Truth About Guns Reports on Remington Asset Bids Now Revealed

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The Truth About Guns published an excellent breakdown of the recent Remington Asset Bids and which companies were participating in the bidding for control of various parts of Remington Outdoor, Inc during the bankruptcy.  So far, so good.  If this breakdown is approved by the court, we hope to see many parts of Remington Outdoor, Inc go to companies that have the incentive to revive and reinvent many of the products we used to enjoy before they were discontinued, or bean-counted into oblivion.

This is the breakdown they posted:

“The bankruptcy court still needs to approve the successful bids, but they are as follows:
 
Vista Outdoor, Inc. as the Successful Bidder pursuant to the terms of the Asset Purchase Agreement attached hereto as Exhibit A with respect to the Lonoke Ammunitions Business and certain IP assets; and SIG Sauer, Inc. as the Backup Bidder thereto pursuant to the terms of the Asset Purchase Agreement attached hereto as Exhibit B with respect to the Lonoke Ammunitions Business;
 
Roundhill Group, LLC as the Successful Bidder pursuant to the terms of the Asset Purchase Agreement attached hereto as Exhibit C with respect to the non-Marlin Firearms Business; and Huntsman Holdings, LLC and Century Arms, Inc. as the Backup Bidders thereto pursuant to the terms of the Asset Purchase Agreement attached hereto as Exhibit D with respect to certain Firearms Business IP assets and Exhibit E with respect to certain non-Marlin Firearms Business inventory, respectively;
 
Sierra Bullets, L.L.C. as the Successful Bidder pursuant to the terms of the Asset Purchase Agreement attached hereto as Exhibit F with respect to the Barnes Ammunitions Business; and Barnes Acquisition LLC as the Backup Bidder thereto pursuant to the terms of the Asset Purchase Agreement attached hereto as Exhibit G with respect to the Barnes Ammunitions Business;
 
Sturm, Ruger & Company, Inc. as the Successful Bidder pursuant to the terms of the Asset Purchase Agreement attached hereto as Exhibit H with respect to the Marlin Firearms Business; and Long Range Acquisition LLC as the Backup Bidder thereto pursuant to the terms of the Asset Purchase Agreement attached hereto as Exhibit I with respect to the Marlin Firearms Business;
 
JJE Capital Holdings, LLC as the Successful Bidder with respect to the DPMS, H&R, Stormlake, AAC, and Parker brands; (JJE is Palmetto State Armory)
 
Franklin Armory Holdings, Inc., or its designated assignee, as the Successful Bidder with respect to the Bushmaster brand and certain related assets; and
 
Sportsman’s Warehouse, Inc. as the Successful Bidder with respect to the Tapco brand.
 
The hearing to approve the winning bids will take place on Tuesday, September 29. Watch this space.”
Varminter Magazine
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