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Remington, a division of Bushmaster

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Post Options Post Options   Thanks (0) Thanks(0)     Back to Top Direct Link To This Post Posted: April/08/2007 at 20:22
silver View Drop Down
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In case you missed it Friday,the Bloomberg wire service announced that the owners of Bushmaster have bought Remington Arms.

 

 

Sidebar:

It makes for an interesting hind sight about a certain outdoor writer.  "Gentleman, we have our cushy jobs to protect" Harvey Korman, the govenor's aid in Blazing Saddles

Post Options Post Options   Thanks (0) Thanks(0)     Back to Top Direct Link To This Post Posted: April/09/2007 at 00:02
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Originally posted by silver silver wrote:

Sidebar:

It makes for an interesting hind sight about a certain outdoor writer.  "Gentleman, we have our cushy jobs to protect" Harvey Korman, the govenor's aid in Blazing Saddles

 

Sounds like straw man just bought an AR in .260 Rem, too. Yep, things are changing.

Post Options Post Options   Thanks (0) Thanks(0)     Back to Top Direct Link To This Post Posted: April/09/2007 at 04:18
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silver: Does Remington get better, worse or stay the same with the new owners?

 

tahqua: What can I say??........

Post Options Post Options   Thanks (0) Thanks(0)     Back to Top Direct Link To This Post Posted: April/09/2007 at 10:12
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bushmaster is owned by BFI the garbage disposal corporation--- expect to see very aggressive campaigning against politicans that are anti-fun--- (i mean gun).
Post Options Post Options   Thanks (0) Thanks(0)     Back to Top Direct Link To This Post Posted: April/09/2007 at 11:39
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  • update Cerberus purchased bushmaster from BFI -- Dan Quayle (if you remeber him) is head of one of the internatiional divisions.
  • Paper products - The company acquired MeadWestvaco's paper business for $2.3B in 2005 and renamed it NewPage Corporation. Cerberus also purchased, from Georgia Pacific Corporation, its Distribution Division/Building Products and all of its associated real estate. It renamed this new company BlueLinx, based in Atlanta, Ga.
  • Real Estate - Through investment affiliate Blackacre Capital, the company has been making direct equity, mezzanine, first mortgage, distressed and special situation investments in all asset types. It also controls Miami Beach, Fla.-based LNR Property, a large real estate development and investment firm through subsidiary Riley Property. Cerberus also controls Kyo-ya, a Japan based group of entities that owns several Starwood managed assets in California, Hawaii and Florida.
  • Automotive - Peguform and GDX
  • Financial Services - General Motors sold a 51% stake in its GMAC finance unit to an investor group led by Cerberus Capital Management. GM expects to receive $14 billion over the next three years from the sale of General Motors Acceptance Corp. In December 2006, Cerberus acquired the Austrian bank BAWAG P.S.K. for a reported €3.2 billion.

Also purchased Remington Firearms in April of 2007.

  • Entertainment - To acquire 6 television stations owned and operated by CBS Corporation, pending FCC approval. Those stations are as follows:
DMA Rank Market Station ... Channel (DT) Network
35. Salt Lake City - St. George -
Provo - Ogden - Orem
KUTV 2 (34) /
KUSG 12 (9)
 
Post Options Post Options   Thanks (0) Thanks(0)     Back to Top Direct Link To This Post Posted: April/09/2007 at 12:06
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Back when I was still going to night school we had a course that covered the aggregation of companies, big fish eat little ones.
No company that has shareholders is immune from a takeover or buyout, especially since most publically held gun companies are not apt to be the next Microsoft. I think the TC/S&W merger will be the one to watch. Wait until they decide to build an auto shotgun and a long action and magnum Icon. The used gun racks will be bulging with 11-78s and 700s.
Post Options Post Options   Thanks (0) Thanks(0)     Back to Top Direct Link To This Post Posted: April/09/2007 at 13:52
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Originally posted by tahqua tahqua wrote:

Sounds like straw man just bought an AR in .260 Rem, too. Yep, things are changing.

 

 ... what's next -- an ATV?  I would have thought there'd be a SLIM chance of that ever happening!

Post Options Post Options   Thanks (0) Thanks(0)     Back to Top Direct Link To This Post Posted: April/09/2007 at 14:11
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Originally posted by Dale Clifford Dale Clifford wrote:

  • update Cerberus purchased bushmaster from BFI -- Dan Quayle (if you remeber him) is head of one of the internatiional divisions.

 

I've met Dan a couple of times, Nice guy.

Post Options Post Options   Thanks (0) Thanks(0)     Back to Top Direct Link To This Post Posted: April/09/2007 at 14:49
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I remember the takeover of Coleman camping products from our local companies, quality dived production moved to China. The buying of companies that produce precision products by money conglomerates usually does not improve quality.

 

Duce 

Post Options Post Options   Thanks (0) Thanks(0)     Back to Top Direct Link To This Post Posted: April/09/2007 at 14:56
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Post Options Post Options   Thanks (0) Thanks(0)     Back to Top Direct Link To This Post Posted: April/09/2007 at 18:10
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Originally posted by cheaptrick cheaptrick wrote:

silver: Does Remington get better, worse or stay the same with the new owners?

 

 

Remington -NETTED- $300,000 in 2006.  This is after three losing years. 

 

Now, the question should be, Better for whom? If there has been new management to turn around the lose, then things may stay the same for a while.   Sounds like something may be moving to Fort Knox KY (E-town).  I know that my state would be interested in having them or any other company, PM me and I will get you set up!

Post Options Post Options   Thanks (0) Thanks(0)     Back to Top Direct Link To This Post Posted: April/09/2007 at 19:11
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Originally posted by RifleDude RifleDude wrote:

Originally posted by tahqua tahqua wrote:

Sounds like straw man just bought an AR in .260 Rem, too. Yep, things are changing.

 

 ... what's next -- an ATV?  I would have thought there'd be a SLIM chance of that ever happening!

 

another rms joke nice rms jokes are funnier than chuck norris jokes!

Post Options Post Options   Thanks (0) Thanks(0)     Back to Top Direct Link To This Post Posted: April/09/2007 at 19:44
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just for the arcane and for those curious in such things  (superstitious??)

 

cerberus (kerberos) was the three headed dog that guarded the entrance to Hades, and was the 12th task of Hercules.

Post Options Post Options   Thanks (0) Thanks(0)     Back to Top Direct Link To This Post Posted: April/10/2007 at 08:15
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Originally posted by Dale Clifford Dale Clifford wrote:

just for the arcane and for those curious in such things  (superstitious??)

 

cerberus (kerberos) was the three headed dog that guarded the entrance to Hades, and was the 12th task of Hercules.

 

Excellent point, Dale!  The mythical 3 headed dog is a very apt metaphor for the internal struggles of a man desperately trying to keep track of the lies he tells while assuming 3 different aliases!

Post Options Post Options   Thanks (0) Thanks(0)     Back to Top Direct Link To This Post Posted: April/10/2007 at 08:20
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Originally posted by john45acp john45acp wrote:

I think the TC/S&W merger will be the one to watch. Wait until they decide to build an auto shotgun and a long action and magnum Icon. The used gun racks will be bulging with 11-78s and 700s.

They already are because there are so many of them, and for good reason. They work.

Post Options Post Options   Thanks (0) Thanks(0)     Back to Top Direct Link To This Post Posted: April/10/2007 at 08:31
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i dont think that t/c will over take the m700 sorry
Post Options Post Options   Thanks (0) Thanks(0)     Back to Top Direct Link To This Post Posted: April/10/2007 at 16:27
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      This will shine a little better light on the subject.  http://www.remington.com/library/press/2007/2007-2.asp
Post Options Post Options   Thanks (0) Thanks(0)     Back to Top Direct Link To This Post Posted: April/10/2007 at 16:28
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i hope this mean better quality brass then
Post Options Post Options   Thanks (0) Thanks(0)     Back to Top Direct Link To This Post Posted: April/10/2007 at 16:34
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    The way I see it, it will be a good thing. Big Green will be around for a long time. They still have the biggest part of the firearms market share.
Post Options Post Options   Thanks (0) Thanks(0)     Back to Top Direct Link To This Post Posted: April/10/2007 at 16:37
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Originally posted by pyro6999 pyro6999 wrote:

i hope this mean better quality brass then
   I'm with ya on that one!  lot's of room for improvement in that area.
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