Remington's Bankruptcy Sale (Formerly the PSA thread)

Discussion in 'General Firearms Discussion' started by TNTRAILERTRASH, Sep 23, 2020.

  1. TNTRAILERTRASH

    TNTRAILERTRASH Supporting Member

    PSA is trying to buy Remington Ammo for $65 million! Lots of other neat stuff in this edition of TGC News.
     
    fatal-bert33 likes this.
  2. ajole

    ajole Supporting Member

    34,611
    10,923
    NE Utah
    That would be an interesting development.
     

  3. undeRGRound

    undeRGRound ROLL wif Da MOLE! Supporting Member

    25,296
    1,524
    INDY
    It will be a done deal, unless someone else places a better offer...
    PSA buying Remi. Actually it is the parent corp JJE which owns all PSA corporations.
     
  4. I didn't know that PSA was that large of a company with those kinds of assets.
     
  5. Think1st

    Think1st Supporting Member

    8,944
    2,439
    Florida
    I am amazed at the aggressive moves PSA has been taking, from manufacturing a diverse range of AR and AK platforms to their one Gen 3 Glock knock-off. When I first started dealing with them, they were just a place to order some ammo at decent prices and other firearms and accessories.

    I used to live a matter of blocks from one of their brick-and-mortar stores in Columbia, and when I was in there one day, a customer was asking for a traditional bolt-action hunting rifle, to which the counter guy responded that they were moving into the tactical rifle-only model. They were making big changes a while back.

    There was a stretch where they were getting really sloppy with their order fulfillment, and that most likely had to do with growing pains associated with their expansion, but they've really put some work into professionalizing their operation.

    I hope this works out for them and that they aren't getting to far out over their skis. They've been bringing a lot to the gun community, and I'd like to keep them in that game.
     
  6. undeRGRound

    undeRGRound ROLL wif Da MOLE! Supporting Member

    25,296
    1,524
    INDY
    AND WE NEED MORE MFG AND GUN Corporations in FREE STATES, not Commie States!! South Carolina is good to go, for now...
     
    Edknn, Think1st and 1024Megabytes like this.
  7. Rachgier

    Rachgier Administrator Staff Member

    You do realize that Remington moved 90% of its operations and HQ out of NY and Conn. years ago, right? How about the fact that ALL of their ammunition is manufactured in Arkansas? HQ in North Carolina? Brand new-ish facilities in Alabama and Kentucky?

    YOU need to lay the hell of the rhetoric and do some research.
     
    CamoDeafie likes this.
  8. ajole

    ajole Supporting Member

    34,611
    10,923
    NE Utah
    You do realize, it could have been taken as a generalized statement, not specific to PSA or Remington, right?
     
    undeRGRound, Think1st and Visper like this.
  9. Rachgier

    Rachgier Administrator Staff Member

    It's mole. Do you really think he researched the locations of firearms manufacturers to know where they're located?
     
  10. ajole

    ajole Supporting Member

    34,611
    10,923
    NE Utah
    No....and that’s why it’s a generalized statement. ;)
     
    undeRGRound, Edknn and Think1st like this.
  11. Rachgier

    Rachgier Administrator Staff Member

    Hence my educational statement suggesting he do more research...
     
  12. undeRGRound

    undeRGRound ROLL wif Da MOLE! Supporting Member

    25,296
    1,524
    INDY
    Hence you need to talk nicer to people... I'm HOPING MagPul actually did leave
    But did not verify that. I knew that Freedom Group* moved south, FYI. I'm talking
    about Free States building up and Commie States losing our business. My beloved
    S&W is still in Mass-holes which is troubling, but they are still going strong.

    Generally, the move to Free States is strong, but we'd all be better off if it keep on rolling!

    @Rachgier :p
     
  13. Rachgier

    Rachgier Administrator Staff Member

    Good gravy, you're out of date! Freedom Group doesn't exist and became Remington Outdoor Company before acquiring and shutting down DPMS. (Small reason I'm so stoked that I got an original DPMS Full BCG for the LR308.)

    Magpul bailed on CO as soon as the mag cap law came in to existence.

    Savage builds 300k rifle a year in a Canada, good luck getting them out of there or Mass.

    Ruger has plants in NH, NC, and AZ but you'll never get them to leave Connecticut.

    Winchester and Browning are just extensions of FN anymore and built in the US and Europe.

    And when have you ever known me to speak more politely than this?
     
  14. undeRGRound

    undeRGRound ROLL wif Da MOLE! Supporting Member

    25,296
    1,524
    INDY
    Yes, this is as Good as it Gets!

    :rotfl:
     
    Rufus Nathaniel REDD likes this.
  15. cicpup

    cicpup Resident PITA Supporting Member

    15,834
    5,595
    Vermont
    He's been a bit grumpy lately. It has a lot to do with his sub-par housing. The place he was living in had some nice, if a bit aged and weathered, trim. It was in every room and it gave the place a comfy feel. Even if he didn't realize it. But he had to move and his new place has no trim. Not inside or out. None what so ever. It leaves him feeling unsatisfied. Good news is he's planning a move to Texas and his new place has some very fine trim. Real high quality. Expensive Redwood, or so I've heard. So once he gets settled in and starts enjoying his new home with the exquisite trim we should notice a significant change in attitude.
     
    fatal-bert33 and undeRGRound like this.
  16. undeRGRound

    undeRGRound ROLL wif Da MOLE! Supporting Member

    25,296
    1,524
    INDY
    :rotfl:

    I don't even know the particulars but the possible double entendre is massive
    ;)
     
  17. Think1st

    Think1st Supporting Member

    8,944
    2,439
    Florida
    Dude. You just got played. You did all of the research for @undeRGRound . Now, he doesn't have to do it.

    Said UG to you:
    VioletAcrobaticHound-size_restricted.gif
     
    undeRGRound likes this.
  18. undeRGRound

    undeRGRound ROLL wif Da MOLE! Supporting Member

    25,296
    1,524
    INDY
    ;)
     
  19. OldOutlaw

    OldOutlaw Supporting Member

    Wall Street Journal announced 9/9/2020 the $65 Million sale agreed to, subject to higher offers while in Bankruptcy Court. JJE Capitol Holdings would also assume ALL DEBT.
    Gonna have to see what the Judge thinks before this is over.
     
  20. ajole

    ajole Supporting Member

    34,611
    10,923
    NE Utah
    I was going to say something....but then he said this....

    And that’s when I realized he literally had no clue at all.

    My bad, Rach. That’s what I get for giving a guy the benefit of the doubt.
     
    Rachgier likes this.