Posted on 12/27/2007 4:44:54 PM PST by Rb ver. 2.0
Madison, NC based Remington Arms Co. Inc. will acquire Marlin Firearms Co. in a deal that brings together two firearms companies founded in the 19th century that serve a range of customers from police to hunters.
Remington manufactures guns and ammunition for hunting, law enforcement, security, government and the military.
Marlin, which is based in North Haven, manufactures long guns, including shoulder arm designs and lever action rifles. Marlin's lever action .22 repeater, now the Model 39, became the favorite of many exhibition shooters, including Annie Oakley.
Frank Kenna III, chairman of Marlin, said finding a buyer for the 83-year-old family-run business is an important next step for the company, which was established in 1870.
"We knew it was time to find the right partner for Marlin to ensure our brands maintain their leadership positions and move into the next century," he said.
Marlin also owns Harrington and Richardson, New England Firearms and LC Smith brands of rifles and shotguns.
Under the agreement, Robert Behn will remain president of Marlin. The deal is expected to close in January. Terms were not disclosed.
deeper pockets make bigger targets, though.
Follows S&W buying Thompson Center, and licensing Walther.
Surprising it didn’t happen long ago. Marlin makes cheap and excellent 22s.
NEW YORK (Reuters) — Private equity firm Cerberus Capital Management will buy closely held firearms maker Remington Arms for $118 million, the companies said Thursday.
As part of the acquisition of Remington, which makes guns for hunting and for police and military uses, Cerberus has agreed to assume $252 million of debt, including a revolving credit line and subordinated notes.
I love my Marlin Model 60 for plinking.
Have killed many tin cans with my 22.
My first .22 was a Marlin saddle gun; cherry stock and micro-grove rifling.
Reminton is owned by Cerberus who also bought DPMS, Bushmaster, and Cbb. Now add H&R, NEF and Marlin to Remington and that is A LOT of mfgs under one corp!
I had a Marlin Model 336 lever action years ago and it never failed me.
Cbb = Cobb
So, my Marlins are now Remmington and my TC’s are now S&W’s.
I bought a Marlin 30-30 years ago. I love that gun, it is an excelent deer rifle.
I have both Remington and Marlin in my inventory, fine firearms, not sure I like having Cerberus as a steward of those companies.
Kicks like a mule too. :)
Excellent first rifle and grownups don’t mind practicing shooting skills with it from time to time when the 30 cal is just too much noise, recoil, and expense all the time.
I’ll never forget my Marlin Super Goose. 10 ga.....Bolt action. OUCH!!!
I couldn’t find the date but just found out that acquisition was in April of this year.
Winchester Repeating Arms Company in New Haven went out last year. Sad to lose these jobs and the tradition of century old rifle manufacturing in Connecticut.
Anyone know anything about Cerberus Capital Partners, the parent company? Apparently they are picking up another chunk of the long gun market share by this transaction.
I got one also because I always wanted one. The barrel gets hot enough to fry an egg after two rounds and boy does it kick. But it’s not going away.
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