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Shooting & Reloading - Mausers, Big Bores and others >> Rifles

Caprivi
.375 member

Reged: 30/09/08
Posts: 811
Loc: America's Serengeti, Buffalo W...

Re: Remington Acquires Dakota Arms
10/06/09 02:02 PM

Indeed Der Jeager and I spoke of this sad situation. It is not exactly correct in what the media is originally stated. Remington didn't buy anything. Remington is broke. There parent company, Cerbrus, has bought Dakota. I live down the street (in western terms) from Dakota and have a few contacts/friends in the business. Rumor has it that they bought it for 1.5million in cash and assume all debt. Perfect for a killing.

Cerebrus Capital owns soley or partially;
Chrysler Corp.
GMAC
United Rentals
Talecris Pharm.
NewPage
BlueLinx
NetCo Foods
National Car
Alamo Car
BlueBird Bus
Remington
Bushmaster
DPMS
Marlin
H&R 1871
....................blah, blah, blah BLAH..............

Any of those company names sound like ones that have been in the news lately, maybe having some finacial trouble, real or imagined ?????

Back to the rumor mill, Bruce Engel is a major participant in the company. He was at one time a Timber Tycoon from the rainy Horthwest and bought a little struggling company called Kimber of Oregon. He bought it for pennies and assumed the debt......sound similar.........then amassed a very large chuck of corp. debt on the Kimber name, then flushed them in Bankruptcy court. Happens all the time.

As for Remington's, there is not one in my home, nor will there be. I have more than a few Weatherby's thou.

--------------------
To live life as it is handed to me from God

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Subject	Posted by	Posted on
Remington Acquires Dakota Arms	Yochanan	09/06/09 02:25 AM
Re: Remington Acquires Dakota Arms	SharpsNitro	09/06/09 07:38 AM
Re: Remington Acquires Dakota Arms	Der_Jaeger	09/06/09 03:52 AM
Re: Remington Acquires Dakota Arms	Ripp	09/06/09 12:13 PM
Re: Remington Acquires Dakota Arms	Der_Jaeger	09/06/09 08:58 PM
Re: Remington Acquires Dakota Arms	crkennedy1	09/06/09 02:51 PM
Re: Remington Acquires Dakota Arms	500Nitro	09/06/09 02:53 PM
Re: Remington Acquires Dakota Arms	crkennedy1	09/06/09 03:32 PM
Re: Remington Acquires Dakota Arms	Der_Jaeger	09/06/09 09:03 PM
Re: Remington Acquires Dakota Arms	9.3x57	09/06/09 11:16 PM
Re: Remington Acquires Dakota Arms	SharpsNitro	10/06/09 01:16 AM
Re: Remington Acquires Dakota Arms	Ripp	10/06/09 10:57 PM
Re: Remington Acquires Dakota Arms	SharpsNitro	11/06/09 12:42 AM
Re: Remington Acquires Dakota Arms	500Nitro	11/06/09 02:16 AM
Re: Remington Acquires Dakota Arms	500Boswell	11/06/09 09:18 AM
Re: Remington Acquires Dakota Arms	9.3x57	11/06/09 11:07 AM
Re: Remington Acquires Dakota Arms	Ripp	11/06/09 01:05 PM
Re: Remington Acquires Dakota Arms	Homer	11/06/09 06:38 PM
Re: Remington Acquires Dakota Arms	Peterb	07/07/09 02:12 PM
Re: Remington Acquires Dakota Arms	Ripp	08/07/09 04:23 AM
Re: Remington Acquires Dakota Arms	Peterb	08/07/09 10:19 AM
Re: Remington Acquires Dakota Arms	bwananelson	11/06/09 11:00 AM
Re: Remington Acquires Dakota Arms	9.3x57	10/06/09 11:16 PM
Re: Remington Acquires Dakota Arms	Ripp	11/06/09 12:24 AM
Re: Remington Acquires Dakota Arms	9.3x57	10/06/09 01:36 AM
Re: Remington Acquires Dakota Arms	500Nitro	10/06/09 02:08 AM
Re: Remington Acquires Dakota Arms	9.3x57	10/06/09 09:17 AM
Re: Remington Acquires Dakota Arms	500Nitro	10/06/09 09:19 AM
Re: Remington Acquires Dakota Arms	Caprivi	10/06/09 02:02 PM
Re: Remington Acquires Dakota Arms	500Nitro	09/06/09 03:53 PM
Re: Remington Acquires Dakota Arms	Ripp	09/06/09 11:14 PM

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