Remington to buyout Marlin
 

Anyone seen this one yet?
Remington to Acquire Marlin Firearms[/align]
Deal positions Marlin and its various brands for growth[/align]December 26, 2007: 04:08 PM EST[/align]

MADISON, N.C., Dec. 26 /PRNewswire/ -- Remington Arms Company, Inc. ("Remington" or "the Company") the only manufacturer of both firearms and ammunition for Hunting, Law Enforcement/Security, Government & Military applications in the United States, today announced it has entered into a definitive agreement to acquire Marlin Firearms Company, Inc. ("Marlin"). The transaction is expected to close by the end of January 2008.
Marlin, headquartered in North Haven, Connecticut, also owns Harrington and Richardson (H&R), New England Firearms (NEF) and LC Smith brands of rifles and shotguns.
Tommy Millner Remington's CEO, said, "I am pleased to announce that Marlin's well known brands with a long heritage of providing quality rifles and shotguns to hunters and shooters around the world will join the Remington family. The opportunity to combine two historic U.S. based companies with such storied and proud histories, is both challenging and exhilarating."
"We look forward to working with Bob Behn, a well respected member of our industry. He will remain as president of Marlin, charting a course of further growth and operational improvement," Mr. Millner continued.
Closing of the transaction is subject to certain customary conditions, including regulatory approvals. Credit Suisse acted as financial advisor to Remington with respect to this acquisition. Duff & Phelps Securities, LLC, a unit of Duff & Phelps Corporation , initiated the transaction, assisted in the negotiations and acted as exclusive financial advisor to Marlin.
Frank Kenna III, Marlin's Chairman, said, "Marlin has been a family run business since 1924 and through a number of important steps, we have grown it into the company it is today. We knew it was time to find the right partner for Marlin to ensure our brands maintain their leadership positions and move into the next century."
Mr. Kenna III continued, "We believe Remington's commitment to the industry, shooters and hunters alike, combined with their resources from a manufacturing and sales and marketing position, will reinforce the confidence, hard work and dedication that our employees and management have put into our brands."
Marlin manufactures a wide range of long guns, from the historic Model 39 and 336 rifles, which are the oldest shoulder arm designs in the world still being produced, to the XLR Series, which are the most accurate lever action rifles in the world. Its lever action 22 repeater, now the Model 39, became the favorite of many exhibition shooters, including the great Annie Oakley.
E. Scott Blackwell, Remington's President of Global Sales/Marketing and Product Development, said, "The history of our two companies in innovation and meeting the needs of hunters and shooters around the globe, combined with the opportunity to further develop the Remington, Marlin, H&R, NEF and LC Smith brands, is not only beneficial to the Company and our channel partners, but especially to our end customer. It is these customers and our employees that have contributed to the success and longevity of these brands."
About Remington Arms Company, Inc.
Remington Arms Company, Inc., headquartered in Madison, N.C., designs, produces and sells sporting goods products for the hunting and shooting sports markets, as well as solutions to the military, government and law enforcement markets. Founded in 1816 in upstate New York, the Company is one of the nation's oldest continuously operating manufacturers. Remington is the only U.S. manufacturer of both firearms and ammunition products and one of the largest domestic producers of shotguns and rifles. The Company distributes its products throughout the U.S. and in over 55 foreign countries. More information about the Company can be found at www.remington.com.
About Marlin Firearms, Inc.
Established in 1870, The Marlin Firearms Company's brands include Marlin, Harrington & Richardson, New England Firearms and L. C. Smith. Under its various brands, Marlin produces an array of lever action, bolt action, and semi-automatic rifles, a wide variety of break-open single shot shotguns and rifles as well as muzzleloaders and combo sets. The company maintains a corporate Headquarters and manufacturing plant in North Haven, Connecticut as well as a manufacturing facility in Gardner, Massachusetts.
Forward-Looking Statements
This press release includes "forward-looking statements" within the meaning of federal securities laws. Forward-looking statements give the Company's current expectations or forecasts of future events. These forward looking statements include expectations regarding (i) the proposed acquisition, (ii) the anticipated benefits of the acquisition and (iii) the timing of the proposed acquisition. The Company cautions that these statements are qualified by important factors that could cause actual results to differ materially from those reflected by such forward-looking statements. Such factors include the demand for the Company's products, the Company's growth opportunities, and other risks detailed from time to time in the Company's reports filed with the SEC, including its Form 10-K Report for the fiscal year ended December 31, 2006.
The Company assumes no obligation to update publicly such forward-looking statements, whether as a result of new information, future events or otherwise.
Media Contact: Al Russo: (336) 548-8572



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RE: Remington to buyout Marlin
 

A fine conservatively run company like Marlin being bought out by a Gun Whore. Truly Sad I guess I have to buy some Marlin Levers before they start stamping Remington on them.

RE: Remington to buyout Marlin
 

That is terrible news. I'm going to buy my Guide gun this week. I might even pick up a 35 rem too.

Thanks for the information.

Tom

RE: Remington to buyout Marlin
 

Interesting....

RE: Remington to buyout Marlin
 

Man, I'm really bumming out about this. I own a number of Marlins but like Statjunk, I will probably pickup a few more Marlins this weekend. I don't have a 336 in .35 Rem, so I may try to find one, soon. I have a 1895G and love it. I know you will enjoy your new 45-70 Tom. I'm afraid when everyone finds out that Marlin is selling to Remington, the prices will skyrocket.

Goodluck
Fred

RE: Remington to buyout Marlin
 

First thing Remington did after they were bought last year was to raise their prices which I think are absolutely ridiculous right now. They will do the same with Marlin count on that , they are run by bean counters not gun people. Hopefully they will not dork their(Marlins) manufacturing process one bit. Look for old and new Marlins to take a jump in price. I better hold onto what I have and buy 1 or 2 more.

RE: Remington to buyout Marlin
 

Well I tracked a guide gun down and I'm going to buy it today at lunch. I don't want Remington getting thier dirty little paws on my gun.

Tom

RE: Remington to buyout Marlin
 

You'll have a pre-Remington Guide Gun;)

RE: Remington to buyout Marlin
 

Even though it is Remington that is "acquiring" Marlin, it is really the investment company that will be making the purchase.

Cerberus will now own:

Remington
Bushmaster
DPMS
Cobb
Marlin
H&R
NEF
L.C. Smith

They also are the owners of Chrysler/Dodge, I wonder if they will do a Panther edition of the Ram? LOL

RE: Remington to buyout Marlin
 

In the Old days it was called MONOPOLY . Remington can't buy squat they were 257 million in the hole. Now that takes some creative doing

RE: Remington to buyout Marlin
 

Beleive me, its not the way business aquisitions work. It would take years go the two to mix together to make an effect on the product. My company has been thru so many aquisitions, its not funny. Its not like on tv, where a company goes in and clears everyone out the first day, and moves in engineers from another company.

There were some on here, who thought the beretta buyout of sako would totally trash Sako's products and it didn't. Customer service of sako leaves alot to be desired, but thats it.

RE: Remington to buyout Marlin
 

I'm not taking any chances. But I know there is some of that. I'd bet they'll be casting parts any day now.

Tom

RE: Remington to buyout Marlin
 

They will be taking advantage of some of thier outsourcing partners to leverage price. I would like to see marlin pull out of yankee land myself. They have had some dogs of thier own over the years. Like the microgroove barrels. Those are first rate turds.

RE: Remington to buyout Marlin
 

[ol][*]Sako barrel blowups...Beretta wanted to up production on Sako barrels by adding sulphur in the forging process , Sako still gets stung with that.[*]Have you checked to see how much parts Beretta stocks for Sakos? I can tell you not much and they have really bumped them up in price.[*]Sako 85...funny how Tikka like that reciever is..ever wonder why?[*]Fit and finish on an 85 just look at a wood stockedone.[*]Are you basing it on our experience of owning a Stoeger imported rifle?[/ol]
Just give Beretta time and they will do them in . Customer service of Beretta and that culture is the problem..Your not talking to a Sako rep when you call Beretta are you? I'll bet the people in Finland are not too happy about how Beretta is handling it. Your wrong again on aquisitions the effect will happen in avery short time. Just look at the Chrysler layoffs for an example. They will consolidate all these firearm companies and weed out what sells and doesn't sell and jack the prices. Not so you say explain how a Remington 700 that sold in the 600+ range before Cerberus is now selling in the 800+ range?

RE: Remington to buyout Marlin
 

Well, I actually work in the mfg world and understand outsourcing and understand these things. You just read them. What are you and what do you do? An internet security guy or something? Sure you know what your talking about?:D

RE: Remington to buyout Marlin
 

If you knew what you were talking about you wouldn't make the statements you make. Hurling insults and evading questions seem to be your strongpoint. I am not going to lower myself to your level. Wonder why they did away with the Ignore button. Sure could use it about now.

RE: Remington to buyout Marlin
 

I am sorry Ed, teach us what you know other than newspaper stories. I am all ears. I just know about several aquisitions and how they work in a mfg enviroment. Maybe your vast experience, you can teach us. Sometimes aquisitions are a good thing, sometimes a bad thing. Depends how they are managed and ultilized. I knowmy company hasvastly improved severalgreat ideas with our strong R&D, and other cases, we were buying patents, not people, and other cases, companies weaquired was to get our foot in thedoor for another market.

I don't think marlin is a public traded company so the high ups must saw some advantage for it. And since you wasn't in the board room to know what those advantages are, then you are speculating and flatulating out your mouth. Tell us differenly ed. Maybe you were in on those deals, and us poor peasants don't know any better.

These are not insults, they are the facts. Unless you were part of those deals.

RE: Remington to buyout Marlin
 

I believe Marlin will still make the levergun as always except now it will have the Remington logo on it. I can't see them doing any design changes. If it ain't broke, don't fix it kinda thing. But I can see them raising prices especially on pre-Remington guns. And what does outsourcing have to do with Remington buying Marlin? Nothing is being outsourced between Marlin and Remington. This is kinda like when Bombardier boughtout Evenrude.

RE: Remington to buyout Marlin
 

I am not going to go on here and explain what I do for a living or any of my business experience which is substantial but I will not discuss it here.u. I am basing my statements on Cerberus modus operand as well as recent events and real world experiences buying products. I am an a privateinvestor as well and do read the newspapers as you put it. I know quite a few people at Remington(management and not middle management either) MAYBE you forget they are right down the road from my houseand possibly some of my neighbors and hunting partners among others could be employees.:DI know how they are run and probably know just a little about them. You never answered my response to the Beretta questions. Your getting worse in your old age and your insults are wearing a little thin. Excuse me if I ignore further postings on your part.

RE: Remington to buyout Marlin
 

I sure dont' think remington and marlin makes every single piece in house. Maybe someone can go to thier investors reports and find out or has insider news. They have to buy the materials from somewhere. They sure don't make the polermers for their stocks, and I am very sure both does not grow the walnut trees for thier stocks. (Or birch for cheap shotguns). Or mine the ore for their steel. They have to get it from somewhere. And up until now, they have been getting it separately.Now, Marlin might get a better deal on walnut blanks.Marlin had to see some wisdom in it. He had say in the matter. It wasn't like a public company hostile takeover.Or consolidate thier barrel making centers to save money.

I bet ya, remington will never put thier name on it either.

Unless someone on here knows, they don't know. Not all partnerships are a bad thing. We just see the bad news on the TV.

RE: Remington to buyout Marlin
 

Yep Bigcountry, you have a good point, well said.

RE: Remington to buyout Marlin
 

Remember Ed, we used to be friends. You started the insults last year about the BAR.Remember. And when it was pointed out by other members on here, that you were dead wrong, you took a hike for over a year. I called you, I emailed you, to try to work it out like friends do. But pride wouldnt' let you do it. So remember who started what here. And who was grown up enough to try to put it behind us and who put thier head in the sand. I am still willing to put it behind us and be friends.

As for beretta. I honestly wasn't their. So it would be ignorant of a person to assume from the little information we got about the blow ups to say for sure, that beretta engineers and metalurgist forced sako to add anything. So do you know for a fact, that a beretta head engineer, went to sako and forced them. Do you have the ECN (engineering change notice), that was wrote up showing who was at fault. Or did you get this info on a forum? Or a rumor. Teach us ed.

RE: Remington to buyout Marlin
 

Sometimes you HAVE to use your "own" ignore button and walk away... That's what i had to do...

Anyway, this deal could go either way, better for both, or worse for both... I'm a guy that has used and loved a lot of Rem products over the years, these days i like Rem a lot less than i use to!!

DM

RE: Remington to buyout Marlin
 

I'm glad igot my 336 in .30-30 for Christmas:D

RE: Remington to buyout Marlin
 

Friend or internet acquaintance? I think something else might have caused my behavior but I don't want to discuss that here or ever for that matter. Don't even remember the BAR argument, thats how important it was. I have been pointed out how wrong I was on so many topics here that I lost count. If it makes peoplefeel better doingit thenthat's fine with me. Everyone is entitled to their opinion. I have taken a "Hike" because at times talking about guns gets a little old and tiresome and you can only discuss them so many different ways and that's the bottom line. I have bigger fish to fry .

RE: Remington to buyout Marlin
 

Well, you said friend before. And I chose friend. But obviously,that kinda of thing is not important.Anyone I sit on the phone with for more than 15min, I usually call em a friend. Like Neil (stalkingbear) on here, I now consider a respected and knowledgable friend or Charlie, (mossyoak), a person I will hunt with. Its a person, I would go out of my way to meet in person one day.

Hey, its your choice. Like I said, I am still willing. I sure didn't start the insults last year.

RE: Remington to buyout Marlin
 

"Friend" is an overused word. I usually know someone for about 20 years before I can call them a friend. I have three currently that fall in that category. Just a personal quirk on my part

RE: Remington to buyout Marlin
 

first winchester then remington now marlin whats next we sell the usa armed forces to china so china fight our wars for us

RE: Remington to buyout Marlin
 

I don't think Remington will ever put thier name on a Marlin gun. Would reduce it's value over night. As for the savings for Marlin because of the ability to buy in bulk, I think that is going to be the downfall. Some guy sitting his a$$ in an office that maybe shoots a gun once or twice a year is going to make a bone headed decision to save what amounts to 10 cents per rifle by buying some slightly different metal or slightly less quality wood and ruin a good gun.

I got back from Gander Mountain. I wasn't all that pleased with the 1895GS they had and asked that they order me a new on in the box. Aparantly he says that the Marlins have been selling real well and that he had heard that someone was looking to buy Marlin but didn't know who.

My gun collection while small will be worth something one day because I bought mine when things were still made with pride. The Wal-Martization of America is upon us.

Tom

RE: Remington to buyout Marlin
 

i doubt they will change name most of the time a company buys another and just wonts the name or to get raid of them total which would mean no more marlins but i think they will turn ther marlin into a cheap remington and leave the marlin name on it

ant marlin already a cheap gun any way

RE: Remington to buyout Marlin
 

A lever action 710....yeah, that's what I need.

In all fairness, Remington makes some very good guns, and some very bad ones....but maybe that's just good business sense, appealing to the masses. I mean, Chevrolet makes an Aveo, and a Corvette....something for everyone.

RE: Remington to buyout Marlin
 

all company's do it gun company's cars food bow Hoyt makes reflex
look at the peanut butter recall the good stuff (petter pan was recalled but so was the great value which is half the price and the same stuff

it is all about marketing if you make something and another company does buy them make the guns cheap and junk sell them until the name is no good throw it away and buy another just a way to get raid of a competitor or to sell cheaper stuff

why does mossberg sell 500s but tey own maverick and sell 88s which are 500s with a differnt saftey and no choke because there cheaper made guns so there not going to put there mossberg name on it

RE: Remington to buyout Marlin
 

You think so? I think overall in America, Marlin is considered a cheaper product than Remington. I maybe wrong, but that is just my view of America. So not sure how you would reduce a value of a lever anymore than it is.

For example. I have 3 levers. and none really hold much value. I have a 1895 45-70 with microgroove, and you can't get $300 for that gun, even though new its $450. But I can get new 700's BDL's for $600-$650, and still find buyers for $450 to $500. I have other newer 30-30's that I would be lucky to get $240 for.

RE: Remington to buyout Marlin
 

i agree i though marlin was the low if not the lowest on the gun scale and i think levers are a think of the past can not use pointed ammo and there bush guns from what i have always been told

if i bought a cheap gun i think i would buy a remington and it would not be lever action but bolt action

RE: Remington to buyout Marlin
 

I couldn't agree more. If anybody benifits in this partnership it would be Marlin. Maybe Remington is interested in Marlin's lever design for something in the future...

RE: Remington to buyout Marlin
 

I'm really curious to see some more responses here. I think Marlin makes a very nice lever action. While lever actions are some what older they are great guns.

While I know Remington makes and sells more guns that Marlin I don't think very highly of them. Of course though most people only own Remingtons so of course they are the best.

I think Remington makes a cheap disposable gun. I have several experiences to prove it.

Tom

RE: Remington to buyout Marlin
 

I was involved in a business that moved from Conn to NJ a long time ago 27 years ago in fact. The business was right on I95 in North Haven 100 yards from our building was the Marlin Building. Some of my associates were previous Marlin IT people. I took a tour of the facility. They are or were a very conservative company and they really ran an antiquated IT department but they had quite a bit of money invested in QA equipment such as optical comparators at the time. Their receivers were drop forged and then machined... and held based on what I saw to some pretty tight tolerances. It's an old design but a proven design with no cast,MIM or other crap in the manufacturing process. Milled Forged steel and good wood . Only plastic they used was on the buttplate. This latestis just an attempt at market share for a declining market(hunters). Someone gets a nice buyout and Remington(Cerberus) gets market share.

RE: Remington to buyout Marlin
 

i think the marlin lever action it was my first gun ever i never had a proplem with it what so ever but i have always been told that marlin is on the lower end of the gun makers that does not make them a bad gun there just less costly i do not wont to say cheao because there not cheap they just do not cost that much

i also wont to here more about the issue

RE: Remington to buyout Marlin
 

I think both remington and martin are ISO companies. So they are required to have an QA department. What most people do not understand is being ISO compliant, means only, "you do what you say and say what you do". What matters is the tolerances and design.

RE: Remington to buyout Marlin
 

It's more like issues.

My family kept guns in a display case in West, TN. There were some very old guns from the 1800's, A TC Contender, two 1187's, and two Baretta shotguns. The only guns in the case that would rust constantly, the Remingtons.

My cousin and I have spent some decent money attempting to fix his 7400 with no results. Didn't work since day one. Just a bunch of junk.

A friend that I've hunted with several times in TN had the bolt handle on his remington 700 break off.

My cousin has a remington 700 that on a good day shoots 3" at 100 yards.

Yes Remington sells more guns than anyone else so of course they are going to have more issues than anyone else but I've experienced enough of them personally or among friends to never want to own one again.

Also price is not always an indication of quality. Check out www.seecamp.com. I don't think there isa higher quality pocket pistol made but the price is very much in check.

Tom