Remington’s quality slipped over time and it was never able to get out from the debt that Cerberus had borrowed. The short version is that Cerberus Capital Management, the owner of Remington at the time, mismanaged the company and saddled it with high-risk loans. The story of that bankruptcy is a complicated one, which the New York Times covered in an investigation in 2019 after Remington went bankrupt the first time. It’s important to note that Bushmaster is no longer owned by Remington, and that Remington Ammunition is not involved in the lawsuit.Īmid the pending lawsuit, Remington went bankrupt twice. Bushmaster was owned by Remington at the time and through the lawsuit, plaintiffs targeted the company’s marketing of the rifle as a combat weapon.

Last week Remington proposed a $33 million settlement deal to a lawsuit brought by nine families of the victims of the Sandy Hook School shooting, in which a gunman used a Bushmaster rifle to murder 28 students and teachers in 2012. Jake Dahlke Remington Ammunition RevivalĪ Recent History of Bankruptcy and Lawsuits Overall, the “Big Green” brand story is still partly tangled up with questions around Remington firearms and lingering lawsuits from previous ownership. The previous Remington owners, Cerberus Capital Management (and then eventually its creditors), made years of bad financial decisions that hurt Remington’s quality and reputation. But it’s also because they’ve got a bit of an uphill battle. Afterall, it’s a more than 200-year-old American company that’s regaining its footing at time when there’s never been more demand for ammunition. Remington ammunition is pushing hard to tell the story of its comeback. The Outdoor Life Podcast: The Remington Ammunition Comeback But last month, Remington opened its doors to a handful of outdoor media and we got to the chance to see how ammo was being manufactured, plus interview Remington employees. While Remington went bankrupt last summer and sold off its properties in the fall, the factory had all but gone dark.

As the ammunition shortage drags on, there’s one bright spot for hunters and shooters: The Remington ammunition plant in Lonoke, Arkansas, is up and running, almost at full capacity.

New remington rifle