The Loadout Blog
Firearms X Culture
News|Industry News A little over a week ago Ruger announced the completion of the acquisition of Marlin from Remington’s bankruptcy sale of company assets. The sale was finalized on November […]
A little over a week ago Ruger announced the completion of the acquisition of Marlin from Remington’s bankruptcy sale of company assets. The sale was finalized on November 23rd of last month. Ruger purchased Marlin for $28.3 million dollars from Remington. Ruger plans on moving Marlin production in house and expects to see lever action rifles available in 2021.
Below is the press release from Ruger regarding the acquisition.
Press Release
Sturm, Ruger & Company, Inc. (NYSE: RGR) announced today that the closing of its acquisition of substantially all of the Marlin assets occurred on Monday, November 23. The agreement to purchase these assets emanated from the Remington Outdoor Company, Inc. bankruptcy and was approved by the United States Bankruptcy Court for the Northern District of Alabama on September 30, 2020. The purchase price of approximately $28.3 million was paid with available cash on hand.
Chief Executive Officer Christopher J. Killoy noted the excitement that has permeated the firearms industry in anticipation of the confluence of these two iconic firearms brands, “Since we announced the agreement to purchase Marlin in September, we have heard from countless members of the firearms community – consumers, retailers, distributors, writers, and collectors – who are delighted that legendary Marlin rifles are now part of the Ruger product family. We are excited to start moving these assets to our Ruger facilities and setting up the manufacturing cells that will produce Marlin rifles for years to come. We look forward to re-introducing Marlin rifles in the latter half of 2021.
What do you think about Ruger’s acquiring the Marlin assets from Remington? Let us know in the comments below.
If you enjoyed this post, hit that like button, share it a friend, and subscribe. If you have any suggestions, ideas, or comments. Please feel free to drop a comment. Be Humble. Train until only savagery remains and stay deadly ladies and gents.
Hello, everyone and welcome to The Loadout Blog. The purpose of this website is to share educate, inform, and build a lasting culture around firearms. I want to create a hub of reliable, cohesive, and relevant material for today's shooter. I am seeking to appeal to all demographics so from the novice, to experienced, along with LE and military communities. I am here to be transparent and honest on all matters discussed or chronicled on this site. I will post content once a week at minimum or more often if time allows.
Now, a little bit about me. I served six years in the Marines Corps as an 0311. I was in 2nd BN 4th Marines, 5th Marine Reg, 1st Mar Div. I was in Golf Company while in 2/4. I was deployed twice during my time in. I did one deployment to Afghanistan and my second was on apart of 31st MEU. I departed the military in September of 2015. I currently work as an RSO at a local range in Vegas.
Thank you for stopping by my website and join the journey with me. To stay up to date with the website, hit that subscribe button. Be humble. Be savage. Have a great day.