On the record · Other
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.
Also known as Remington Outdoor Company
Research depth
Outcomes researched
Reviewed operating findings or a classified operating outcome are available.
Record updated Sept. 4, 2026
Current ownership
Current owner not established
This record does not identify a current owner. That absence is a gap in the record, not a conclusion about ownership.
1 ownership record has an unresolved current/former status.
Ownership and transaction history
Chronology from recorded ownership periods, transactions and reviewed outcome events. Event order does not imply causation.
July 27, 2020
Operations ceased
Operating outcome
May 1, 2021
Revival or successor activity recorded
Operating outcome
Date not recorded
What happened under and after ownership
Operating outcome
Ceased operations, then returned
Remington Outdoor Company filed Chapter 11 on July 27, 2020, and was broken up at auction, sold in pieces to seven separate buyers.
Roundhill Group bought the firearms manufacturing assets and formed RemArms, which returned 230 employees to the Ilion, New York plant in May 2021 to resume production.
Remington ammunition is now owned by CSG's Kinetic Group, bought from Vista Outdoor in November 2024; RemArms continues firearms manufacturing separately.
- Founded
- 1816
- Sponsor at closure
- Creditor group led by Franklin Templeton and JPMorgan Asset Management
- Bloomberg · 2020 · Chapter 11 filing date, July 27, 2020
- Fox Business · seven-buyer breakup at bankruptcy auction
- Outdoor Life · Roundhill Group formed RemArms, 230 employees returned to the Ilion plant in May 2021
- Vista Outdoor investor relations (company primary) · 2024 · CSG (Kinetic Group) acquisition of Remington Ammunition and other Vista Outdoor ammunition brands closed November 27, 2024, for $2.225 billion
- Bloomberg · Remington's 2018 Chapter 11 filing was driven by debt from the Cerberus-era leveraged buyout; Cerberus gave up its equity stake in that restructuring
- CBS News · Remington exited the 2018 bankruptcy owned by former creditors including Franklin Templeton and JPMorgan Asset Management, replacing Cerberus as controlling own
What we do not know
These are gaps in the public record, not findings about the organization.
- No current public ownership assessment has been published.
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