Manufacturing & Industrial

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

Editorial Record

maintained by DeathbyPE. Every claim links to a public source.

Timeline

1816

Remington Arms founded

2007

Acquired by Cerberus Capital for $370 million

2020

Remington Arms — America's oldest gun maker (est. 1816) — broken up after Cerberus LBO

CriticalClosure / Bankruptcy

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 / After

Company status

reported 2020

before 200-year-old manufacturer

after Broken up and sold in pieces

-100%

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Tracked Locations

AZ · 1

1393 Main St

Phoenix, AZ 85001 · 555-441-1574

FL · 1

2828 Main St

Miami, FL 33101 · 555-622-2979

GA · 1

5029 Main St

Atlanta, GA 30301 · 555-524-4219

MN · 1

1331 Main St

Minneapolis, MN 55401 · 555-429-7721