Roundhill Group, LLC, an investment company with headquarters in Pennsylvania and Florida announced that it is purchasing Remington Firearms. The purchase includes all long guns, shotguns, pistols, the firearms manufacturing facilities, museum and gift shop.
Sturm, Ruger & Company, Inc. (NYSE: RGR) announced that its offer to purchase substantially all of the Marlin Firearms assets was accepted by Remington Outdoor Company, Inc. and approved by the United States Bankruptcy Court for the Northern District of Alabama.
Hodgdon Powder Company is pleased to announce the acquisition of the Ramshot and Accurate smokeless powder brands and the Blackhorn 209 muzzleloader brand from Western Powders. This acquisition is effective October 1, 2020.
While Hurricane Sally’s slow pace may have delivered four months of rain in four hours, the GEICO | BoatUS Marine Insurance Catastrophe Team is finding that the Category 2 hurricane’s sudden shift to the east just prior to the storm’s September 16 landfall caught many boaters unprepared.
Dometic Marine has unveiled its new Electric Power Assist Steering, engineered to bring the smooth, easy control of electric power-assisted steering to a wide range of popular boats, including pontoons, runabouts, RIBS, aluminum fishing boats and center consoles.

Twelve-year-old Gavin Carrizales shot the first perfect score in history of the Nebraska Youth Smallbore Silhouette Invitational on Sept. 26 at Pressey Wildlife Management Area south of Broken Bow.
The Rocky Mountain Elk Foundation and its partners awarded $2,115,136 of grant funding in Arizona to benefit habitat for elk and other wildlife, scientific research and hunting heritage projects.
Join Friends of Goose Pond and DNR in observing and recording birds during the virtual Big Sit! on Sunday, Oct. 11, from 7:55 a.m. to 7:30 p.m. ET.
Springfield Armory announces the new Model 2020 family of premium American-made bolt action hunting rifles. The most advanced manufacturing methods are employed resulting in tight tolerances.

The Florida Fish and Wildlife Conservation Commission (FWC) announces a fall red snapper season for private recreational anglers and state for-hire operations in the Gulf of Mexico to open Oct. 17, 18, 24, 25, 31 and Nov. 1.
At the recent Hobie Bass Open Series (B.O.S.), following two days of trailering to different launch sites across the 34,300-acre Arkansas River impoundment, Z-Man pro Drew Gregory edged Eric Siddiqi by the slimmest of margins.
Seasonal conditions will put the nation’s top bass pros to the test during the Bassmaster Elite at Santee Cooper Lakes, Oct. 8-11. Takeoffs will be at 7:05 a.m. ET each day from John C. Land III Sport Fishing Facility in Summerton.
Michigan hunters in deer management units 452 and 487 may now purchase antlerless deer licenses for only $5.

Daniel Defense introduces a limited-edition t-shirt to raise awareness and support of American Suppressor Association’s CANS NOT BANS initiative, with 10 percent of the proceeds benefiting ASA.
Primary Arms Optics has named Terry Mears for the role of Director of Product Marketing. In this position, Terry will lead Primary Arms Optics’ product strategy and development to create innovative optics.
The Indiana Department of Natural Resources Division of Forestry and Purdue Extension-Forestry and Natural Resources partnered together on the Woodland Stewardship for Landowners video series to help educate landowners on options for managing their woodlands.
This week, Houston Safari Club Foundation (HSCF) and ‘Hunting Matters’ welcomes Carter Smith, Executive Director of the Texas Parks and Wildlife Department.

The Boker Plus Mini Tracker, designed by Dave Wenger, is a stable knife with a massive blade of 1095 carbon steel, an abrasion-resistant powder coating and has two different sharpening levels ideal for chopping, cutting, scraping, digging and levering.
The October Mountain Products Versa Cradle Micro Tune bow vise offers bow technicians the most accurate tuning with its micro-adjust capabilities. It is designed and made in the USA.
Bushnell announces the new Prime Low Glow, a trail camera for hunters seeking a reliable and affordable tool to keep a watchful eye on their favorite outdoor spots.
BlackHeart Gear has launched its new line of gun slings. The line offers four different and unique options with a variety of features and functions for both modern and traditional marksmen.

Galco introduces the VHS (Vertical Holster System) 4.0 made to fit the four-inch S&W X-frame revolver line. The VHS 4.0 features recontoured shoulder straps for comfort and concealment.
The new Federal Premium FireStick is the main component of a whole new ignition system that uses an encapsulated propellant charge inserted from the breech, with the bullet loaded from the muzzle. The result is a safer, cleaner, more convenient and reliable way to hunt with a muzzleloader.
Comp-Tac released a new version of its Blue Duty Holster for guns without light attachments, the Blue Duty – No Light.
ElimiShield HUNT announces the availability of a new scent control field t-shirt. This new item is pre-treated with the ElimiShield HUNT X10D for long lasting scent control.

Traditions recognized the need to take muzzleloading to the next level and the new NitroFire muzzleloader does just that by using the new Firestick System by Federal Premium. NitroFire muzzleloaders have begun arriving at Traditions dealers and will be available throughout all distribution levels.
Fort Robinson State Park has canceled its annual historical Christmas dinner because of coronavirus concerns.
This week on a new episode of Fish Addictions TV it is the start of the 2019 National Walleye Tour season.
October Mountain Products was recently featured on the TradGeeks podcast - a podcast focused on all things archery, traditional archery, and hunting. announced that the company has teamed with 12 Survivors to create and offer a top-notch survival package to Everest Caliber members, with free shipping, at an almost $100 discount.
Bushnell announced the RXS-250, a new red dot designed to offer performance and durability. The RXS-250 features MIL-STD-810F impact resistant design, user adjustable brightness settings and True Tone coatings that provide users with a vivid, clear view free of color distortion.
Scholastic 3-D Archery has recently named Pat Butts as the new Pennsylvania State Coordinator. As the State Coordinator, Pat will oversee all aspects of the S3DA program in Pennsylvania.
Internationally-known firearms author and trainer Massad Ayoob has been named president of the Second Amendment Foundation, succeeding the late Joseph Tartaro.
Topping the list of progress for sportsmen this summer was SCI's support of the Great American Outdoors Act (GAOA), signed into law by President Donald Trump on August 4 and has been called "the most significant conservation legislation enacted in nearly half a century."
SCI has officially launched an ongoing "Hunt The Facts" campaign to highlight how hunters in America and the world serve a crucial role in protecting habitat and wildlife conservation, while offering tangible benefits to the communities and countries in which they hunt.
The CMP would like to announce a contest for all junior athletes, to define the shooting sports through their lenses. The CMP Photography Contest will begin Wednesday, September 30, and run through Sunday, November 15.
UrgeMedia is proud to announce its renewed partnership with Viper Archery Products, helping them to reach all varieties of outdoor enthusiasts
October’s Shooting Industry examines what many retailers across the country are experiencing — and how it’s not just handguns flying off the shelves this year.
This week, Outdoors Radio features archery hunters Nathan Voss and Aaron Yohann, Range of Richfield president Jim Babiasz, Ruffed Grouse Society forest wildlife specialist Jared Elm, and archery expert JC Chamberlin.
Tactical Solutions (TacSol) is offering their X-Ring barrels for the Ruger 10/22 and Ruger 10/22 Takedown in a patriotic stars and stripes pattern for order from October 1st thru October 31st.
All Alabama Gulf Coast beaches will reopen at 6 a.m. on Friday, October 2, 2020, as coastal Alabama’s recovery from Hurricane Sally progresses.
Experts who study wildfires agree that good land management practices can go a long way in helping reduce the risk of catastrophic wildfires. One land management tool that is widely used throughout the southeast, including in Mississippi, is prescribed fire.
Montana Fish, Wildlife & Parks is asking for public comment on a proposal to reconnect a channel of the Musselshell River southwest of Melstone that was cut off by flooding.
Quarter four of MOJO TV starts off with saying a final goodbye to outdoor legend, Mike Morgan.

With the various announcements in today’s news section formalizing the breakup of Remington, it’s time to start looking for clues as to the cause of the failure of a major company in our industry. Chalking it up to “bad management” or “poor decision making” doesn’t really do it justice. Remington, a player for two centuries, deserves more than today’s typical four sentence obituary.

Perusing a portion of the approximately 3,000 pages of documents remaining to be browsed, I was struck by the starkness of the business realities explained in Remington’s “Demonstratives” filing.

Demonstratives are essentially “show and tell” documents used in court when images are best used to convey facts. They’re essentially the use of psychology and artistic principles to communicate information. They prove that, in complicated legal cases, a picture really can be worth a thousand words.

These demonstratives had two goals: 1) Explain “why”the bankruptcy and, 2) prove that the company expended its best efforts to liquidate their remaining assets for the most money possible to the court and creditors.

These are eye-opening. And proved what the industry “whispers” had been saying for some time: Remington had been in the process of failing for a long time. Only the sheer size of the company kept it going as long as it did.

Since emerging from bankruptcy in 2018, Remington lost money in every operating quarter. A total of $286.7 million dollars over the ten quarters since Q1 of 2018.

In all but one of those ten quarters, sales dropped. From $151.3 million of gross sales in Q1 of 2018, Remington’s latest reported quarter, Q2/2020, sales dropped by more than half, to $74.6 million.

Numbers tell the story. After emerging from bankruptcy in 2018 Remington’s sales (top) and revenues (bottom) dropped in every quarter. All images screenshotted from Doc 873, Filed 09/28/20, bankruptcy Case 20-81688-CRJ11

In an effort to stay afloat, Remington tried offsetting the losses by drawing down inventories, essentially selling products without replacing them or the raw materials to make more.

Across those ten quarters since 2018, inventories dropped from $254.1million to $102.6 million in Q2/2020.

When you don’t have money to replenish inventories, you’re heading where most companies disappear. Remington was no exception.

You may have seen the same thing on a considerably smaller scale when shopping.

A store you frequent appears to have emptier-than-normal shelves and racks, limited selections and fewer sizes to choose from. If they’re not selling down to replenish stock for seasonal demand, they’re in trouble. Sometimes the gamble works. Most often, it doesn’t.

Remington, despite the current industry-wide boom, was simply too far underwater to climb out.

If you can’t meet demand in a boom, you’re headed for bust.

When you are talking dollars in millions rather than thousands, the terminology becomes more sophisticated, but that foundational truth doesn’t change.

A manufacturer lacking the materials needed to make product will fail.

Now, a 200-year old company, despite $173 million dollars in sales the first six months of 2020 is gone, with its parts and pieces sold to the highest bidders.

Collectively, those assorted parts-and-pieces will net $156.3 million- slightly more than the best quarter of gross sales in 2018.

But diving a little deeper into the demonstratives, you could actually make a case that the Remington team did a good job with the auction.

The original stalking horse bid was $65 million. Through negotiations with potential suitors, the bid totals rose steadily from there, ultimately arriving at what appears to be the final $159.2 auction price (before fees).

Those increases were realized via what Remington calls a “thorough and diligent auction.” A process that required Remington’s negotiations team to hold 102 meetings with “bidders and consultation parties” discussing everything from purchase negotiations to soliciting input.

Reading their meeting summary, you’ll notice plenty of industry names: Vista, Vista/Albion, SIG SAUER, Ruger, Century Arms, Hornady, Beretta, along with several “alphabet companies” all expressing interest in the various parts and pieces.

The negotiations teams used those talks to push the dollar values upwards, sometimes significantly.

In the case of Vista Outdoor’s winning bid versus SIG SAUER’s backup bid, the difference was $16.4 million dollars ($81.4 million v. $65 million).

Ruger’s successful bid for Marlin is $10 million dollars more than Long Range Acquisition’s backup.

Taking the long view, however, the results aren’t so positive. Looking at the results of bidding for formerly successful companies now considered “non-Core assets” you realize just how badly some companies brought under the Remington umbrella fared.

The “Core” assets, Remington’s ammunition and firearms, Barnes Bullets, and Marlin, accounted for $154.9 million of the auction.

Those “Non-core” assets which include DPMS, H&R, Stormlake, AAC, Bushmaster, Tapco and Parker brands, collectively, realized only $4.3 million.

Without belaboring the point, that’s considerably less than the original acquisition price for several of the individual brands now included in the “non-Core” group. Their acquirers are basically acquiring brands, not functioning businesses. H&R, for example, ceased production in early 2015. Tapco was shut down earlier this year.

With the auction finalized, we will now turn our attention to the various acquirers to get answers to the questions we’re all asking:

When -and where- will the “Core” companies resume making product under their new ownership?

What are the plans for those “non-Core” brands? Will they come back to life?

Those are questions we’d all like to see those questions answered.

We’ll keep you posted.

— Jim Shepherd

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