Springfield XD Forum banner
1 - 5 of 5 Posts

·
Registered
Joined
·
3,788 Posts
Discussion Starter · #1 ·

Sturm, Ruger & 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."
 

·
Registered
Joined
·
29,864 Posts
Well...Ruger never could make a lever gun that stick around, so...maybe this will work?
 

·
Registered
Joined
·
17,808 Posts
I hope they bring back the Marlin Camp Rifle
 

·
Registered
Joined
·
18,867 Posts
Good for Ruger, they're very good manufacturers and operationally solid. The very traits Marlin has lacked over the years so I wouldn't be surprised if very shortly we're seeing Marlin guns with solid quality coming out of the Ruger facilities.

The best part of that announcement is they're not buying the Marlin assets and leaving the production in the current facilities but moving everything to the Ruger facilities. A workforce that is accustomed to producing shoddy products tends to produce shoddy products regardless of what new management does (not always of course). The Ruger guys make quality products (quality being defined as repeatable, not withstanding design criteria), moving the Marlin product to that work force is a smart move.
 
1 - 5 of 5 Posts
Top