The Remington company was founded in 1816. The Remington brand name was bought by Vista Outdoor, which uses it to market several types of ammunition.
On July 28, 2020, Remington filed again for Chapter 11 bankruptcy protection, and its assets were divided up and sold to various buyers. Remington exited bankruptcy in May 2018, less than two months after filing for protection under Chapter 11 laws, and its quick exit from bankruptcy was due to a pre-approved restructuring plan that was supported by 97% of its creditors. Remington filed for Chapter 11 bankruptcy protection in March 2018, having accumulated over $950 million in debt. In 2015, the Freedom Group was renamed as Remington Outdoor Company. In 2014, a new plant was built in Huntsville, Alabama to produce AR-15 style semi-automatic rifles and Remington 1911 R1 pistols. Until 2015, Remington Arms was part of the Freedom Group, which was owned by Cerberus Capital Management. The company developed or adopted more cartridges than any other gun maker or ammunition manufacturer in the world.
The company was the largest rifle manufacturer in North America according to 2015 ATF statistics. Remington and Sons) in Ilion, New York, it was one of the oldest gun makers in the US and claimed to be the oldest factory in the US that still made its original product. Founded in 1816 by Eliphalet Remington (as E. Remington Arms Company, LLC was an American manufacturer of firearms and ammunition, now defunct.
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