Remington To Sell Ammo Business, Including Core-Lokt and Barnes Bullets
I have been getting many inquiries about the future of Remington and I’ll keep you posted best I can.—M.H. In July 2020, Remington filed for Chapter 11 bankruptcy protection, and since then the company has been looking to sell off its various brands, including Remington firearms, Marlin and Barnes Bullets. The Wall Street Journal reports: Firearms maker Remington Outdoor Co. has agreed to sell its ammunition business out of bankruptcy to South Carolina-based investment firm JJE Capital Holdings LLC for $65 million plus the assumption of liabilities, subject to better offers. The JJE offer came in the form of a stalking-horse bid, setting a floor on the sale price for Remington’s ammunition business, which the company has been marketing while in [...]