The beleaguered gun rights organization, The National Rifle Association, has filed for Chapter 11 bankruptcy protection and plans to restructure in the state of Texas. Over the past few years, the NRA has come under fire for alleged financial mismanagement and the [Read More…]
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 [Read More…]
Long-lived firearms manufacturer Remington Arms has been divided up amidst its bankruptcy auctions which started shortly after its second bankruptcy filing earlier this year with the intent to sell assets. The Remington asset bids have recently been revealed with some [Read More…]
A few weeks ago we covered how Remington appeared to be preparing to file for Chapter 11 Bankruptcy a second time. It turns out that everything except for the buyout by Navajo Nation came to pass over the past couple of months which saw a massive spike in gun sales amid [Read More…]
Virtually any institution with a history spanning more than two centuries is almost certain to experience its fair share of ups and downs over those many years. America’s oldest gun maker, the Remington Arms Company, is no exception. Since its founding by [Read More…]
On January 14th, 2020, TFB reported that the city of Kansas City, Missouri was suing Nevada-based handgun manufacturer Jimenez Arms. The January 7th lawsuit, filed with assistance from anti-gun group ‘Everytown for Gun Safety’ and their legal arm, [Read More…]
Sharps Bankruptcy It seems that the Sharps Rifle Company has filed for bankruptcy. According to documents filed with the Wyoming District U.S. Bankruptcy Court, Sharps filed for bankruptcy on December 31st of 2019. The Sharps bankruptcy filings show that Sharps has been [Read More…]
Hudson Manufacturing, makers of the much-vaunted Hudson H9, filed for Chapter 7 bankruptcy on March 14th. This is, presumably, in direct response to their previously cataloged troubles. Cambridge Valley Machining has sued Hudson over unpaid debts after being contracted [Read More…]
To get TFB readers and gun consumers up to speed, Acusport Corporation is a distributor of firearms and related accessories within the US. They are one of a handful of distributors who assist manufacturers in getting their products to retailers and eventually to you, [Read More…]
In what should not be a shock to most anyone paying attention, iconic firearms manufacturer Remington announced a bankruptcy filing on Sunday, passing control to lenders – a move that will wipe away most of the companies debt. We hesitated in bringing you the [Read More…]
Last week we reported that Remington was seeking financing to file for Chapter 11 bankruptcy. On Monday the iconic gunmaker announced a financing deal had been agreed with its creditors. A Restructuring Support Agreement has been announced that will reduce approximately [Read More…]
With nearly $1 billion in debt and credit agencies warning that their capital structure is “unsustainable”, firearms and ammunition manufacturing giant Remington is looking for financing to fund business operations during bankruptcy proceedings. An exclusive report [Read More…]
According to court documents, A.D.K. Arms, Inc. filed for Chapter 11 bankruptcy on July 20 of this year. This filing was made at the U.S. Bankruptcy Court, Northern District of Illinois. A.D.K. Arms sells a range of firearms products centered on the AR-10 and AR-15 [Read More…]
REV Arms, also called Revolution Arms, noted for “selling” (more on the quotes in a second…) sub-MOA guarantee AR-15s is highly likely to be no more. While formal bankruptcy papers have not been filed, the company has gone eerily silent. Numerous [Read More…]
Many people predicted the fate of Gander Mountain and now more information is surfacing. By filing for Chapter 11 bankruptcy it allows Gander Mountain to clean up their dirty laundry, consolidate as needed, and potentially sell the company without too much disruption [Read More…]
What is happening at Colt? That’s the question on many people’s minds as news of layoffs in the company began to trickle out starting on Tuesday. Rumors of massive layoffs at Colt began with a post at Pistol-Forum by member “misanthropist”, who [Read More…]
Gander Mountain is a privately owned company and normally they do not make public statements of any kind. Amidst a multitude of speculation that they were going bankrupt they finally broke their silence. As a privately held company, it is our longstanding policy not to [Read More…]
An ammunition company has evidently closed its doors: HPR Ammunition, a subsidiary of Advanced Tactical Armament Concepts, LLC, reportedly shut down in mid-September, according to local news outlet Payson Roundup: HPR Ammunition reportedly sent more than 30 employees [Read More…]
Manufacturer of the Vector submachine gun, and parent company to Sphinx System AG, makers of high-end CZ 75 handgun derivative, may be in financial trouble. At the end of 2015, Sphinx System AG was declared bankrupt; now its parent company may be in danger as well due [Read More…]
Sciens Capital Management, the hedge fund managers that own Colt Defense, LLC, have failed to meet the January 8 deadline for funding the famous gunmaker’s exit from bakruptcy. The Wall Street Journal reports: Gun maker Colt Defense LLC is poised to exit [Read More…]
Colt’s exit from bankruptcy has hit a snag: The owners of the company, Sciens Capital Management have defaulted on a $15 million funding commitment to Colt Defense LLC, as part of the company’s exit from bankruptcy. The private equity company agreed to pay [Read More…]
Hartford, Connecticut gunmaker Colt has won confirmation of its Chapter 11 bankruptcy exit plan. The plan, which includes a new lease on the company’s Hartford plant as well as negotiated terms for retiree medical benefits with the United Auto Worker’s [Read More…]
In a recent article on Guns.com shows an outlined plan for Colt Defense to get itself out of the current financial quagmire that it finds itself in these days. And no, it doesn’t involve a Native American Casino company as was proposed earlier this year in an [Read More…]
According to a recent article by business news outlet Reuters, Colt Defense may be close to a deal to bring the company through its ongoing bankruptcy. The success of this plan is critical to the survival of Colt in its current financial hands, as the alternative is [Read More…]
In a bizarre twist to the Colt bankruptcy story, the Morongo Band of Mission Indians has stepped into give the famous gun manufacturer a helping hand. The Wall Street Journal reports: A business-savvy tribe of Native Americans, the Morongo Band of Mission Indians, is [Read More…]
The end we knew would come has finally begun. Colt Defense, LLC is set to file chapter 11 bankruptcy protection tomorrow, according to insider sources, reports marketwatch.com: Gun maker Colt Defense LLC plans to file for chapter 11 bankruptcy protection by Monday, [Read More…]
The news stories about Colt’s have been piling up recently. I admit I am not as well-versed in financial-ese as I could be, which has made me hesitant to cover the subject. It’s a good thing, then, that Hognose of WeaponsMan has covered the ongoing saga of [Read More…]
Your Privacy Choices