Quote:
Originally Posted by berettafan
Private equity firm Cerberus bought Remington and several other gun co's. They cheaped out on everything in the name of consolidating processes across brands, borrowed a few hundred mil, pulled it out (essentially getting their money back) then essentially passed the debt to Remington to pay.
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Thank you. The name I remembered was "The Leisure Group", but I also remember "Cerberus" coming up. One and the same? Pretty shady regardless of name. It appears that Remington and Marlin may be finally digging themselves out, but boy do they have a long ways to go.
Ever hear of Kenny Jarrett, the father of the "beanfield rifle"? Multi-time benchrest champion and gunsmith extraordinaire, he espoused super-accurate, long range hunting rifles for use out of tree stands across the vast bean fields of the South. Made quite a name for himself building these rifles on M700 actions. Finally gave up about a decade ago when Remington could no longer supply straight enough actions. Literally too crooked and out of concentric too be tuned up by Kenny. He now produces his own actions, a far more costly endeavor. He will bend your ear for hours about all that went wrong at Remington...