Who Really Owns Remington Arms Co.?
Who Owns Remington Arms Co? Remington Arms Company, LLC is currently owned by the Franklin Outdoors consortium, a group of investors led by Cerberus Capital Management
Remington Arms Company, LLC is an American manufacturer of firearms, ammunition, and accessories. The company was founded in 1816 by Eliphalet Remington in Ilion, New York. Remington is one of the oldest and largest firearms manufacturers in the United States.
In 2020, Remington filed for Chapter 11 bankruptcy protection. The company was sold to the Franklin Outdoors consortium in 2021.
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The Franklin Outdoors consortium is a group of investors led by Cerberus Capital Management. Cerberus is a private equity firm that specializes in distressed assets. The consortium also includes Franklin Armory, a manufacturer of firearms and accessories.
The sale of Remington to the Franklin Outdoors consortium was completed in 2021. The company is now headquartered in Madison, North Carolina.
Who Owns Remington Arms Co
Remington Arms Company, LLC is currently owned by the Franklin Outdoors consortium, a group of investors led by Cerberus Capital Management.
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- Company: Remington Arms Company, LLC
- Owner: Franklin Outdoors consortium
- Headquarters: Madison, North Carolina
- Industry: Firearms manufacturing
- Founded: 1816
- Products: Firearms, ammunition, and accessories
- Revenue: $863 million (2021)
- Employees: 1,200
The Franklin Outdoors consortium is a group of investors led by Cerberus Capital Management. Cerberus is a private equity firm that specializes in distressed assets. The consortium also includes Franklin Armory, a manufacturer of firearms and accessories.
The sale of Remington to the Franklin Outdoors consortium was completed in 2021. The company is now headquartered in Madison, North Carolina.
1. Company
Remington Arms Company, LLC is a privately held American manufacturer of firearms, ammunition, and accessories. The company was founded in 1816 by Eliphalet Remington in Ilion, New York. Remington is one of the oldest and largest firearms manufacturers in the United States.
The connection between "Company: Remington Arms Company, LLC" and "who owns remington arms co" is that Remington Arms Company, LLC is the company that is owned by the Franklin Outdoors consortium. The Franklin Outdoors consortium is a group of investors led by Cerberus Capital Management. Cerberus is a private equity firm that specializes in distressed assets. The consortium also includes Franklin Armory, a manufacturer of firearms and accessories.
The sale of Remington to the Franklin Outdoors consortium was completed in 2021. The company is now headquartered in Madison, North Carolina.
The ownership of Remington Arms Company, LLC is important because it determines who controls the company and its assets. The Franklin Outdoors consortium is a group of investors with a track record of success in the firearms industry. The consortium is likely to invest in Remington and help the company to grow and prosper.
2. Owner
The Franklin Outdoors consortium is a group of investors led by Cerberus Capital Management. Cerberus is a private equity firm that specializes in distressed assets. The consortium also includes Franklin Armory, a manufacturer of firearms and accessories.
The connection between "Owner: Franklin Outdoors consortium" and "who owns remington arms co" is that the Franklin Outdoors consortium is the owner of Remington Arms Company, LLC. Remington Arms Company, LLC is a privately held American manufacturer of firearms, ammunition, and accessories.
The Franklin Outdoors consortium acquired Remington Arms Company, LLC in 2021. The consortium is likely to invest in Remington and help the company to grow and prosper.
The ownership of Remington Arms Company, LLC by the Franklin Outdoors consortium is important because it determines who controls the company and its assets. The Franklin Outdoors consortium is a group of investors with a track record of success in the firearms industry.
3. Headquarters
The connection between "Headquarters: Madison, North Carolina" and "who owns remington arms co" is that the headquarters of Remington Arms Company, LLC is located in Madison, North Carolina. Remington Arms Company, LLC is a privately held American manufacturer of firearms, ammunition, and accessories.
The location of the headquarters is important because it determines where the company's main offices are located. The headquarters is also often the location of the company's research and development facilities.
Remington Arms Company, LLC moved its headquarters to Madison, North Carolina in 2021. The move was part of the company's efforts to consolidate its operations and reduce costs.
The headquarters of Remington Arms Company, LLC is a key part of the company's operations. The headquarters is where the company's executives and managers are based. The headquarters is also where the company's research and development facilities are located.The location of the headquarters is also important for the local economy. The headquarters is a major employer in Madison, North Carolina. The headquarters also generates tax revenue for the local government.
Overall, the headquarters of Remington Arms Company, LLC is a key part of the company's operations and the local economy.4. Industry
The connection between "Industry: Firearms manufacturing" and "who owns remington arms co" is that Remington Arms Company, LLC is a firearms manufacturer. The company manufactures a wide range of firearms, including rifles, shotguns, and pistols. Remington Arms Company, LLC is one of the oldest and largest firearms manufacturers in the United States.
Firearms manufacturing is a complex and highly regulated industry. Firearms manufacturers must comply with a variety of federal and state laws. These laws regulate the design, manufacture, sale, and use of firearms.
Remington Arms Company, LLC has a long history of firearms manufacturing. The company was founded in 1816 by Eliphalet Remington. Remington Arms Company, LLC has been a major supplier of firearms to the U.S. military and law enforcement agencies.
The ownership of Remington Arms Company, LLC by the Franklin Outdoors consortium is significant because it brings together two companies with a long history in the firearms industry. The Franklin Outdoors consortium is a group of investors led by Cerberus Capital Management. Cerberus is a private equity firm that specializes in distressed assets. The consortium also includes Franklin Armory, a manufacturer of firearms and accessories.
The Franklin Outdoors consortium is likely to invest in Remington Arms Company, LLC and help the company to grow and prosper. The consortium has a track record of success in the firearms industry. The consortium is also likely to benefit from Remington Arms Company, LLC's long history and reputation.
Overall, the connection between "Industry: Firearms manufacturing" and "who owns remington arms co" is significant. The ownership of Remington Arms Company, LLC by the Franklin Outdoors consortium is likely to have a positive impact on the company and the firearms industry as a whole.
5. Founded
The connection between "Founded: 1816" and "who owns Remington Arms Co" lies in the company's long and storied history. Remington Arms Co was founded in 1816 by Eliphalet Remington, making it one of the oldest firearms manufacturers in the United States. The company's rich history has shaped its identity and reputation, which are key factors in its current ownership structure.
The company's founder, Eliphalet Remington, was a skilled gunsmith who developed innovative firearms designs. His early success laid the foundation for the company's growth and established its reputation for quality and reliability. Over the years, Remington Arms Co has continued to innovate and expand its product line, becoming a leading manufacturer of firearms for hunting, sport shooting, and self-defense.
The company's long history has also given it a strong brand recognition and customer loyalty. Remington Arms Co firearms are known for their quality, durability, and accuracy. This reputation has made the company attractive to investors, including the Franklin Outdoors consortium, which acquired Remington Arms Co in 2021.
The Franklin Outdoors consortium is a group of investors led by Cerberus Capital Management. Cerberus is a private equity firm that specializes in distressed assets. The consortium also includes Franklin Armory, a manufacturer of firearms and accessories. The Franklin Outdoors consortium is likely to invest in Remington Arms Co and help the company to grow and prosper. The consortium has a track record of success in the firearms industry and is likely to benefit from Remington Arms Co's long history and reputation.
Overall, the connection between "Founded: 1816" and "who owns Remington Arms Co" is significant. The company's long history and reputation are key factors in its current ownership structure and its continued success in the firearms industry.
6. Products
The connection between "Products: Firearms, ammunition, and accessories" and "who owns Remington Arms Co" lies in the nature of the company's business. Remington Arms Co is a manufacturer of firearms, ammunition, and accessories. These products are the core of the company's operations and are key to its financial success.
- Firearms
Remington Arms Co manufactures a wide range of firearms, including rifles, shotguns, and pistols. These firearms are used for hunting, sport shooting, and self-defense. Remington Arms Co is known for its high-quality firearms, which are popular with consumers and law enforcement agencies.
- Ammunition
In addition to firearms, Remington Arms Co also manufactures ammunition. This ammunition is designed to be used in Remington firearms, as well as other firearms. Remington Arms Co ammunition is known for its reliability and accuracy.
- Accessories
Remington Arms Co also manufactures a variety of accessories for firearms. These accessories include scopes, mounts, slings, and cases. Remington Arms Co accessories are designed to enhance the performance and usability of firearms.
The ownership of Remington Arms Co by the Franklin Outdoors consortium is significant because it brings together two companies with a long history in the firearms industry. The Franklin Outdoors consortium is a group of investors led by Cerberus Capital Management. Cerberus is a private equity firm that specializes in distressed assets. The consortium also includes Franklin Armory, a manufacturer of firearms and accessories.
The Franklin Outdoors consortium is likely to invest in Remington Arms Co and help the company to grow and prosper. The consortium has a track record of success in the firearms industry. The consortium is also likely to benefit from Remington Arms Co's long history and reputation.
Overall, the connection between "Products: Firearms, ammunition, and accessories" and "who owns Remington Arms Co" is significant. The products that Remington Arms Co manufactures are key to the company's success. The ownership of Remington Arms Co by the Franklin Outdoors consortium is likely to have a positive impact on the company and the firearms industry as a whole.
7. Revenue
The revenue generated by Remington Arms Co is a key indicator of the company's financial performance and overall health. In 2021, Remington Arms Co reported revenue of $863 million. This revenue is generated through the sale of firearms, ammunition, and accessories to consumers, law enforcement agencies, and military organizations.
- Sales to Consumers
Remington Arms Co sells its products to consumers through a variety of channels, including retail stores, online retailers, and gun shows. The company's firearms are popular with hunters, sport shooters, and self-defense enthusiasts.
- Sales to Law Enforcement Agencies
Remington Arms Co also sells its products to law enforcement agencies. The company's firearms are used by police departments, sheriff's offices, and other law enforcement agencies across the United States.
- Sales to Military Organizations
Remington Arms Co has a long history of supplying firearms to the U.S. military. The company's firearms have been used in a variety of conflicts, including the Civil War, World War I, World War II, and the Vietnam War.
- Product Diversification
Remington Arms Co's revenue is not solely dependent on the sale of firearms. The company also manufactures and sells ammunition and accessories. This product diversification helps to reduce the company's risk and provides a more stable revenue stream.
The revenue generated by Remington Arms Co is used to fund the company's operations, invest in new product development, and pay dividends to shareholders. The ownership of Remington Arms Co by the Franklin Outdoors consortium is significant because it provides the company with access to capital and resources. The Franklin Outdoors consortium is a group of investors led by Cerberus Capital Management. Cerberus is a private equity firm that specializes in distressed assets. The consortium also includes Franklin Armory, a manufacturer of firearms and accessories.
Overall, the revenue generated by Remington Arms Co is a key indicator of the company's financial performance and overall health. The ownership of Remington Arms Co by the Franklin Outdoors consortium is likely to have a positive impact on the company's revenue and profitability.
8. Employees
The number of employees at Remington Arms Co, which currently stands at 1,200, is a significant aspect of the company's operations and overall success. Employees are essential to any organization as they contribute their skills, knowledge, and efforts to achieve the company's goals and objectives.
Remington Arms Co's employees play a vital role in various departments and functions within the company. They are involved in the design, manufacturing, marketing, sales, and distribution of firearms, ammunition, and accessories. The company's skilled workforce ensures that its products meet high standards of quality and reliability.
The ownership of Remington Arms Co by the Franklin Outdoors consortium is likely to impact the company's employees in several ways. The Franklin Outdoors consortium is a group of investors led by Cerberus Capital Management. Cerberus is a private equity firm that specializes in distressed assets. The consortium also includes Franklin Armory, a manufacturer of firearms and accessories.
One potential impact is that the new owners may invest in the company's workforce. This could include providing additional training and development opportunities for employees. Additionally, the new owners may explore ways to improve employee compensation and benefits.
Overall, the connection between "Employees: 1,200" and "who owns Remington Arms Co" is significant. The company's employees are essential to its operations and success. The ownership of Remington Arms Co by the Franklin Outdoors consortium is likely to have a positive impact on the company's employees.
FAQs about "Who Owns Remington Arms Co"
Here are some frequently asked questions (FAQs) about the ownership of Remington Arms Co:
Question 1: Who currently owns Remington Arms Co?
Remington Arms Co is currently owned by the Franklin Outdoors consortium.
Question 2: Who is the Franklin Outdoors consortium?
The Franklin Outdoors consortium is a group of investors led by Cerberus Capital Management. Cerberus is a private equity firm that specializes in distressed assets. The consortium also includes Franklin Armory, a manufacturer of firearms and accessories.
Question 3: Why was Remington Arms Co sold?
Remington Arms Co filed for Chapter 11 bankruptcy protection in 2020. The company was sold to the Franklin Outdoors consortium in 2021.
Question 4: What impact will the new ownership have on Remington Arms Co?
The new ownership is likely to invest in Remington Arms Co and help the company to grow and prosper. The consortium has a track record of success in the firearms industry and is likely to benefit from Remington Arms Co's long history and reputation.
Question 5: What is the future of Remington Arms Co?
Under the new ownership, Remington Arms Co is likely to continue to be a leading manufacturer of firearms, ammunition, and accessories. The company has a strong brand recognition and customer loyalty. The new ownership is likely to invest in the company's products and workforce, which will help to ensure the company's long-term success.
Summary: Remington Arms Co is currently owned by the Franklin Outdoors consortium. The new ownership is likely to have a positive impact on the company and the firearms industry as a whole.
Transition: For more information about Remington Arms Co, please visit the company's website.
Conclusion
The ownership of Remington Arms Co has changed hands several times over the years. The company is currently owned by the Franklin Outdoors consortium, a group of investors led by Cerberus Capital Management. Cerberus is a private equity firm that specializes in distressed assets. The consortium also includes Franklin Armory, a manufacturer of firearms and accessories.
The sale of Remington Arms Co to the Franklin Outdoors consortium is significant because it brings together two companies with a long history in the firearms industry. Remington Arms Co is one of the oldest and largest firearms manufacturers in the United States. The Franklin Outdoors consortium has a track record of success in the firearms industry. The consortium is likely to invest in Remington Arms Co and help the company to grow and prosper.
The ownership of Remington Arms Co is important because it determines who controls the company and its assets. The Franklin Outdoors consortium is a group of investors with a long-term commitment to the firearms industry. The consortium is likely to provide Remington Arms Co with the resources and support it needs to succeed.
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