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.
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.
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