Remington Arms
PE-Owned1 Documented ImpactCerberus acquired America's oldest gun manufacturer (founded 1816) in 2007 via LBO. Loaded with debt, filed bankruptcy in 2018 and again in 2020, ultimately broken up and sold in pieces. ~3,500 jobs lost.
Ownership Information
Remington Arms is owned by Cerberus Capital. Private equity ownership often leads to cost-cutting, price increases, and reduced quality of service as firms prioritize returns for investors over customers and employees.Learn more about PE ownership impact →
Timeline
Remington Arms founded
Acquired by Cerberus Capital for $370 million
Remington Arms — America's oldest gun maker (est. 1816) — broken up after Cerberus LBO
Cerberus acquired Remington in 2007, loading debt onto America's oldest gun manufacturer. Filed bankruptcy in 2018 and again in 2020, ultimately broken up and sold in pieces. 200+ years of American manufacturing history ended. ~3,500 jobs lost.
Remington, Centuries-Old Gun Maker, Files for Bankruptcy Again
New York Times →Before vs. After PE Acquisition
Company status
Reported 2020
Before PE
200-year-old manufacturer
After PE
Broken up and sold in pieces
↓ 100%
Community Reviews
Share your experience →Tracked Locations
AZ (1)
Phoenix
1393 Main St
Phoenix, AZ 85001
555-441-1574
FL (1)
Miami
2828 Main St
Miami, FL 33101
555-622-2979
GA (1)
Atlanta
5029 Main St
Atlanta, GA 30301
555-524-4219
MN (1)
Minneapolis
1331 Main St
Minneapolis, MN 55401
555-429-7721