![]() This led to its assets being split up among various bidding companies, the separation of the ammo brand and the firearms business to "no longer exists as a company". Remington's acquisition by Cerberus Capital Management in 2007 led to spiraling quality control and eventual bankruptcy and restructuring in 2018, followed by another bankruptcy and breakup of the company in 2020. brand which produced both firearms and ammunition domestically (though Savage would share a corporate umbrella with several ammo makers until it was spun off in 2019). which upon Winchester exiting domestic production of firearms in 2006 left Remington the only U.S. Its merger with Union Metallic Cartridge in 1912 would produce Remington U.M.C. Remington and Sons", it is the oldest company in the United States which still makes its original product, and is the oldest continuously operating manufacturer in North America. Remington Arms was founded in 1816 by Eliphalet Remington in New York.
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