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Posts Tagged ‘Remington Outdoor Company’

Remington Outdoor Company Appoints John Flanagan as Chief Financial Officer

Sunday, July 1st, 2018

Huntsville, AL – Remington Outdoor Company (“ROC”), one of the world’s leading designers and manufacturers of firearms, ammunition, and related products, has appointed John Flanagan as Chief Financial Officer

Mr. Flanagan has over 23 years financial experience and over five years of industry experience.  Mr. Flanagan is an innovative leader that achieved exceptional results in rapid growth environments that demand continuous improvement.  Most recently, Mr. Flanagan was the CFO for AcuSport Corporation, a leading distributor of outdoor and shooting sports products.  Prior to that, he was the CFO for Bunn-O-Matic Corporation.

“We are excited to have John join the company as we continue to transform the future,” said Anthony Acitelli, Chief Executive Officer and Chairman of the Board.  “His hands-on experience in financial management, strategic leadership and broad background including domestic and international experience within the manufacturing, distribution, retail, consumer products and service industries will play a key role in accelerating our efforts.”

Mr. Flanagan holds a Master of Business Administration from Cleveland State University Graduate School of Business and a Bachelor’s degree in accounting from John Carrol University. He also maintains a CPA license.

TacJobs – Remington Outdoor Company Seeking Senior Web Designer

Sunday, June 24th, 2018

Huntsville, AL –  Remington Outdoor Company is seeking a Senior Web Designer to join the ROC team.  Our team is dedicated to delivering high-quality products to our valued customers and dedicated to demonstrating our two core principles, passion for precision and pride in craftsmanship.”

The Senior Web Designer is responsible for strategizing, implementing and managing all design and maintenance activities required to support ROC Websites, ecommerce and web-based software.  This position is responsible for maintaining the day-to-day functions of all website properties and conducts necessary troubleshooting.  A qualified candidate would be knowledgeable in the latest web trends and key principles needed to design and maintain websites as it relates to responsive design, UI/UX and SEO.  The candidate should be experienced in a variety of content management systems and ecommerce platforms.  For a full job description and a complete list of required skills click here.

Remington offers a comprehensive and competitive benefits package.

Remington Outdoor Company Appoints Anthony Acitelli as Chairman of the Board

Monday, June 11th, 2018

Huntsville, AL – The Board of Directors of Remington Outdoor Company (“ROC”), one of the world’s leading designers and manufacturers of firearms, ammunition, and related products, has appointed Anthony Acitelli as Chairman of the Board effective immediately.

Mr. Acitelli is a respected industry veteran with twenty plus years of leadership experience.  Mr. Acitelli currently serves as the Chief Executive Officer of ROC.  In addition to successfully leading sales and marketing organizations, Mr. Acitelli most recently served as CEO of Taurus Holdings.

Mr. Acitelli, CEO and Chairman of the Board, concluded, “I want to thank the board for their support and leadership as we transition and look to the future of our business and brands.  We will continue to deliver high-quality products to our valued customers and demonstrate our two core principles, passion for precision and pride in craftsmanship.”

Mr. Acitelli holds a Master of Business Administration from Thunderbird Global School of Management and a bachelor’s degree in Finance from the University of South Florida.

www.remington.com

Remington Outdoor Company Successfully Emerges From Chapter 11

Thursday, May 17th, 2018

Significantly Reduced Debt Load and Interest Expense Continued Focus on Revitalization

Madison, NC – May 16, 2018 – Remington Outdoor Company (“Remington” or “the Company”), one of the world’s leading designers and manufacturers of firearms, ammunition, and related products, announced today that it has emerged from Chapter 11 after successfully implementing its plan of reorganization (“the Plan”) previously confirmed by the Delaware bankruptcy court on May 4, 2018.

The Plan provides a comprehensive balance sheet restructuring of the Company and converts over $775 million of the Company’s debt into equity. In addition, the Plan provides the Company with a new Asset Based Loan (“ABL”) facility of $193 million, the proceeds of which will refinance its prior ABL facility in full, a new $55 million First-In, Last-Out Term Loan and a new $100 million Term Loan. As an integral part of the Plan, all trade and business claims are unimpaired and will be addressed in the Company’s normal course of business. The Plan received support from over 97% of the voting Term Loan Lenders and all of the voting Third Lien Noteholders.

As provided in the Plan, all shares of Remington’s common stock issued prior to the commencement of Remington’s bankruptcy proceeding were cancelled upon emergence, and Remington has issued new shares of common stock and, in some cases, warrants, to the holders of its previously outstanding funded debt in return for their allowed claims against Remington. The term of Remington’s previous Board of Directors expired upon emergence and a new Board of Directors shall be appointed immediately.

“It is morning in Remington country,” said Anthony Acitelli, Chief Executive Officer of Remington. Mr. Acitelli continued, “We are excited about the future – producing quality products, serving our customers, and providing good jobs for our employees.”

Remington’s legal counsel is Milbank, Tweed, Hadley & McCloy LLP, its investment banker is Lazard Freres & Co. LLC, and its financial advisor is Alvarez & Marsal. The Term Loan Lenders’ legal counsel is O’Melveny & Myers LLP and their investment banker is Ducera Partners LLC with M-III Advisory Partners, LP also advising the Term Loan Lenders. The Third Lien Noteholders’ counsel is Willkie Farr & Gallagher LLP and their investment banker is Perella Weinberg Partners LP.

Court filings and claims information may be accessed at cases.primeclerk.com/remington

www.remingtonoutdoorcompany.com

Remington Outdoor Company and Buck Knives Announce Cutlery Partnership

Thursday, January 19th, 2017

Huntsville, AL – Remington Outdoor Company is pleased to announce today that Buck Knives is now the official licensee of Remington cutlery.

“The team at Remington Arms Co. is humbled by the opportunity to partner with an industry icon like Buck Knives. The history, quality and American tradition of Buck Knives is deeply engrained in the minds of sportsmen and sportswomen everywhere,” said Jordan Davis, VP of Marketing & Business Development of Remington. “We are excited to have our name associated with such quality cutlery, and look forward to a great partnership with Buck over the years to come. We know and trust the folks at Buck will do great things with the Remington brand as part of their portfolio of exceptional products.”

“Remington has been building dependable products everyday hunters can both afford and rely on for 200 years. In fact, the Remington 1100 in 20 GA. was my first shotgun,” said CJ Buck, CEO and Chairman of Buck Knives, Inc. “Their commitment to consumer value is what we live and breathe here at Buck Knives, and it will be our honor to bring that same dedication to the opportunities licensing the Remington brand presents for both Buck Knives and Remington.”

www.remington.com