On September 27th, the US Bankruptcy Court for the Northern District of Alabama Northern Division Field posted a notice of successful bidders for the assets of the Remington Outdoor Company.

There’s a lot of information so we’ve put the successful primary and backup bidders in bold and the Remington business in italics.

• Vista Outdoor, Inc. as the Successful Bidder pursuant to the terms of the Asset Purchase Agreement…with respect to the Lonoke Ammunitions Business* and certain IP assets; and SIG Sauer, Inc. as the Backup Bidder thereto pursuant to the terms of the Asset Purchase Agreement…with respect to the Lonoke Ammunitions Business;

• Roundhill Group, LLC** as the Successful Bidder pursuant to the terms of the Asset Purchase Agreement…with respect to the non-Marlin Firearms Business; and Huntsman Holdings, LLC and Century Arms, Inc. as the Backup Bidders thereto pursuant to the terms of the Asset Purchase Agreement…with respect to certain Firearms Business IP assets certain non-Marlin Firearms Business inventory, respectively;

• Sierra Bullets, L.L.C. as the Successful Bidder pursuant to the terms of the Asset Purchase Agreement…with respect to the Barnes Ammunitions Business; and Barnes Acquisition LLC as the Backup Bidder thereto pursuant to the terms of the Asset Purchase Agreement…with respect to the Barnes Ammunitions Business;

• Sturm, Ruger & Company, Inc. as the Successful Bidder pursuant to the terms of the Asset Purchase Agreement…with respect to the Marlin Firearms Business; and Long Range Acquisition LLC as the Backup Bidder thereto pursuant to the terms of the Asset Purchase Agreement…with respect to the Marlin Firearms Business;

• JJE Capital Holdings, LLC*** as the Successful Bidder with respect to the DPMS, H&R, Stormlake, AAC, and Parker brands;

• Franklin Armory Holdings, Inc., or its designated assignee, as the Successful Bidder with respect to the Bushmaster brand and certain related assets; and

• Sportsman’s Warehouse, Inc. as the Successful Bidder with respect to the Tapco brand.

There is a hearing scheduled for 29 September to approve the those bids.

* Lonoke Ammunitions Business is Remington ammunition

** Roundhill Group, LLC specializes in real estate development.

*** JJE Capital Holdings, LLC owns Palmetto State Armory

This entry was posted on Monday, September 28th, 2020 at 13:00 and is filed under Industry. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.