Here’s A Warning For Ruger
BY Herschel Smith
4 years, 1 month ago
Now Remington’s guns and ammunition businesses has been sold off to various bidders:
- Ruger got the Marlin firearms business.
- Vista Outdoor paid $81 million for the Remington brand ammunition business.
- Sportsman’s Warehouse purchased the Tapco parts and accessories business.
- Sierra Bullets bought the Barnes ammo business for $30 million.
- JJE Capital Holdings, which placed a $65 million stalking horse bid for Remington to kick off the auction process, acquired various firearms and accessories manufacturers.
- Investment company Roundhill Group acquired the historic Remington brand of guns, for $13 million.
- Franklin Armory bought the Bushmaster brand.
Altogether, the auction process raised over $150 million for the various pieces, and now that they are in the hands of better financed companies, the brands can grow once again.
Ruger will be moving the manufacturing of the Marlin firearms business to its own facility. “The value of Marlin and its 150-year legacy was too great of an opportunity for us to pass up,” said Ruger President and CEO Chris Killoy. “The brand aligns perfectly with ours and the Marlin product portfolio will help us widen our already diverse product offerings.”
Ruger will be moving the manufacturing of the Marlin firearms business to its own facility.
What does that mean? Connecticut, Arizona or North Carolina?
You’d better stay away from union (collective bargaining) states and move South into right-to-work states like North Carolina. And you’d better stay away from states (like Connecticut) where they want to see your industry perish.
Can you grok that, Ruger?
You’ll be sorry if you don’t.
|
|
On October 8, 2020 at 4:43 am, CT Ginger said:
I’ve actually met a few people in the senior management of Ruger. The Connecticut location in Southport employs 20-30 administrative people and, according to the people I spoke with, not another dime will be spent on manufacturing in Connecticut.
On October 8, 2020 at 6:54 am, Bill said:
We moved from Ct.back in 2018, due to fiscal and political insanity there. Came to North Carolina, and life is good again.
On October 8, 2020 at 7:13 am, 41mag said:
I think Arizona is where Ruger does handguns, and NC is for rifles.
On October 8, 2020 at 8:08 am, Fred said:
The CT location needs to be closed completely. Location matters more than just having like minded folks around. The “district” in which a company can be sued matters also.
On October 8, 2020 at 9:32 am, James said:
Ruger does have some manufacturing Newport N.H. also,not sure if some of the new work will go that way.
On October 8, 2020 at 9:33 am, Sanders said:
And make sure the product is right before starting production and shipping. Ruger is notorious for letting the customer be the QC department then issuing recalls. Admittedly, they haven’t been as bad as they used to be.
On October 8, 2020 at 1:14 pm, PaulB said:
I like Ruger and hope they do well. I have a feeling soon it will not matter where they domicile as there is a big reset in the works.
On October 8, 2020 at 3:40 pm, Michael said:
I’m guessing ruger will move everything a mile or so down the road to their factory in Mayodan…
On October 9, 2020 at 1:06 am, wally said:
best wishes to ruger and such, keep making great firearms!!!!!