Remington Bankruptcy

gbett308

Formerly 'gbett100'
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Just wanted to get the thoughts of the group on Remington's bankruptcy, buyout and split up...understand Remington has been bashed for years with the trigger fiasco and poor customer service. However, there are some really good Remington products still out there for the average joe.

what are all the rem 700 action guys gonna do? are we buying other actions and brands? are we getting zero customer service now?

what are your recommendations for switching to other brands and why?

Thanks.
 

Montana'eer

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With the Ilion firearm plant portion getting sold to a investment group with no other firearm manufacturing in its' portfolio I think bodes well for the plant and product line.

The 700 platform and shotgun platforms are pretty staple items, well known with a brand loyalty- and a price of $13mm sounds cheap (to me).

I pretty much knew Remington was on it's last legs when a friend of mine who is a dealer called in early December and said he could get a steal of a deal on 700 5R rifles- but he had to buy X number of them and all had to be done by the end of the year- so he was calling a lot of his friends to get in the game to make the purchase. I bought 2 and I won't disclose the price, but it was literally 'too good to be true'.

On top of that incredible price I paid- Remington provided a $75 rebate on each rifle- so I got my rebate papers in FAST and received my $150 back in early summer.

When you start seeing a company selling inventory at that deep discount by the end of the calendar year- you can bet they were in a cash crunch and failing.

By the way my 5R .308 is an incredible shooter.
 

DJ Fergus

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While I'm glad that Ruger picked up Marlin and the other Remington divisions will likely be aquired also, what the liberals & liberal media has done to them still doesn't sit well with me. If someone uses a Toyota to commit a crime, Toyota doesn't get sued for that.
 

DJ Fergus

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If anyone really knows much about or has worked on a walker trigger, they know that taking that trigger in factory form much below 3lbs is dangerous because the adjustment screw may back completely off of the pull weight spring. What ever pull weight there is left after that ( usually under 3lbs or less) is not pull weight due to the springs tension but strictly due to friction of the sear surfaces. So that situation leaves no spring tension to reset the trigger Sears in place upon recocking the firing pin. That's when the firing pin can fall when ejecting a live round. The most notable & leading lawsuit against Remington's walker trigger accidentally going off was a factory trigger that had been adjusted too low by a gunsmith. And if you do much research, most of the triggers tied to lawsuits had been tinkered with. CSNBC put their normal twist on stories and painted up Remington as an evil vilan corporation who was putting out factory triggers that they knew were dangerous and laughing about it the whole time as they raked in the profit. Yes, the triggers were dangerous after someone who didn't know what they were doing jacked around with them.
 
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Hawkeye Pierce

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So I guess this has more to do with the fact I stopped buying all Remington products a while ago because of the choices they made.Also I'm in a mood do to people screwing me over on the sale of my house.
I understand they have been around for a long time and the loss from a historical standpoint is a shame, but now to my rant.
I say they got what they deserved, for all the companies they bought and shutdown because they were unwilling to create a higher quality product to compete so they just bought them out. Just because they flooded the market with a have way decent product at a good price and became a standardized component of many builds doesn't mean you can make crapy business deals. Choices have consequences, and while this might not be directly linked in a way it could be, if they had bought less and saved more this mighthave turned out differently.
 

DJ Fergus

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If we really look at who's responsible for the demise of Remington, short answer is everyone including themselves. Long answer : Remingtons financial leaders flying all over the country in the corporate jet while their in financial chaos, the greed & mismanagement of remingtons leadership, Remington's lack of offering current modern chamberings when they would be great sells, CSNBC, wealthy socialist liberal gun haters, Remingtons lackluster qc, the guy who bought a $389 scoped combo and expected it to shoot 1/2 moa with factory ammo, and the final straw... The S.H. lawsuit.

I understand those who decided not to buy Remington due to a bad experience. I have done that before also. I'm not taking up for or bashing Remington either way but it's disheartening to see how a company that once was and could have continued to be a great American company turn out like it has. Optimistically, maybe those companies who pick up the pieces will make the needed improvements. There's possibly that who ever picks up the 7 series will increase qc and offer some of the newer chamberings
 

Bob Wright

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I think Remington lost their way too.
If I was the CEO today and wanted to save it, I would concentrate on quality, a premium line and a standard line.
With Springfield Armory's 2020 rifle entry, that is one example of what Remington should focus on
Sometimes too many product lines can be a nightmare, such as what Ford and GM had. They had to shed duplicate overlapping products like Pontiac, Olds. Ford too addressed by discontinuing products.
The Remington company has to focus on what people want and what they do best. Shed anchors. Modernize. Relocate.
It takes money and vision. The company that bought them may not be willing to do it.
 

Dean2

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While I don't have a Marlin (don't hunt at "Marlin" ranges) I would hope that Ruger would restore the good name they had before Remington bought them.
Remington went bankrupt because the current owners loaded it with so much debt it just couldn't survive. To be fair to Remington and the Marlin issue, when Remington bought Marlin, Marlin was already producing crap guns. The machinery was so old and worn out that when Remington moved production they left almost all of it behind. Problem with the move is they also lost all the long term staff that knew how to make Marlins. If took a few years but the Marlins that were being produced the last ten years were actually very good quality. I have a 2015 Guide gun in 45-70 that will shoot clover leafs at 100 yards. It is finished and fit nearly as well as the JM gun I have from the late 80s.

Remington is one more company that has suffered greatly from Financial Engineering. This is a pretty good article about the recent history of Remington.
Remington History
 

DJ Fergus

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The later CNC machined 700 actions were probably the truest factory actions they ever made, same goes for the 783 actions. A lot of them were probably just as true or more so than some of the Stillers. Some of the Remington barrels are a different story, mostly some the Sporter weight barrels. But I don't bank on any factory Sporter weight barrel being a shooter anymore.
 

Bob Wright

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Remington went bankrupt because the current owners loaded it with so much debt it just couldn't survive. To be fair to Remington and the Marlin issue, when Remington bought Marlin, Marlin was already producing crap guns. The machinery was so old and worn out that when Remington moved production they left almost all of it behind. Problem with the move is they also lost all the long term staff that knew how to make Marlins. If took a few years but the Marlins that were being produced the last ten years were actually very good quality. I have a 2015 Guide gun in 45-70 that will shoot clover leafs at 100 yards. It is finished and fit nearly as well as the JM gun I have from the late 80s.

Remington is one more company that has suffered greatly from Financial Engineering. This is a pretty good article about the recent history of Remington.
Remington History
Thanks for the article. I had no idea how bad it got. These equity monsters basically robbed the joint and skated away. In their dust destroyed a company and its long legacy. No penalties for the bad actors.
 

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