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.............................. Remington Arms Company
Logo and Trademark..............................
Remington Arms is a major American manufacturer of rifles, shotguns, other firearms, revolvers and ammunition. They also license the Remington name to hunting apparel, Arctic Cat ATV's, and other hunting and shooting products manufactured by other companies. It was founded in 1816 by Eliphalet Remington in Ilion, New York, as E. Remington and Sons. It is the oldest company in the United States which still makes its original product, and is the oldest continuously operating manufacturer in North America. It is the only US company which produces both firearms and ammunition domestically, and is the largest US producer of shotguns and rifles. Remington does not currently produce handguns; its last handgun, the Model XP-100R, ceased production in 1998. Its products are distributed in over 60 foreign countries, making its base wider than those of its competitors.
Remington has also developed or adopted more cartridges than any other gun maker or ammunition manufacturer in the world. Adopted cartridges often keep the name given by the wildcatter who developed them, rather than being given the Remington Moniker.
Notable contributions include the development and production of the US Model 1917 rifle, a simplified version of the British Pattern 1914, and the development of the experimental Pedersen Device.
Late in the war, the events leading up to the Russian Revolution of 1917 had tremendous impact on Remington finances, as the Imperial Russian government first attempted to delay payment due to claimed defects, and then defaulted on the contract entirely when the Bolsheviks took power in 1918. Left with massive stocks of war material and no prospects for payment, it required government intervention to save the company from bankruptcy. Based on the sudden explosive growth of business at the beginning of the war, and the subsequent precipitous shrinkage at the end of the war, Remington made the conscious decision to promote and emphasize their sporting product line. They viewed hunting products as a more stable business which might help them to survive future ups and downs.
During the Great Depression, Remington was purchased by the DuPont Corporation, which had made its fortune with improvements to gunpowder. A year later, Remington purchased the Peters Cartridge Company; today, you may notice that many of the Remington headstamps still have R-P on them, for Remington-Peters.
In 1940 the military became worried about its ammunition capacity, and asked Remington to collaborate in a plan for national expansion. With the aid of DuPont, Remington built the Lake City Arsenal and Denver Ordnance ammunition plants, as well as three more later. Though the plants belonged to the U.S. government, Remington was asked to oversee their production. Among the weapons Remington manufactured for the government during World War II was the famous M1903A3 Springfield bolt-action rifle.
In 1970, Remington closed its ammunition plant in Bridgeport, Connecticut, creating a brand-new facility in Lonoke, Arkansas. This site was chosen as the geographic center of the sporting ammunition market. A year later, Remington built a new clay targets plant in Athens, Georgia.
In 1993, Remington was sold by DuPont to an investment firm called Clayton, Dubilier, and Rice, or CD&R. On April 6, 2007 it was announced that Remington Arms would be sold to a private equity firm, Cerberus Capital Management, for $118 million. The news comes due to the fact that Remington is millions of dollars in debt and did not report a profit during the years 2003-2005.
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