![]() Ruger got the Marlin firearms business.Now Remington's guns and ammunition businesses has been sold off to various bidders: Remington has faced financial hurdles that have made it difficult to benefit from the current industry growth, including a debt load it inherited from its private-equity owners and lawsuits brought against it by families in the wake of the 2012 Sandy Hook Elementary School shooting. Throughout the summer, adjusted FBI checks were doubling, and though the rates have eased up as reported incidents of violence have scaled back, demand for firearms is still growing at a heady pace. That's a much more sensible purchase, and it should help the gunmaker continue to grow sales. Sturm, Ruger ( NYSE:RGR) was recently reported as being in the running to buy the ammunition business of bankrupt gun manufacturer Remington, a move that would have been a dramatic departure for the pure-play firearms maker.Īlthough there was some sense to becoming vertically integrated in the current environment, as the firearms industry is seeing an unprecedented increase in demand, Ruger has always been a company that stays in its lane and does what it knows best.Īs it turns out, what Ruger really wanted from Remington was its Marlin Firearms business, which it agreed to pay $30 million for. I may not be able to respond to every suggestion, but I do read them all! Think an article needs a correction? Reach Rich here. So follow along as he tries to break down complex topics to make them more understandable and useful to the average investor. His coverage reflects his passion for motorcycles, booze, and guns (though not enjoyed all at the same ually), but his writing also covers the broader sectors of consumer goods, technology, and industrials. Having made the streets safe for Truth, Justice, and Krispy Kreme donuts, he now patrols the markets looking for companies he can lock up as long-term holdings in a portfolio. ![]() ![]() After 20 years of patrolling the mean streets of suburbia, he hung up his badge and gun to take up a pen full time. Rich has been a Fool since 1998 and writing for the site since 2004. ![]()
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