Remington to sell off all or part of the company as part of the liquidation. It seems Palmetto State Armory is one to have bid $65 million.
According to the video firms have until 9/19/20 to bid. And then creditors have to approve the buyer. It'd be interesting if PSA is the buyer but it far from a done deal at this point.
Here is some of the latest info:
QuoteRemington Asset Bids Revealed: Ruger Gets Marlin, Vista Gets Remington Ammo, Franklin Armory Gets Bushmaster, Sierra Gets Barnes
https://www.thetruthaboutguns.com/remington-asset-bids-revealed-ruger-gets-marlin-vista-gets-remington-ammo-franklin-armory-gets-bushmaster/?fbclid=IwAR3DG6M_9s7rKfZj2l5ZgmQjSS7L3wIqzcbVG0mbEUw3-G2DxcNSQ6Fjhqk#comments (https://www.thetruthaboutguns.com/remington-asset-bids-revealed-ruger-gets-marlin-vista-gets-remington-ammo-franklin-armory-gets-bushmaster/?fbclid=IwAR3DG6M_9s7rKfZj2l5ZgmQjSS7L3wIqzcbVG0mbEUw3-G2DxcNSQ6Fjhqk#comments)
So the truly large civilian ammo companies left will be the Federal/Vista/Speer +Remington conglomerate and Winchester? Maybe Hornady fits in that group.
Ruger owning Marlin doesn't reconcile in my brain. Ruger has made some classy guns using modern techniques but their forte has been guns that pushed the envelope. Marlin has made classy guns using pre-WWII technology, that took a while to translate at Remington resulting in a few years of "Remlins". But allegedly they had unscrewed themselves in recent years. Maybe Ruger can use their casting methods to make 336/1894/1895 actions better. Ruger isn't afraid of fancy wood or polymer stocks, that might bode well. Ruger already has a full gamut of .22 guns so I don't see them making most of Marlin's .22 designs.
The disposition of Barnes, H&R, DPMS, Bushamster, AAC and Tapco looks like someone rolled Dungeons and Dragons dice to decide who's what went where.
I don't know a good business reason for Ruger to keep it, but I hope they do keep the Model 60. I get that the 10/22 is almost certainly a superior semi-auto 22 LR, but the Model 60 was my first rifle, and I have a soft spot for them.
Beyond that, Marlin is really gonna bring lever guns to Ruger, and Ruger will bring better manufacturing techniques to Marlin.
I hear ya I still enjoy the Model 60, great shooter!
Quote from: sqlbullet on September 30 2020 08:58:18 AM MDT
I don't know a good business reason for Ruger to keep it, but I hope they do keep the Model 60. I get that the 10/22 is almost certainly a superior semi-auto 22 LR, but the Model 60 was my first rifle, and I have a soft spot for them.
Beyond that, Marlin is really gonna bring lever guns to Ruger, and Ruger will bring better manufacturing techniques to Marlin.
Mine too.
I really need to get another one.
Sent from my iPhone using Tapatalk Pro
+1 on the Marlin model 60 being my 1st 22 lr. I've still got it although its in pretty sad shape after all these years.
Nostalgia runs deep so a new model 60 was first firearm I bought for my son when he was just starting out too.
I too hope they keep it in production.
My first repeating .22 was a Model 60 and it would out shoot the one 10/22 I've owned. It would not outshoot my 77/22 or my Ruger Precision Rimfire Rifle.
I imagine Ruger will keep the lever action Marlins and anything else that doesn't directly compete with a current Ruger product. I can't see them putting much effort into a semiauto or bolt action .22 rifle.
I recently saw a store with plain Jane 10/22 rifles for @$160. Not sure what model 60's are/were going for these days but I'd bet that price is competitive.
Quote from: Rick R on October 01 2020 08:06:50 PM MDT
I recently saw a store with plain Jane 10/22 rifles for @$160. Not sure what model 60's are/were going for these days but I'd bet that price is competitive.
That's an interesting question.... In the crazy world we live today where all firearms are much higher than normal, a quick check of the web shows a new base model in by both manufactures can be found for $250 to $300 range. As one would expect the Ruger has a much higher range for all the different flavors but base model to base model, they're close.
Quote from: sqlbullet on September 30 2020 08:58:18 AM MDT
I don't know a good business reason for Ruger to keep it, but I hope they do keep the Model 60. I get that the 10/22 is almost certainly a superior semi-auto 22 LR, but the Model 60 was my first rifle, and I have a soft spot for them.
Beyond that, Marlin is really gonna bring lever guns to Ruger, and Ruger will bring better manufacturing techniques to Marlin.
I've seen this business model before. KTM has bought both Husqvarna and now Gas Gas.
It may just be a simple matter of economics. lets say that brand M gets bought by brand R. Brand R knows how many people by brand M. So, instead of just making X number of brand R's to sell, they can also make X number of brand M's to sell. Maybe even reduce their costs by buying raw materials in larger amounts.
The best part of the KTM acquisition of Husky didn't materialize until many years later. SWM bought the dormant Husky factory in Italy and is now making the old Husky 510 with a different label and few tweaks like fuel injection. The bike is a bargain price to, given the level of performance you get.
Maybe we will get a present like that from these mergers in 5-6 years.
Most that I know are curious as to why Huskies were never the same price as the KTM's. They are essentially the same.