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longbowman2

04-11-2007 08:26 AM

Remington has been sold?

I heard that Remington has been sold to an overseas company. Is this correct?

MinnFinn

04-11-2007 07:33 PM

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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