This Ping List is for all things pertaining to infringes upon or victories for the 2nd Amendment.
FReepmail me if you want to be added to or deleted from the list.
More 2nd Amendment related articles on FR's Bang List.
Posted on 09/30/2020 5:35:31 PM PDT by Towed_Jumper
Sturm, Ruger and Company, Inc. (NYSE: RGR) announced today that its offer to purchase substantially all of the Marlin Firearms assets was accepted by Remington Outdoor Company, Inc. and approved by the United States Bankruptcy Court for the Northern District of Alabama. The Company will pay the $30 million purchase price from cash on hand at the time of closing, which is expected to occur in October.
"The value of Marlin and its 150-year legacy was too great of an opportunity for us to pass up," said Ruger President and CEO Chris Killoy. "The brand aligns perfectly with ours and the Marlin product portfolio will help us widen our already diverse product offerings."
The transaction is exclusively for the Marlin Firearms assets. Remington firearms, ammunition, other Remington Outdoor brands, and all facilities and real estate are excluded from the Ruger purchase. Once the purchase is completed, the Company will begin the process of relocating the Marlin Firearms assets to existing Ruger manufacturing facilities.
"The important thing for consumers, retailers and distributors to know at this point in time," continued Killoy, "is that the Marlin brand and its great products will live on. Long Live the Lever Gun."
Additional information will be released when available. To stay up to date, please sign up for our contact list using the link below.
Remington killed the Marlin Firearms brand with their crappy "Remlins." Lets hope Ruger can return the Marlin brand to the standards seen in the old "JM" marked guns. Long live the lever action!
Ruger/Remy Pump,,,
Very Interesting.
“Ruger has purchases most all of the assets of Marlin Firearms from the seemingly perpetually bankrupt Remington. “
Harvard Business School and Wall Street. :)
My brother stole a Marlin 39A Golden Mountie Rifle from me and traded it for a bag of weed. My grandfather left it to me.
I doubt I’ll ever forgive him for it.
L
I learned a few weeks ago that Bushmaster/DPMS was bought out by Remington and shut down.
I know because I bought an LR-308 a couple of years ago that I never fired. When I finally got around to it, it wouldn’t cycle. Took a while to figure out where to send it, but Remington fixed it for free.
I’ve loved my Marlin model 795 .22 rifle for over 15 years. I hope Ruger (with their fine 10/22) don’t decide the 795 isn’t needed anymore.
“My brother stole a Marlin 39A Golden Mountie Rifle from me”
I still have mine. Got it when I was 14. Sweet lever-action.
Accurate as hell.
This Ping List is for all things pertaining to infringes upon or victories for the 2nd Amendment.
FReepmail me if you want to be added to or deleted from the list.
More 2nd Amendment related articles on FR's Bang List.
This could be good for the Marlin brand which has suffered under Remington management.
You got that right mate. Maybe they’ll start making them the way they used to. I was lucky and got a Guide Gun by Mwrlin before they tubed. A Rolex.
Oh man... neither would I.
Wow, that was cruel. People will do awful things to kin for dope. I hope he got his act together.
I bought a 795 first and then discovered the Marlin 60, now I have 8-9 of them.
Bookmark
This is breaking new ground for Ruger; I hope they have a good plan to preserve the Marlin brand - including legacy designs.
My first rifle was a Marlin model 60. I got it in the early ‘80s for about 40 bucks at Kmart.
“Harvard Business School and Wall Street. :)”
“I hope he got his act together.”
Nope. 3 years in a State Prison for embezzling $100,000 from a church.
L
Maybe Ruger can move the Marlin operations to its Prescott facility. They have plenty of room for it.
I still have my Marlin Camp 9 from 26 years ago.
My very first 22 rifle was a tubular mag design. I can't remember for sure, but since that was in the sixties, it could very well have been a Marlin 60.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.