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Rifles, Reloading, Optics, Equipment
Gunsmithing
Remington Bankruptcy
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<blockquote data-quote="tobnpr" data-source="post: 2197508" data-attributes="member: 68758"><p>Why do you find this to be anything other than normal course of events?</p><p>Remington Arms Company went full-monty bankrupt/sale of assets.</p><p>Assuming warranty liability for those manufactured since '16 would be reserves/monetary "hit" on the balance sheet that was unnecessary. Why would they?</p><p></p><p>I'm more curious as to why this is even an issue with you- Remington had a typical one-year warranty on their firearms, until their 200th anniversary in 2016 when they introduced a limited lifetime warranty, no doubt in a last-gasp attempt to increase their numbers.</p><p></p><p>If Remington Arms were still in business today, you'd still be paying them to repair your older out-of-warranty firearms- no different than paying a smith as they're telling you (and probably saving money anyway).</p><p></p><p>For anyone who cares...</p><p></p><p>Vista Outdoors purchased the Lonoke ammunition facility and the facility was back running full bore last month.</p><p>Roundhill purchased the firearms business- sans Marlin</p><p>Ruger purchased Marlin</p><p>JJE Capital: DPMS, H&R, Stormlake, AAC (gag), and Parker</p><p>Franklin Armory: Bushmaster</p><p>Sportsman's Warehouse: Tapco</p><p></p><p></p><p>Roundhill finally reached a preliminary agreement with the United Mine Workers at the Ilion factory last month, so hopefully they'll be up and running again soon. I need receivers to build rifles!</p></blockquote><p></p>
[QUOTE="tobnpr, post: 2197508, member: 68758"] Why do you find this to be anything other than normal course of events? Remington Arms Company went full-monty bankrupt/sale of assets. Assuming warranty liability for those manufactured since '16 would be reserves/monetary "hit" on the balance sheet that was unnecessary. Why would they? I'm more curious as to why this is even an issue with you- Remington had a typical one-year warranty on their firearms, until their 200th anniversary in 2016 when they introduced a limited lifetime warranty, no doubt in a last-gasp attempt to increase their numbers. If Remington Arms were still in business today, you'd still be paying them to repair your older out-of-warranty firearms- no different than paying a smith as they're telling you (and probably saving money anyway). For anyone who cares... Vista Outdoors purchased the Lonoke ammunition facility and the facility was back running full bore last month. Roundhill purchased the firearms business- sans Marlin Ruger purchased Marlin JJE Capital: DPMS, H&R, Stormlake, AAC (gag), and Parker Franklin Armory: Bushmaster Sportsman's Warehouse: Tapco Roundhill finally reached a preliminary agreement with the United Mine Workers at the Ilion factory last month, so hopefully they'll be up and running again soon. I need receivers to build rifles! [/QUOTE]
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Remington Bankruptcy
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