April 20, 2014 7:36 PM ET

Aerospace and Defense

Company Overview of Remington Outdoor Company, Inc.

Company Overview

Remington Outdoor Company, Inc., also known as Freedom Group, Inc., operates as a firearms, ammunition, and related products company primarily in the United States and Canada. It designs, manufactures, and markets a product line that serves the hunting, shooting sports, law enforcement, and military end-markets. The company operates through two segments, Firearms and Ammunition. The Firearms segment designs, manufactures, assembles, imports, and markets various sporting shotguns, rifles, handguns, modular firearms, and airguns under the Harrington & Richardson, Parker Gun, Dakota, Remington, Bushmaster, DPMS, Marlin, Para, and Nesika brands. The Ammunition segment designs, manufactures, and ...

870 Remington Drive

PO Box 1776

Madison, NC 27025

United States

Founded in 1816

3,800 Employees



Key Executives for Remington Outdoor Company, Inc.

Executive Chairman of the Board
Age: 43
Chief Financial Officer and Director
Age: 53
Chief Operating Officer
Age: 39
Chief Product Development & Supply Chain Officer
Age: 49
Chief Accounting & Administrative Officer
Age: 45
Compensation as of Fiscal Year 2013.

Remington Outdoor Company, Inc. Key Developments

Remington Outdoor Company, Inc., Q4 2013 Earnings Call, Apr 08, 2014

Remington Outdoor Company, Inc., Q4 2013 Earnings Call, Apr 08, 2014

Remington Outdoor Company Announces Expansion

Remington Outdoor Company (ROC) will expand to the old Chrysler building in Huntsville, and create over 2,000 new jobs within the next ten years. In 2013, ROC made significant strides including its ammunition facility expansion, firearm capacity growth, winning a multitude of highly competitive military and law enforcement contracts, launching its 1816 clothing line, and introducing a series of exciting new products such as Ultimate Defense Handgun Ammunition and the 783 bolt action rifle. Bolstered by record sales, the company chose to expand operations to Alabama.

Cerberus Regrouping In Bid To Sell Remington Outdoor

Cerberus Capital Management, L.P. is working on a new step instead of selling Remington Outdoor Company, Inc.: helping its investors who were seeking to distance themselves from the industry sell their interests in Remington Outdoor. The decision highlights the rocky sales process that Cerberus began in December 2012. Despite hopes for a quick sale, the potential buyers backed away and some lenders declined to finance bids. The proposal outlined on December 9, 2013, in which a new investor would take a minority stake, and provide $200 million in new debt, would be only an interim step in Cerberus's efforts, people briefed on the matter insist. The firm may still pursue a sale, an initial public offering or some other transaction afterward - or instead of - the recapitalization.

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