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Remington has been sold?

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Remington has been sold?

Old 04-11-2007, 08:26 AM
  #1  
Fork Horn
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Join Date: Aug 2004
Posts: 169
Default Remington has been sold?

I heard that Remington has been sold to an overseas company. Is this correct?
longbowman2 is offline  
Old 04-11-2007, 07:33 PM
  #2  
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.

MinnFinn is offline  
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