Remington Arms is part of the “Freedom Group.” The conglomerate includes Bushmaster, DPMS/Panther Arms, Marlin, H&R, NEF, LC Smith, Parker, EOTAC, AAC, Dakota, INTC and Barnes Bullets. It was assembled by the secretive Steven A. Feinberg and his financial minions at Cerberus Capital Group. You may remember Cerberus as the money men behind the ill-fated takeover over Chrysler; where Feinberg’s exit strategy relied entirely upon the largess of the U.S. taxpayer. (In other words, they broke it, you bought it.) Bottom line: Cerberus knows a thing or two about manipulating government for fun and profit. Mostly profit. In this case, Cerberus has arranged to transfer 100 manufacturing jobs from Marlin’s factory in North Haven Connecticut to Remington Arms’ facility in Ilion, New York. Guess how much that cost New York taxpayers? Here’s the press release [via Ammoland]. . .
Remington’s Ilion Plant Will Return to Production March 1st
Good news for Remington firearms. The company has made firearms for over two centuries and will resume production on March 1st. The Roundhill Group has secured a federal firearms license and has plans to re-start production next month at the Illion, New York facility. The local CBS TV station WKTV has the news. Roundhill group, … Read more
