Ruger Acquires Marlin Firearms
Sturm, Ruger and Company’s $30 million offer to purchase Marlin Firearms was accepted by Remington Outdoor Company and approved by a bankruptcy court in Alabama. As of October 2020, Ruger now owns Marlin. "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..." The transaction is exclusively for Marlin Firearms assets. Remington guns and ammunition, and any facilities and real estate, are excluded from the Ruger purchase. Ruger will soon begin the process of relocating Marlin assets (designs, machinery, stock materials, etc.) to existing Ruger manufacturing facilities. I have spoken with several sources in the firearms industry, and [...]