March 2018, having accumulated over $950 million in debt. Remington exited bankruptcy in May, less than two months after filing for protection under Ch. 11 laws. Remington's quick exit from bankruptcy was due to a pre-approved restructuring plan that was supported by 97% of its creditors. On 28 July 2020, it filed again for Chapter 11 bankruptcy protection. In the bankruptcy auction in September 2020 Remington was sold in parts to: *

Vista Outdoor Vista Outdoor Inc. is an American designer, manufacturer, and marketer of outdoor sports and recreation products. It operates in two markets: shooting sports and outdoor products. It is a "house of brands" with more than 40 labels and subsidiaries ...

: the Lonoke ammunition business and certain intellectual property. * Roundhill Group: the non-Marlin firearms business *

Sierra Bullets Founded in 1947 in California, Sierra Bullets is an American manufacturer of bullets intended for firearms. Based in Sedalia, Missouri since 1990, Sierra manufactures a very wide range of bullets for both rifles and pistols. Sierra bullets are u ...

: the Barnes ammunition business * Sturm, Ruger & Co.: the

firearms business * JJE Capital Holdings: the DPMS, H&R, Stormlake, AAC and Parker brands * Franklin Armory: the Bushmaster brand and some related assets * Sportsman's Warehouse: the Tapco brands * Dakota Arms: Parkwest Arms

References

External links

* {{Freedom Group Remington Arms American companies established in 2007 American companies disestablished in 2020 Firearm manufacturers of the United States Cerberus Capital Management companies Manufacturing companies based in North Carolina Private equity portfolio companies Manufacturing companies established in 2007 Manufacturing companies disestablished in 2020 2007 establishments in North Carolina Rockingham County, North Carolina Companies that filed for Chapter 11 bankruptcy in 2020

History

References

Further reading

External links