Remington Outdoor Company

Remington Outdoor Company, Inc.

Company type	Private
Industry	Firearms manufacturing and holding company
Predecessor	Freedom Group
Founded	2007
Defunct	2020
Headquarters	Rockingham County, North Carolina , United States
Products	Firearms and ammunition (brands included Bushmaster, DPMS, Remington, Marlin)
Owner	Cerberus Capital Management (until bankruptcy)

Remington Outdoor Company, Inc. (abbreviated as ROC), previously identified as the Freedom Group, was a U.S.-based firearms manufacturer and holding company. Its brand portfolio featured well-known names such as Bushmaster, DPMS, Remington, and Marlin.

History

In June 2007, the private equity firm Cerberus Capital Management completed the acquisition of Remington Arms for $370 million, which included assuming $252 million in debt, subsequently incorporating it into the Freedom Group. Between 2003 and 2005, Remington experienced financial losses and carried substantial debt. The Freedom Group underwent a rebranding in 2015, adopting the name Remington Outdoor Company.

After the 2012 tragedy at Sandy Hook Elementary School shooting, families of the victims initiated a wrongful death lawsuit against Remington and associated entities, seeking compensation. This case was initially dismissed in 2016 based on immunity provisions under the federal Protection of Lawful Commerce in Arms Act.

On August 15, 2017, CEO James Marcotuli stepped down due to personal reasons; Anthony Acitelli took over as CEO on October 25 of the same year.

Remington filed for Chapter 11 bankruptcy protection in March 2018 with liabilities exceeding $950 million but successfully emerged from bankruptcy within two months through a restructuring plan supported by creditors. The bankruptcy proceedings delayed the Sandy Hook lawsuit, which was permitted to move forward in March 2019 under Connecticut's Unfair Trade Practices Law—a pivotal legal decision widely covered by major news organizations.

In July 2020, Remington again sought Chapter 11 bankruptcy protection. During a bankruptcy auction held in September 2020, its assets were divided and sold to various purchasers:

• Vista Outdoor acquired the Lonoke ammunition manufacturing operations and associated intellectual property, continuing under the Remington Ammunition name
• Roundhill Group obtained the non-Marlin firearms segment through RemArms, LLC, licensing the Remington brand from Vista Outdoor
• Sierra Bullets purchased the Barnes ammunition division
• Sturm, Ruger & Co. acquired the Marlin firearms business
• JJE Capital Holdings took ownership of DPMS, H&R, Stormlake, AAC, and Parker product lines
• Franklin Armory secured the Bushmaster brand and related assets
• Sportsman's Warehouse bought the Tapco brands
• Dakota Arms acquired Parkwest Arms

In February 2022, families of Sandy Hook victims reached a $73 million settlement with Remington concerning marketing practices linked to the firearm involved in the incident.