Remington Bankruptcy

[Doom]

Not much news but here is a link to an article in the Utica paper.

https://www.uticaod.com/news/2020081...gton-situation

[Freefloat]

Another example of poor leadership.

[rkittine]

This time might finally do them in, though they have pulled it out many times before.

Bob

[DRAGON64]

If another mfg where to buy them out lot-stock, who could save the 700 line and start building quality rifles again?

[rkittine]

I am hoping that Dakota Arms can be spun off and kept and since they have a lot of the equipment to make 700s, would be the new supplier of them. Will be interesting to see what happens has Remington has wiggled its way out of bankruptcy 4 or 5 times in the past.

Although I kind of hate to say this, once you get yourself a Custom 700 Clone Action, you might not ever go back to a 700 except for a basic hunting rifle. By the time you have a 700 action Blue Printed and a better extractor and recoil lug installed, you can buy one of the custom clones and have a much smoother action.

Bob

[Doom]

If another mfg where to buy them out lot-stock, who could save the 700 line and start building quality rifles again?

I doubt anyone will unless the Bankruptcy courts make it attractive enough and I'm not sure that they can remove enough liability to do that. I also think they have to get out of NY state and that may be hard to do. I knew Bob Nardeli would come back to haunt me, again. Just took a little longer this time.

[Freefloat]

Don’t know who would buy it, I’ve got a buddy who has a Bargara model 14 hunter in .308 that’s modeled after the 700 and it’s a hell of a rifle with a good trigger and accurate right out of the box.

[rkittine]

They have already moved most everything out of New York. Bought the company in the Carolina's and Dakota Arms.

Bob