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Remington Arms Company, LLC is an American manufacturer of firearms and ammunition in the United States. It was founded in 1816 by Eliphalet Remington in Ilion, New York, as E. Remington and Sons. Remington is America's oldest gun maker and is claimed to be America's oldest factory that still makes its original product.[2] Remington is the largest U.S. producer of shotguns and rifles. The company has developed or adopted more cartridges than any other gun maker or ammunition manufacturer in the world.

Remington Arms Company, LLC
LLC
IndustryArms Industry
Founded1816; 202 years ago (1816)
FounderEliphalet Remington
HeadquartersHuntsville, AL, Lonoke, AR, Hickory, KY, Ilion, NY, ,
United States
Number of locations
6
Area served
Worldwide
Key people
Anthony Acitelli, CEO
ProductsFirearms, ammunition, and accessories
RevenueUS$950 millionas of 2004
Number of employees
3,500
ParentRemington Outdoor Company
Websitewww.remington.com

Until 2015, Remington Arms was part of the Freedom Group,[3] which is owned by Cerberus Capital Management. In 2014, a new plant was built in Huntsville, Alabama to produce AR-15 style semi-automatic rifles and Remington 1911 R1 pistols.[4][5] In 2015, the Freedom Group was renamed as Remington Outdoor Company. Remington filed for chapter 11 bankruptcy protection, in March 2018, having accumulated over $950 million in debt. Remington exited bankruptcy in May 2018, less than two months after filing for protection under Ch. 11 laws. Remington's quick exit from bankruptcy was due to a pre-approved restructuring plan that was supported by 97% of its creditors.

Contents

HistoryEdit

19th century originEdit

 
Remington New Model Army Revolver, made 1863-1875
 
Remington Rolling Block Carbine 1867

The Remington company was founded in 1816. Eliphalet Remington II (1793–1861) believed he could build a better gun than he could buy. Remington began designing and building a flintlock rifle for himself. At age 23 (in late 1816), he entered a shooting match; though he finished second, his well-made gun impressed other contestants. Before Remington left the field that day, he had received so many orders from other competitors that he had officially entered the gunsmithing business. By 1828, he moved his operation to nearby Ilion. This site is still used by the modern Remington firearms plant.

On March 7, 1888, ownership of E. Remington & Sons was sold by the Remington family to new owners, Marcellus Hartley and Partners. This consisted of Hartley and Graham of New York, New York, a major sporting goods chain who also owned the Union Metallic Cartridge Company in Bridgeport and the Winchester Repeating Arms Company of New Haven, both in Connecticut. At this time the name was formally changed to the Remington Arms Company.[6] The Bridgeport site became the home of Remington's ammunition plant.

20th centuryEdit

 
Remington-Pedersen 51
 
The M24 SWS military sniper rifle, based on the Remington 700.

In 1912, Remington and Union Metallic Cartridge Company were combined into a single entity, called Remington UMC. In the early 21st century, Remington still produces U.M.C. brand ammunition. In 1915, the plant at Ilion was expanded, and with this expansion became basically the same plant as today.

During the early years of World War I, Remington produced arms under contract for several Allied powers. Remington produced M1907-15 Berthier rifles for France, Pattern 1914 Enfield rifles for Britain, and Model 1891 Mosin–Nagant rifles for Imperial Russia. As the war intensified, Remington production rose to meet demand.

When the U.S. entered the war, Remington became deeply involved in the war effort.[7] Remington developed and produced the U.S. M1917 Enfield rifle, a simplified version of the British Pattern 1914, and development of the Pedersen device.

Late in the war, the collapse of the Imperial Russian government had a severe effect on Remington finances. Russia had ordered large quantities of arms and ammunition, but ran short of money to pay for the orders. They delayed payment, arguing there were alleged defects in Remington products. When the Bolsheviks took power in the Russian Revolution, they repudiated the contract entirely.

Remington was left with huge stocks of guns and ammunition, and no prospects for payment. The U.S. government stepped up to purchase the firearms, thereby preventing Remington from absolute loss.[8] Remington made the conscious decision to promote and emphasize their line of civilian products. They viewed hunting products as a more stable business which might help them to survive future ups and downs generated by war demands.

During the Great Depression, Remington was purchased by the DuPont Corporation, which had made its fortune with improvements to gunpowder. A year later, Remington purchased the Peters Cartridge Company; today, many of the Remington headstamps still have "R-P" on them for Remington-Peters.[9]

In 1940, the U.S. Army became worried about its ammunition capacity and asked Remington to collaborate on a plan for national expansion. With the aid of DuPont, Remington built the Lake City Army Ammunition Plant (originally named Lake City Arsenal) and Denver Ordnance ammunition plants, and three more plants later on, including the Lowell Ordnance Plant. Though the plants belonged to the U.S. government, Remington was asked to oversee their operation. Among the weapons, Remington manufactured for the government during World War II was the famous M1903A3 Springfield bolt-action rifle.

During the 1950s and 1960s, Remington branched out into other products besides guns, with the purchase of Mall Tool Company in 1956.[10][11] One of the products was chain saws.[12]

In 1962 Remington introduced the Model 700 bolt-action rifle. The rifle became one of Remington's most successful firearms, and quickly lent itself to developments of many sub-variants, including the Remington 700 BDL, Remington 700PSS for police and law enforcement agencies (the rifle, later renamed 700P, is very popular among law enforcement agencies) and the military M24 SWS, which was the United States Army standard sniper rifle between 1988–2010. It is still used by other armed forces around the world, such as the IDF. Other firearms companies designed and manufactured sniper rifles based on the reliable and accurate Remington Model 700 action.

In 1986, Remington closed its ammunition plant in Bridgeport, Connecticut, transferring operations to a new facility in Lonoke, Arkansas. This site was chosen as the geographic center of the sporting ammunition market. A year later, Remington built a new clay targets plant in Athens, Georgia. In 1993, Remington was sold by DuPont to the investment firm Clayton, Dubilier & Rice (CD&R).

21st centuryEdit

In June 2007, a private equity firm, Cerberus Capital Management, acquired Remington Arms for $370 million, including $252 million in assumed debt. Remington was millions of dollars in debt and did not report a profit during the years 2003–2005.[13] It was renamed as the Freedom Group.

In December 2007, Remington Arms acquired rifle-maker Marlin Firearms.[14] As of 2009, ammunition sales continued to remain high during the ongoing United States Ammunition Shortage. Chief Executive Officer Ted Torbeck said that consumer concerns over future restrictions, and taxes on ammunition and firearms by the Obama administrations, were creating a rise in demand.[15]

In October 2009, Remington Military products acquired suppressor manufacturer Advanced Armament Corporation.[16] In 2010, Remington introduced the fastest commercially available shotgun shell, Hypersonic Steel, with a patented wad technology that allows the shot to travel at 1,700 ft/s (520 m/s).

After a 12-year absence in the handgun market, Remington announced the Model 1911 R1. It had ceased production in 1998 of its last handgun, the Model XP-100R. Later that year, Remington introduced the Versa Max auto-loading shotgun. Its patented Versa Port system self-regulates gas pressure based on the length of the cartridge used, enabling the shotgun to shoot light 2 34 in (70 mm) target loads, 3 in (76 mm) hunting loads, and 3 12 in (89 mm) magnum hunting loads.

In 2012, Remington won the U.S. Army contract to manufacture 24,000 M4A1 carbines at $673 per unit worth $16,163,252 total.[17]

In 2013, Remington introduced the Model 783 bolt-action rifle.

In 2013, for the first time since 1928, Remington began to offer an air rifle, called the "Remington Express".[18]

In 2015, the Freedom Group holding company was renamed as Remington Outdoor Company.

Beginning in late 2017, Remington began bankruptcy planning, having suffered declining sales and reputation damage[clarification needed], and amassed some $950 million worth of debt.[19][20] The low sales and debt were blamed on either a reduction in "panic-buying", or diminishing quality and reputation.[21] Remington filed for bankruptcy in March 2018.[22] Remington exited bankruptcy on May 17, 2018, less than two months later. The company's quick exit was due to a pre-approved restructuring plan supported by 97% of its creditors, which cancelled all shares of common stock issued prior to the commencement of the bankruptcy proceedings, and issuance of new shares to convert over $775 million of company debt into equity. [23]

Relocation of production plantsEdit

On February 17, 2014, Remington announced a plan to build a new state-of-the-art plant in Huntsville, Alabama. Remington decided to move two production lines from the Ilion, New York plant as a result of the fallout from the New York Safe Act, which restricted gun ownership.[2][5] Huntsville is now building the AR-15 style semi-automatic rifles from Bushmaster, DPMS, and Remington Remington R-15 and 1911 style R-1 pistols in the new plant. This is considered an $87 million boom for Alabama's economy.[24] The new plant consolidates Remington's production to promote efficiency and lower production costs.[4] Experts in the gun industry believe that Remington will eventually leave its New York roots to have its plants in states that are more gun-friendly and pro-business.[5]

Production sitesEdit

Remington has several production facilities today.

The corporate headquarters for Remington Arms is located at Madison, North Carolina. Remington owns two firearms plants.[clarification needed] The larger plant is located in Ilion, New York, at the historic site. This plant also is home to Remington's Powdered Metal Products Division. A new, state-of-the-art firearms facility was recently built in Mayfield, Kentucky.

All of Remington's ammunition is now made at the 35-year-old plant in Lonoke, Arkansas. This plant also is home to Remington's Industrial Products Division, and Ammunition Product Services.

The Bushmaster AR-15 style rifle and 1911 pattern R-1 lines from Ilion, New York, are now produced at a plant constructed in 2014 in Huntsville, Alabama.[4][5] DPMS Panther Arms is moving from St. Cloud, MN to the new Alabama facility.[25][26]

Remington's former ammunition factory in Bridgeport, Connecticut, was investigated by the Travel Channels, Ghost Adventures in 2009. The site was eventually purchased by Peter DiNardo Enterprises Inc. and is scheduled for demolition.[27]

In national symbolismEdit

Remington rifles are incorporated into the flag and the national emblem of Guatemala.[28]

Remington firearmsEdit

Based on a list from the Remington web site.[29] NOTE: Remington has produced many weapons over the years. This list is NOT a complete list.

RiflesEdit

Bolt-action (rifle)Edit

Pump-action (rifle)Edit

Semi-automatic (rifle)Edit

Single-shotEdit

AutomaticEdit

ShotgunsEdit

Pump-action (shotgun)Edit

Semi-automatic (shotgun)Edit

Break-action (shotgun)Edit

HandgunsEdit

Semi-automatic (handgun)Edit

DerringerEdit

RevolversEdit

OtherEdit

  • XP-100, a bolt-action pistol that can fire many rifle cartridges
  • Express Air Rifle[18]

ReferencesEdit

  1. ^ "Our Company". Remington.com. Retrieved August 17, 2013.
  2. ^ a b Miniter, Frank. "Americas Oldest Gun Maker Thumbs its Nose at a Two Faced Senator Charles Schumer". Forbes.
  3. ^ "How Freedom Group Became the Big Shot". nytimes.com. Retrieved March 1, 2017.
  4. ^ a b c Precious, Tom. "Remington to move production of two gun lines from New York to Alabama". The Buffalo News.
  5. ^ a b c d Weaver, Teri. "Remington Arms moving two assembly lines from Ilion to Alabama because of NY Safe Act". The Post-Standard.
  6. ^ Henning, Robert A.; Terrence H. Witkowski (November 2013). "The Advertising of E. Remington & Sons: The Creation of a National Brand, 1854-1888". Journal of Historical Research in Marketing 5: 418–438.
  7. ^ Strother, French (January 1916). "America, A New World Arsenal". The World's Work: A History of Our Time. XXXI: 321–333. Retrieved August 4, 2009.
  8. ^ "The American Mosin Nagants". Mosinnagant.net. Retrieved January 31, 2016.
  9. ^ Nonte, George C. (1973). Firearms encyclopedia. Harper & Row. p. 324.
  10. ^ [1] Archived August 29, 2010, at the Wayback Machine.
  11. ^ "The Timberman". Books.google.com. October 7, 2009. Retrieved January 31, 2016.
  12. ^ Advertisement, Popular Science, October 1967, p. 201 (retrieved October 16, 2010 from Google Books)
  13. ^ "Remington Arms Is Sold". The New York Times. April 6, 2007. Retrieved May 22, 2010.
  14. ^ "Gunmaker Remington to buy Marlin Firearms". Usatoday.Com. December 27, 2007. Retrieved January 31, 2016.
  15. ^ Hook, Jim. "Pa.'s 2009 deer season looks promising; ammo shortage is a concern". Archived from the original on November 30, 2009. Retrieved November 30, 2009.
  16. ^ [2] Archived October 12, 2009, at the Wayback Machine.
  17. ^ [3] Archived June 24, 2012, at the Wayback Machine.
  18. ^ a b "Remington Offers Express Air Rifle Holiday Gift Package". Outdoor Hub. Retrieved December 24, 2013.
  19. ^ McCoy, Kevin (February 13, 2018). "Remington bankruptcy plan is new wound for 'America's Oldest Gunmaker'". USA Today.
  20. ^ Andrew Berlin, Jessica DiNapoli (February 8, 2018). "Exclusive: U.S. gunmaker Remington seeks financing to file for bankruptcy". Reuters.
  21. ^ Allhands, Joanna (13 February 2018). "Don't blame Donald Trump for Remington's bankruptcy". AZ Central. Archived from the original on 26 March 2018.
  22. ^ Hart, Benjamin (26 March 2018). "Gun Giant Remington Declares Bankruptcy". Daily Intelligencer (New York Media). Archived from the original on 26 March 2018.
  23. ^ "BREAKING: Remington Emerges From Chapter 11 Bankruptcy - The Firearm Blog". The Firearm Blog. 2018-05-17. Retrieved 2018-05-22.
  24. ^ Lucy Berry (February 17, 2014). "Remington plant, 2,000 jobs in Huntsville will grow advanced manufacturing base in north Alabama". AL.com. Retrieved January 31, 2016.
  25. ^ "St. Cloud gunmaker moving to Alabama". Sctimes.com. May 16, 2014. Retrieved January 31, 2016.
  26. ^ Press, Associated (May 15, 2014). "St. Cloud-based gun maker DPMS Panther Arms moving to Alabama – Twin Cities". Twincities.com. Retrieved January 31, 2016.
  27. ^ Keila Torres Ocasio (April 1, 2012). "RemGrit buildings set to fall - Connecticut Post". Ctpost.com. Retrieved January 31, 2016.
  28. ^ "Guatemala". Flagspot.net. Retrieved January 31, 2016.
  29. ^ [4] Archived July 17, 2011, at the Wayback Machine.
  30. ^ "Remington Defense". Remingtonmilitary.com. Retrieved January 31, 2016.
  31. ^ "Remington Defense". Remingtonmilitary.com. Retrieved January 31, 2016.

External linksEdit