New Hampshire based firearms manufacturer and industry powerhouse has just announced that the acquisition of Marlin assets from the Remington bankruptcy sale is complete. The deal closed on November 23 and the $28.3 million purchase price was paid in full. Ruger is said to be moving Marlin rifle production in house and expects to see lever action models available later in 2021. Additional details can be found below.
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Sturm, Ruger & Company, Inc. (NYSE: RGR) announced today that the closing of its acquisition of substantially all of the Marlin assets occurred on Monday, November 23. The agreement to purchase these assets emanated from the Remington Outdoor Company, Inc. bankruptcy and was approved by the United States Bankruptcy Court for the Northern District of Alabama on September 30, 2020. The purchase price of approximately $28.3 million was paid with available cash on hand.
Chief Executive Officer Christopher J. Killoy noted the excitement that has permeated the firearms industry in anticipation of the confluence of these two iconic firearms brands, “Since we announced the agreement to purchase Marlin in September, we have heard from countless members of the firearms community – consumers, retailers, distributors, writers, and collectors – who are delighted that legendary Marlin rifles are now part of the Ruger product family. We are excited to start moving these assets to our Ruger facilities and setting up the manufacturing cells that will produce Marlin rifles for years to come. We look forward to re-introducing Marlin rifles in the latter half of 2021.”
“The value of Marlin and its 150-year legacy was too great of an opportunity for us to pass up,” said Ruger President and CEO Chris Killoy. “The brand aligns perfectly with ours and the Marlin product portfolio will help us widen our already diverse product offerings.”
“The important thing for consumers, retailers and distributors to know at this point in time,” continued Killoy, “is that the Marlin brand and its great products will live on. Long Live the Lever Gun.”
When will I be able to buy a Marlin manufactured by Ruger?
Once the sale process is complete, we will begin the process of relocating Marlin Firearms assets to existing Ruger manufacturing facilities. Sometime after that, we will begin setting up production for new, Ruger-made, Marlin firearms. Our hope is to begin producing Marlin firearms sometime in the second half of 2021. Our intent is to keep true to the Marlin brand and ensure that its 150-year history and great products live on. Sign up for our email and newsletter list to receive notifications along the way.