Remington Arms Company, Inc., is headquartered in Madison, N.C., designs, produces and sells sporting goods products for the hunting and shooting sports markets, as well as military, government and law enforcement markets. Remington is the oldest company in the United States of America which still makes its original product, and is the oldest continuously operating manufacturer in North America. Remington is the only United States of America company which produces both firearms and ammunition domestically, and is the largest United States of America producer of shotguns and rifles. Remington products are distributed in over 60 foreign countries, making its base wider than those of its competitors.
Remington was founded in 1816 by Eliphalet Remington in Ilion, New York, as E. Remington and Sons. In 1865, Remington incorporated into a stock company and then eventually became Remington Arms Company. In 1888, Remington was purchased by Marcus Hartley and Partners, who also owned the Union Metallic Cartridge Company in Bridgeport, Connecticut. The Bridgeport site became the home of Remington's ammunition plant. In 1912, Remington and Union Metallic Cartridge were combined into a single entity, called Remington UMC. In 1915, the plant at Ilion was expanded, and with this expansion became basically the same plant as today. During the Great Depression, Remington was purchased by the DuPont Corporation, which had made its fortune with improvements to gunpowder and manufactured the famous (IMR) powder. A year later, Remington purchased the Peters Cartridge Company; today, many of the Remington headstamps still have R-P on them for Remington-Peters. In 1986, Remington closed its ammunition plant in Bridgeport, Connecticut, creating a brand-new facility in Lonoke, Arkansas. This site was chosen as the geographic center of the sporting ammunition market. In 1993, Remington was sold by DuPont to the investment firm Clayton, Dubilier & Rice (CD&R'). In June 2007, a private equity firm, Cerberus Capital Management, acquired Remington Arms for $370 million, including $252 million in assumed debt. This happened because Remington was millions of dollars in debt and did not report a profit during the years 2003-2005. In December 2007, Remington Arms acquired rifle-maker Marlin Firearms.
Cerberus Capital Management, Firearms Investments.
Acquired Bushmaster Firearms, Inc., in April 2006.
Bushmaster Firearms acquired Cobb Manufacturing, a well-respected manufacturer of large-caliber tactical rifles in August 2007.
Acquired DPMS Panther Arms December 14, 2007.
Purchased Remington Arms in April 2007.
Remington Arms acquired Marlin Firearms in January 2008.
In October 2009, Remington Military products acquired silencer manufacturer Advanced Armament Corporation.
Remington Arms Company, Inc.:
Remington Model 700
6.5mm Remington Magnum
6.8mm Remington SPC
7mm Remington Magnum.