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500Nitro
.450 member

Reged: 06/01/03
Posts: 7244
Loc: Victoria, Australia

Re: Was Remington sold????
19/08/07 02:51 PM

I believe yes, Remington was sold.

Not sure to whom but someone else
saw an article on it.

Google probably the best bet.

Maybe now ther will get something
or the new products right !

GOOGLE TURNED UP THIS AS 1ST HIT

Remington sold

Remington Arms Co has agreed to be sold to Cerberus Capital Management LP, of New York, a private-equity firm, according to Bloomberg News. The transaction terms include $118 million in cash and assumption of $252 million of debt.
The Remington Arms gun plant in Ilion, New York, has operated powder metallurgy parts and metal injection moulding (MIM) parts production lines for many years.
Remington was sold by private-equity firms Bruckmann, Rosser, Sherrill & Co. and Clayton Dubilier & Rice Co. Clayton Dubilier purchased Remington’s assets from DuPont in 1993 for $300 million. In 2006 Remington earned $300,000 on sales of $446 million. The transaction is scheduled for completion by June 28, 2007.

Edited by 500Nitro (19/08/07 02:52 PM)

Post Extras

Entire topic
Subject	Posted by	Posted on
Was Remington sold????	Shackleton	19/08/07 02:48 PM
Re: Was Remington sold????	Ripp	21/08/07 01:07 AM
Re: Was Remington sold????	500Nitro	19/08/07 02:51 PM
Re: Was Remington sold????	9.3x57	19/08/07 10:38 PM
Re: Was Remington sold????	Plains99	20/08/07 11:33 PM
Re: Was Remington sold????	500Nitro	21/08/07 03:11 AM
Re: Was Remington sold????	bonanza	21/08/07 10:54 AM
Re: Was Remington sold????	Ripp	21/08/07 11:56 AM
Re: Was Remington sold????	500Nitro	21/08/07 12:48 PM
Re: Was Remington sold????	taw1126	21/08/07 01:42 PM
Re: Was Remington sold????	500Nitro	21/08/07 02:19 PM
Re: Was Remington sold????	ALAN_MCKENZIE	21/08/07 09:28 PM
Re: Was Remington sold????	9.3x57	21/08/07 11:10 PM
Re: Was Remington sold????	Ripp	22/08/07 10:21 AM
Re: Was Remington sold????	9.3x57	22/08/07 10:36 AM
Re: Was Remington sold????	Plains99	28/08/07 07:32 AM
Re: Was Remington sold????	bonanza	28/08/07 09:09 AM
Re: Was Remington sold????	taw1126	29/08/07 02:19 PM
Re: Was Remington sold????	500Nitro	22/08/07 03:42 AM

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