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.

Company status

Before

200-year-old manufacturer

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After

Broken up and sold in pieces

Change

-100%

Sources

Remington, Centuries-Old Gun Maker, Files for Bankruptcy Again

New York Times

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