![]() ![]() was declared the winning bidder for Remington's Bushmaster brand. Sportsman's Warehouse Inc., is getting the Tapco brand, court papers reveal. GET FOX BUSINESS ON THE GO BY CLICKING HERE JJE Capital Holdings LLC is buying H&R, Parker and several other firearms brands. will get part of Remington's weapons business, with a $30 million offer, while Roundhill Group LLC is paying $13 million for other elements of the firearms-manufacturing operation. of Missouri won the bidding on another part of Remington's ammunition business, with a $30.5 million offer, court papers show. ![]() The biggest buy revealed so far is Vista Outdoor Inc.'s purchase of Remington's Lonoke ammunition business, at $81.4 million. ![]() The COVID-19 pandemic and civil unrest have Americans stocking up on guns and ammunition, but Remington said it was short of funds, despite having erased hundreds of millions of dollars in debt in a 2018 bankruptcy.įILE - In this Mafile photo, a light advertising Remington products hangs from the ceiling at Duke's Sport Shop in New Castle, Pa. The Huntsville, Ala., company filed for chapter 11 bankruptcy protection in late July, saying it didn't have the cash to make weapons to satisfy demand for its products. The auction is the culmination of Remington's second bankruptcy of recent years. Bankruptcy Court in Decatur, Ala., to consider approval of the auction results. Lawyers for Remington haven't responded to requests to comment on the auction results, which were partially revealed Sunday in court filings. Sales of Remington's ammunition and weapons manufacturing business, the Remington brand and others will bring in at least $155 million to be applied against the company's debts. Gun maker Remington Outdoor will be broken up and sold after a multiday bankruptcy auction, in which seven different buyers won the bidding for parcels of the company's weapons and ammunition holdings. ![]()
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