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Old 04-11-2007, 07:33 PM
  #2  
MinnFinn
Nontypical Buck
 
Join Date: Feb 2003
Location: MN USA
Posts: 1,392
Default RE: Remington has been sold?

Yep... to an "investment group"...
"acquired by private-equity firm Cerberus Capital Management LP in a $370 million deal."
http://www.uticaod.com/apps/pbcs.dll/article?AID=/20070406/NEWS/704060328/1009/NEWS02

So they know anything about manufacturing firearms? I doubt it.
Companies like this generally are only interested in2 things, the bottom line and selling their investments for more than they paid for them. It's too bad.

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