Sentences with phrase «gun maker remington»
In February, 200 - year - old gun maker Remington filed for bankruptcy, beset by reduced sales and ongoing lawsuits linked to the Sandy Hook Elementary School Massacre, during which shooter Adam Lanza used one of the company's weapons.
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March 25 - Remington Outdoor Co Inc, one of the largest U.S. makers of firearms, filed for bankruptcy protection on Sunday to carry out a debt - cutting deal with creditors amid mounting public pressure for greater gun control.
Cerberus purchased Remington, which is based in Madison, N.C., in 2007 for $ 118 million, where the gun maker joined other firearms brands, including Bushmaster.
Remington Outdoor, one of the country's oldest and largest gun makers, said this week that a bankruptcy judge had approved its reorganization plan, which will transfer ownership of the company to creditors including JPMorgan.
Gun maker Remington Outdoor Co. is planning to file for bankruptcy protection as early as next week as it built capacity when gun sales were soaring but sales dropped after Mr. Trump took office.
Rep. Claudia Tenney said Remington Arms has assured her that its bankruptcy court filing will not result in job losses at the gun - maker's big factory in the Herkimer County village of Ilion.
One hundred and five people will be laid off at Remington Arms in Ilion as part of the gun maker's plans to move two assembly lines to Alabama, which was announced in May.
Ilion, N.Y. — U.S. Rep. Claudia Tenney said Remington Arms has assured her that its bankruptcy court filing will not result in job losses at the gun - maker's big factory in the Herkimer County village of Ilion.
Remington Arms is one of the nation's oldest and largest gun makers in the country.