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."
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My father gave me a 1950(?) Marlin 336rc that my grandfather gave to him.
Hadn’t been fired more than 40 times and it was perfect.
Burglars took it, I feel your pain.
And you let him live? Some things are thicker than water, but stealing a lever action from family ain’t one of them.
Most excellent news. One might add a shiny new Marlin/Ruger lever gun to one’s wantwant list.
A 336 in .35 Remington would be da bomb.
“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.”
The selling of any “JM” marked Marlin would be a death penalty offense in my family.
Oh man, talk about a cult favorite... How about a Marlin camp carbine in .45acp?
I still have my model 60 too. Same thing. Kmart.
What does the “jm” designate?
Never mind. JM = North Haven original.
Never mind. JM = North Haven original.
Ruger ping. Is there are Ruger facility in Reidsville?
The JM stamp means that the firearm was made by Marlin and not under the company that bought them out. Some are referring to the new marlins as remlins. The JM stamp would be on the barrel, you will not see it on the new marlins.Jan 18, 2014
“Oh man, talk about a cult favorite... How about a Marlin camp carbine in .45acp?”
I was looking for that one several years ago. None to be found at a reasonable price. I’ve had several offers for my Camp 9, all of which I turned down.
If anyone can do it, Ruger can!!!
Major league Ruger guy here—-love Ruger.
He bought it for me the year I was born. I will not speak to him again.
Ever.
L
Thanks.
My best iron sight shooter is a 30-30 336.
Bought from a neighbor about 40 yrs back for $150.
” I will not speak to him again. Ever.”
Your family sounds a little like mine.
Yes, good news indeed.
Now somebody needs to rescue Remington...an American icon.
Perhaps Smith & Wesson.
I bought a 1895 Guide Gun in 45-70 a couple of years ago as a camp gun. Shoots standard loads nicely. I have a box of bear loads which I have not shot yet. A convenient size, works well and is quite potent, so I have no complaints.
I shot my first mule deer with a .30-30 Marlin 336. It was DRT.
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