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#1
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Ruger just bought Marlin
Long Live the Lever Gun!
- Ruger President and CEO Chris Killoy https://ruger.com/corporate/marlin.html September 30, 2020 Sturm, Ruger and Company, Inc. (NYSE: RGR) announced today 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. The Company will pay the $30 million purchase price from cash on hand at the time of closing, which is expected to occur in October. "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 transaction is exclusively for the Marlin Firearms assets. Remington firearms, ammunition, other Remington Outdoor brands, and all facilities and real estate are excluded from the Ruger purchase. Once the purchase is completed, the Company will begin the process of relocating the Marlin Firearms assets to existing Ruger manufacturing facilities. "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." Additional information will be released when available. To stay up to date, please sign up for our contact list using the link below.
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Jim CBOB0497 "That rifle hanging on the wall of the working class flat or laborer's cottage is the symbol of democracy. It is our job to see that it stays there." - George Orwell Last edited by DrHenley; 09-30-2020 at 08:12 PM. |
#3
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It certainly could of turned out a lot worse for the Marlin brand.
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Rich COTEP #762 A gun is a tool, no better or no worse than any other tool: an axe, a shovel or anything. A gun is as good or as bad as the man using it. Remember that. And shepherds we shall be, for Thee, my Lord, for Thee. Power hath descended forth from Thy hand, that our feet may swiftly carry out Thy command. So we shall flow a river forth to Thee, and teeming with souls shall it ever be. In nomine Patris, et Filii, et Spiritus Sancti. |
#4
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I think that’s a good buyout, now Ruger has a lever gun market.
Sent from my iPhone using Tapatalk
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**I have been Enlightened** |
#5
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Lever Guns
With the potential of the gun grabbing crowd being in the majority after the November election, lever guns and revolvers may be all that's left to us, if indeed anything at all is left to us.
This might have been a very good strategic acquisition.
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If you love wealth more than liberty, the tranquility of servitude better than the animating contest of freedom, depart from us in peace. We ask not your counsel nor your arms. Crouch down and lick the hand that feeds you. May your chains rest lightly upon you and may posterity forget that you were our countrymen. -- Samuel Adams COTEP CBOB0676 KO4ENQ |
#6
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Ruger is now shipping their first Marlin to stores, the 1895 SBL in 45-70, manufactured in Mayodan, NC.
https://www.marlinfirearms.com/s/model_1895sbl/
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Jim CBOB0497 "That rifle hanging on the wall of the working class flat or laborer's cottage is the symbol of democracy. It is our job to see that it stays there." - George Orwell |
#7
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My shop actually had one in store about 3 weeks ago. It was really nice feeling. It was a demo only though. I think based on the 4 seconds I got to hold it, they did a nice job.
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#8
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Still got that danged crossbolt safety though.
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Jim CBOB0497 "That rifle hanging on the wall of the working class flat or laborer's cottage is the symbol of democracy. It is our job to see that it stays there." - George Orwell |
#9
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If the firearm looks as nice as in that pic, it’ll sell!
Sent from my iPhone using Tapatalk
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**I have been Enlightened** |
#10
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Yeah, I wouldn't think Ruger will have any issues selling their Marlins.
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Rich COTEP #762 A gun is a tool, no better or no worse than any other tool: an axe, a shovel or anything. A gun is as good or as bad as the man using it. Remember that. And shepherds we shall be, for Thee, my Lord, for Thee. Power hath descended forth from Thy hand, that our feet may swiftly carry out Thy command. So we shall flow a river forth to Thee, and teeming with souls shall it ever be. In nomine Patris, et Filii, et Spiritus Sancti. |