"Bankrupt Remington gets $65m offer for ammo business-" Topic
7 Posts
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| Tango01 | 03 Oct 2020 10:19 p.m. PST |
…and the bidder might surprise you "As long-time firearms and ammunition manufacturer Remington begins to split itself apart amidst what may be its final bankruptcy, a new -albeit familiar- challenger may have stepped up to purchase the munitions side of the house. Columbia, SC-based private equity firm JJE Capital Holdings LLC recently submitted a $65 USD million initial bid for its ammunition business, paving the way for an auction to take place in the near future. While the financial business may have no household-name recognition to many, it is the parent company to Palmetto State Armory, which has been in the business of making affordable firearms and firearms parts kits that range in quality from entry-level to premium…"
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Garryowen  | 04 Oct 2020 6:44 a.m. PST |
I was afraid it was going to be the ChiComs. (Gulp) Tom |
| Shagnasty | 04 Oct 2020 7:51 a.m. PST |
Sad to see an American icon fail. Agree that it is far better to see a real US firm take over. |
| bjporter | 04 Oct 2020 8:45 a.m. PST |
JJE Capital did not end up with the high bid. Federal ended up with the high bid. |
| Tango01 | 04 Oct 2020 3:13 p.m. PST |
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| skipper John | 05 Oct 2020 6:34 a.m. PST |
I wish they would get back to makin the stuff! |
| Tango01 | 05 Oct 2020 12:06 p.m. PST |
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decides on hills for his Team Yankee project.