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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I bought 3 Ruger Security-9mm pistols at Ft Bragg this summer. I also have a Marlin 1870-1970 gold plated trigger .22 cal which I love. Ruger Mark series pistols are great.
Grew up with Marlin and have loved their value and reliability...
This is good news, I’m a long time Ruger and Marlin fan, was very disappointed to find out Remington had bought them and their reputatio was not good. They also dropped the lever action 22, Marlin’s most popular model, and maybe the most popular 22 rifle ever.
I had a Golden 39A I bought new in about 1979, my step father sent it in for repairs to a gunsmith in Beaumont years later. He not only didn’t fix the problem, he swapped my stock with a different one that didn’t fit the receiver properly. No use trying to send it back, anybody that dishonest would deny he did it. I finally sold the thing years later, I was just sick of not having “MY” rifle any more. I had to fix the thing, $5 part, took all of 10 minutes and that includes time to find a screwdriver.
Now I find out Remington dropped the 22 lever action. Looked at one in a pawn shop a few months ago, $550. Mine was $150 new.
I now have a bolt action Marlin model 925 made in 2007, made in the New Haven CONN factory, before they moved operations to somewhere in New York. Not marked JM though. Also got an extra 7round magazine for it. Holds a one inch group at 30 yards every time, most accurate 22 I’ve ever picked up. And got it $20 cheaper than the new model XT that Academy carries, and with a scope. Once I got the scope zeroed in, it will put 20 shots in a group you can cover with a quarter.
If you have a newer Marlin, you can subtract the first two digits of the serial number from 2100, that will give you the year it was made. Mine starts with 93, that makes it a 2007 model. And it looked brand new when I got it. I found one scratch about 1/4 inch long on the forestock, the only mark on it. It was 13 years old and literally looked like it was taken out of the box last week. I thought it was new. The gun shop owner told me she thought someone bought it, put it in a closet for 10 or 12 years, and decided to sell it, never fired it. I think it was fired maybe 5 times. Barrel looked lie maybe a half dozen shots, very little unburned powder. Somebody also fired it and never cleaned it. I did. Before I ever fired it. And after.
The scope that was on it didn’t fit right, you had to lean forward to see through it. I swapped it with a Tasco I already had, an inch longer and a little better eye relief, and moved it back as far as the mounts would go, then moved the scope as far back in the scope mounts as it would go, works perfect now and the other scope went on the Remington pump 22 the Tasco was originally on. The scope may be the reason the original owner never fired it.
It will be interesting to see how this plays out. Ruger makes rifles in two different facilities, so they may move Marlin into to one of those factories. I would guess they go to the NC location.
I fear that Ruger will be killing off the accurate little Model 60 to help its 10-22. In general, I’ve found then to way outshoot the Ruger.
My testing has been informal, anecdotal and personal, and doesn’t prove a thing. But I’ve acquired 4 of the little .22s , and they’ve all been tackdrivers.
That said, the idea of a Micro-Groove barrel for the 10-22 really interests me. Barrelmaking has been the one art Ruger has yet to master,
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