Remington Arms
Cerberus 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.
- FOUNDED
- 1816
- ACQUIRED
- Cerberus Capital, 2007, $370 million
- IMPACTS
- 1 documented
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Editorial Record
maintained by DeathbyPE. Every claim links to a public source.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
CriticalClosure / BankruptcyCerberus 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
Before / After
Company status
reported 2020
before 200-year-old manufacturer
after Broken up and sold in pieces
-100%
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