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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)

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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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