Remington Firearms, nation’s oldest gunmaker, moves global headquarters to Georgia

[The Legion]

https://www.foxbusiness.com/lifestyle/remington-firearms-gunmaker-moving-hq-georgia

Remington Firearms, the country’s oldest gun manufacturer, will be moving its headquarters from Ilion, New York, to Georgia, the company announced Monday. 

As part of the deal, the company said it would invest $100 million in the operation and hire 856 people over a five-year period in Troup County. 

It was not immediately clear what effect the transfer would have on Remington's operations in New York and Tennessee. The company owns the parts of the former Remington Outdoor Co. which makes rifles, shotguns, and some handguns after the former parent auctioned its assets in pieces last year during a bankruptcy proceeding in Alabama.

Investors doing business as the Roundhill Group purchased the Remington-branded gun-making business, including operations in Ilion, New York, and Lenoir City, Tennessee, for $13 million.

Remington began making flintlock rifles in 1816. It swelled into a firearms conglomerate, but faced slumping sales, complaints about quality, and legal pressure over the 2012 Sandy Hook school massacre, in which 26 people – including 20 children – were killed. 

The company’s move comes as other gun makers have been ditching the northeast amid growing hostility there and moving to more politically welcoming states. 

"We are very excited to come to Georgia, a state that not only welcomes business but enthusiastically supports and welcomes companies in the firearms industry," Remington CEO Ken D'Arcy said in a statement. "Everyone involved in this process has shown how important business is to the state and how welcoming they are to all business, including the firearms industry."

Georgia Gov. Brian Kemp has welcomed the move, saying the state’s firearms industry "is responsible for thousands of jobs and millions of dollars of investment in our communities."

"I am a proud owner of some of Remington's first-class product, and now, I am excited to welcome them to their new home in the Peach State," the Republican governor said in a statement. 

Scott Malone, the economic development director for the city of LaGrange, said Remington has already secured at least one building in the city, and will operate from a combination of new and renovated facilities. He said local governments would offer property tax abatements, plus utility and infrastructure improvements.

Phil Smith, a spokesperson for the United Mine Workers of America, which represents some workers at a factory in Ilion, said the union had no information about whether workers in New York would be affected. The new owners recently restarted operations there, calling back more than 200 workers who had been laid off. The local government in New York offered 10 years of tax breaks in exchange for the restart and upgrades.

 

[Quavodus]

American gun companies are having trouble competing. Turkish guns are a big reason in my opinion.

[bobsguns]

On 11/12/2021 at 5:48 PM, Quavodus said:

American gun companies are having trouble competing. Turkish guns are a big reason in my opinion.

I don't see Turkish guns being any sort of an issue. 

Having bean counters & lawyers running a gun company coupled with a unionized work force is what has crippled American gunmakers, IMO. 

Had Remington told the gun grabbers to go screw themselves when Sandy Hook happened, they wouldn't have gotten sold & then gone bankrupt like they did. Remington did NOT sell the gun to shooter's family nor did they perform the background check. They had jack squat to do with an insane jackass shooting up a school. Instead they bowed down to the PC crowd. 

May not be the same thing, but the smaller companies whom told the gun grabbers to screw themselves seemed to prosper afterwards. Les Baer moved from Illinois to Iowa, told them to kiss his behind & they lost his tax money. Ronnie Barrett told CA to kiss his behind & refuses to sell or service anything in CA. Yes, I know neither of those companies are kept in business by the Fudd buying gun crowd. Remington was, which is why I say it may not be the same. But Remington shouldn't have settled a lawsuit nor should they have done anything other than say "go sue the people who ran the background check or the local police who didn't get the kid put in a mental hospital somewhere where he would then be banned from owning a gun or having access to one. 

I do admit Turkish guns coming a LONG way on quality from what they used to be. I remember when their shotguns first hit the US. There were gaps between the wood & steel that one could stick a quarter in. While their current stuff isn't quite a Beretta Gold or Silver Pigeon Grade VI, they're nicely made. 

A big reason the South lost the Civil War is because they had tiny firearm production facilities. Now S&W is coming to TN, Beretta is in TN, Steyr is in Alabama & Remington is coming to GA. With CZ owning Colt now, I expect to see them leave Connecticut before too long. When things spark off again (and we know it will sooner or later), this time around we'll be well armed.