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View Full Version : Marlington??? Remington buys Marlin???


robairto
12-27-2007, 6:29 PM
I don't like the consolidation within the industry. It homoginizes the products and takes away the competition which drives ingenuity.

MADISON, N.C., December 26, 2007 – Remington Arms Company, Inc. (“Remington” or “ the Company”) the only manufacturer of both firearms and ammunition for Hunting, Law Enforcement/Security, Government & Military applications in the United States, today announced it has entered into a definitive agreement to acquire Marlin Firearms Company, Inc. (“Marlin”). The transaction is expected to close by the end of January 2008.

Marlin, headquartered in North Haven, Connecticut, also owns Harrington and Richardson (H&R), New England Firearms (NEF) and LC Smith brands of rifles and shotguns.

Tommy Millner Remington’s CEO, said, “I am pleased to announce that Marlin’s well known brands with a long heritage of providing quality rifles and shotguns to hunters and shooters around the world will join the Remington family. The opportunity to combine two historic U.S. based companies with such storied and proud histories, is both challenging and exhilarating.”

“We look forward to working with Bob Behn, a well respected member of our industry. He will remain as president of Marlin, charting a course of further growth and operational improvement,” Mr. Millner continued.

Closing of the transaction is subject to certain customary conditions, including regulatory approvals. Credit Suisse acted as financial advisor to Remington with respect to this acquisition. Duff & Phelps Securities, LLC, a unit of Duff & Phelps Corporation (NYSE:DUF), initiated the transaction, assisted in the negotiations and acted as exclusive financial advisor to Marlin.

Frank Kenna III, Marlin’s Chairman, said, “Marlin has been a family run business since 1924 and through a number of important steps, we have grown it into the company it is today. We knew it was time to find the right partner for Marlin to ensure our brands maintain their leadership positions and move into the next century.”

.22guy
12-27-2007, 6:33 PM
That sucks, because I love my Marlin and don't really care for Remington products.

jmlivingston
12-27-2007, 7:28 PM
Dupe.... again....

http://www.calguns.net/calgunforum/showthread.php?t=80039