Sturm, Ruger to Acquire Remington's Marlin Firearms for $30 Million

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https://www.fool.com/investing/2020/09/30/sturm-ruger-to-acquire-remingtons-marlin-firearms/

Sturm, Ruger to Acquire Remington's Marlin Firearms for $30 Million

The bankrupt gunmaker has been selling off its assets this week to raise cash to pay its creditors.

Rich Duprey
Sep 30, 2020 at 6:51PM

The bones of bankrupt Remington Arms continue to be picked clean as Sturm, Ruger (NYSE:RGR) announced it was acquiring the gunmaker's Marlin Arms for $30 million. Remington has accepted the offer and the bankruptcy approved the sale.

The sad end to a storied gunmaker
Remington was forced into bankruptcy despite a booming firearms market because it had been saddled with substantial amounts of debt by its private equity owners and faced lawsuits from the families of victims of the 2012 Sandy Hook school shooting.

[The Polack MSgt]

1. Good news for old farts like me who like old fashioned rifles

So, Henry and Marlin will continue to sell lever action rifles and carbines 140+ years after they were 1st produced

[Paladin]

2. Way to fire, Sturm Ruger.

The world is crying out for more bolt action shotguns.....

[melm00se]

3. huh?

Marlin makes rimfire semis and bolt actions and lever actions.

[Paladin]

4. Yeah, but they used to make clunky, bolt-action shotguns.

Sturm Ruger could always start making them again, if they were really stupid. The old Marlins in .410 still have a certain following here in the Southwest---good snake guns.

[Straw Man]

5. Marlin made the Goose Gun until 1988.

It was a bolt action 12-gauge shotgun with a 36" barrel. Clunky? I guess, but they have a certain old-school charm.