Cumulative Growth of a $10,000 Investment in Stock Advisor, Sturm, Ruger to Acquire Remington's Marlin Firearms for $30 Million @themotleyfool #stocks $RGR $VSTO, Why Sturm, Ruger Stock Jumped 36.7% in 2020, If You Put $1,000 Into Sturm, Ruger Stock Last January, Here's How Much You'd Have Now, 4 Things to Expect from Sturm, Ruger & Company in 2021, Ruger Completes Marlin Firearms Acquisition, Copyright, Trademark and Patent Information. As his job titles suggest, John owns Marlin’s product vision and strategy and is responsible for all product design and development. With products made in America, Ruger offers consumers almost 800 variations of more than 40 product lines. I expect Ruger will invest in the Marlin because they have plenty of cash. RIMFIRE. Returns as of 02/05/2021. Sturm, Ruger, & Co. bought Marlin firearms JJE Capital Holdings LLC won DPMS, H&R, Stormlake, AAC and Parker brands Franklin Armory Holdings Inc. won Bushmaster brand and some related assets A United States Bankruptcy Court for the Northern District of Alabama approved the deal. After 20 years of patrolling the mean streets of suburbia, he hung up his badge and gun to take up a pen full time. For more than 70 years, Ruger has been a model of corporate and community responsibility. His coverage reflects his passion for motorcycles, booze, and guns (though typically not all exercised at the same time), but his writing also covers the broader sectors of consumer goods, technology, and industrials. Lever Action. (Does Marlin even make their .22 leverguns anymore?) Sturm, Ruger & Co., Inc. is one of the nation's leading manufacturers of rugged, reliable firearms for the commercial sporting market. 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. The other brands under the Remington banner have been sold off as well. By its own count, the Freedom Group sold 1.2 million long guns and 2.6 billion rounds of ammunition in the 12 months ended March 2010, the most recent year for which figures are publicly available. Many years later, I picked up a front half of a '39 for $120. The most popular color? The most common marlin firearms material is metal. The Company will pay the $30 million purchase price from cash on hand at the time of closing, … Ruger wants to get in on making lever action rifles and Marlin has long been well known for their lever guns. Reach Rich here. The gunmaker's assets are being auctioned off this week and on Monday, Vista Outdoor (NYSE:VSTO) won the bid for Remington's ammunition business, paying over $81 million. Although Congress enacted the Protection of Lawful Commerce in Arms Act to protect gunmakers from lawsuits for crimes committed by others, it carved out several exceptions, including knowingly violating federal or state laws on marketing of guns. Rhian Hunt grew up in a crowded Connecticut suburb before moving to Wisconsin, where he enjoys being an outdoorsman, relishing the struggle against mountainous snowfalls during the eternal-seeming winters and aerial armadas of mosquitoes over the summer. Imo Marlin is a perfect complement to the Ruger single action revolver line and Ruger stole it for $26M. The company is best known for the Model 99 lever-action rifle, no longer in production, and the .300 Savage.Savage was a subsidiary of Vista Outdoor until 2019 when it … With the Marlin Model 60, they’ve got the only .22 semiauto that could compete with the 10/22 for long-term sales, so yep, they’ve got that market pretty much nailed down now. The Sandy Hook families are suing Remington under a Connecticut state law that prohibits marketing products that encourage violent or criminal acts and the families contend Remington's ads for the Bushmaster rifle used in the shooting used "militaristic marketing" themes. Ruger CEO Chris Killoy said that they will … Ruger Accquires Marlin Firearms. Rich has been a Fool since 1998 and writing for the site since 2004. Stock Advisor launched in February of 2002. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. Once the transaction is completed, Ruger will transfer the Marlin assets to its own manufacturing facilities. The local J.C. Penney was closing out its sporting goods department, and I got it for $70. Or Marlin, Bushmaster, DPMS or several other gun and ammo makers. John is a seasoned business process change agent who leads a diverse team of developers, product managers, … Well you're in luck, because here they come. After Remington purchased Marlin in 2008, they became a part of Freedom Group, a private holding company which also controls Remington and Bushmaster. Classic Firearms was founded as Classic Arms in Indian Trail, NC in 1989. Ruger president and CEO Chris Killoy said in a statement, "The value of Marlin and its 150-year legacy was too great of an opportunity for us to pass up. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. I may not be able to respond to every suggestion, but I do read them all! Remington was forced into bankruptcy despite a booming firearms market because it had been saddled with substantial amounts of debt by its private equity owners and faced lawsuits from the families of victims of the 2012 Sandy Hook school shooting. For $26M Ruger is set up to dominate the lever market. The Freedom Group is allegedly owned by Cerberus Capital Management, which is allegedly a company under George Soros’ ownership. The purchase is being funded with cash on hand and the sale is expected to be completed in October. I’m excited about the prospect of Marlin finally being owned by a real-by-god firearms manufacturer. So follow along as he tries to break down complex topics to make them more understandable and useful to the average investor. Stock Advisor launched in February of 2002. Once the purchase is completed, the Company will begin the process of relocating the Marlin Firearms … A lifelong interest in writing led to first professional freelancing, then becoming a Motley Fool author. According to this rumor that’s currently circulating on Facebook, a business entity called the Freedom Group is taking over Marlin Firearms and other manufacturers. Marlin Firearms was previously owned by Remington Outdoor Company, which went bankrupt and was fully liquidated in September 2020. Think an article needs a correction? The rifles' sturdiness also allowed chambering in heavier calibers than many competing lever-action long guns. The Marlin Firearms brand -- a famous line of lever-action rifles, bolt-action hunting rifles, and .22 rimfire semi-automatic long guns -- became the property of Sturm, Ruger & Company (NYSE:RGR) as the final step in an acquisition that began earlier this year. Ruger Successfully Acquires Marlin Firearms From Remington. LEARN MORE. Remington firearms, ammunition, other Remington Outdoor brands, and all facilities and real estate are excluded from the Ruger purchase. The brand aligns perfectly with ours and the Marlin product portfolio will help us widen our already diverse product offerings.". Did you scroll all this way to get facts about marlin firearms? When the company received bankruptcy court approval for the acquisition on Sept. 30, Ruger CEO Chris Killoy noted that Marlin's brand "aligns perfectly with ours," and that "the Marlin product portfolio will help us widen our already diverse product offerings.". Market data powered by FactSet and Web Financial Group. XT Series; Model 60; Model 795; Resources. Imagine the engineering/equipment cost to build a resource like Marlin and then try to win some market share. Savage Arms is an American gunmaker based in Westfield, Massachusetts, with operations in Canada.Savage makes a variety of rimfire and centerfire rifles, as well as Stevens single-shot rifles and shotguns. If Ruger can produce quality Marlin lever-action rifles -- a task presumably made easier by the painstaking technical drawing, research, and development Remington carried out a decade ago -- it may add an additional revenue source to its current fast-paced sales. Instead of tooling up, buying machines, paying design engineers, going thru the testing, and paying to expand the production facilities to accommodate all the necessary equipment to buy a company already set up and ready to produce is a much safer investment. The bones of bankrupt Remington Arms continue to be picked clean as Sturm, Ruger (NYSE:RGR) announced it was acquiring the gunmaker's Marlin Arms for $30 million. Rhian studied Business Economics and Microeconomics at the University of Wisconsin. MADISON, N.C. – Remington Arms Company, Inc. (“Remington” or “ the Company”) the only manufacturer of both firearms and ammunition for Hunting, Law Enforcement/Security, Government & Military applications in the United States, today announced it has entered into a definitive agreement to acquire Marlin Firearms Company, Inc. (“Marlin”). Contact Rich here. THE CLASSIC AMERICAN LONG GUN. Marlin's quality suffered after its initial 2010 acquisition by Remington Outdoor; much original manufacturing information was lost when Remington declined to hire Marlin's experienced personnel for its facilities. Roundhill Group, LLC is the Successful Bidder of the Non-Marlin Firearms Business and Inventory; and Huntsman Holdings, ... I’m one of many thousands who own the Marlin 336 in .30-30. Customer Service; Marlin Firearms was previously owned by Remington Outdoor Company, which went bankrupt and was fully liquidated in September 2020. Freedom Group came onto the scene in 2007, when Remington itself was purchased by … Returns as of 02/05/2021. Market data powered by FactSet and Web Financial Group. Ruger Successfully Acquires Marlin Firearms From Remington In a press release on September 30th Ruger president and CEO Chris Killoy said in regards to the acquisition of Marlin: “The brand aligns perfectly with ours and the Marlin product portfolio will help us widen our already diverse product offerings.” LEARN MORE. The other brands under the Remington banner have been sold off as well. Now its confirmed, Remington Outdoor Company accepted an offer from Ruger to pay $30 million to purchase Marlin. Have a story idea? Product manager John Fink noted Remington's workers "had never built lever-action rifles before, so there was a learning curve," as reported by Shot Business. Remington has accepted the offer and the bankruptcy approved the sale. Sturm, Ruger & Company, Inc. announced today that its offer to purchase substantially all of the Marlin Firearms assets was accepted by Remington Outdoor Company, Inc. and approved by the United States Bankruptcy Court for the Northern District of Alabama. Summary of eRumor: Marlin Firearms is closing because a company owned by billionaire George Soros called the Freedom Group purchased Marlin … There are 216 marlin firearms for sale on Etsy, and they cost $23.88 on average. Marlin Firearm Collectors Association; LEVER ACTION. Marlin's lever-action rifles became popular with the rising use of scopes in the last two decades of the 20th century, with their side ejection making scope mounting easier. As was noted on AllOutdoor, Ruger has acquired Marlin, which is terrific news for the lever gun enthusiast. MARLIN Marlin 1894 10RD Cowboy Lever-Action Rifle BLUED $1,349.99.45 COLT (.45 LONG COLT) LEVER ACTION 10 ROUNDS 20 BARREL NOT SPECIFIED LBS. Cumulative Growth of a $10,000 Investment in Stock Advisor, Ruger Completes Marlin Firearms Acquisition @themotleyfool #stocks $RGR, Why Sturm, Ruger Stock Jumped 36.7% in 2020, If You Put $1,000 Into Sturm, Ruger Stock Last January, Here's How Much You'd Have Now, 4 Things to Expect from Sturm, Ruger & Company in 2021, What a Biden Presidency Means for the Firearms Industry, Copyright, Trademark and Patent Information. The first gun I bought for myself, back in 1969, was a Model 39. Thousands of what many firearm enthusiasts consider to be subpar rifles were made between 2010 and 2014, damaging Marlin's reputation. When the Supreme Court refused to stop the lawsuit from proceeding, there was little choice left but for Remington to seek protection from the bankruptcy courts. In a press release on September 30th Ruger president and CEO Chris Killoy said in regards to the acquisition of Marlin: “The brand aligns perfectly with ours and the Marlin product portfolio will help us widen our already diverse product offerings.” Many of you were wondering what would come of the … The bones of bankrupt Remington Arms continue to be picked clean as Sturm, Ruger (NYSE:RGR) announced it was acquiring the gunmaker's Marlin Arms for $30 million. In Ruger's latest press release, CEO Killoy says the company looks "forward to reintroducing Marlin rifles in the latter half of 2021." The long answer is that Cerberus owns Freedom Group, which owns … As a consequence of Remington’s July 2020 bankruptcy, the Marlin business was sold to Ruger for $30 million. You guessed it: silver. A bankruptcy court judge has approved the sale of Remington's non-Marlin firearms business, including its gun factory in Ilion, to Roundhill Group LLC. 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