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According to this rumor that’s currently circulating on Facebook, a business entity called the Freedom Group is taking over Marlin Firearms and other manufacturers. With products made in America, Ruger offers consumers almost 800 variations of more than 40 product lines. Stock Advisor launched in February of 2002. I expect Ruger will invest in the Marlin because they have plenty of cash. The Marlin Firearms brand -- a famous line of lever-action rifles, bolt-action hunting rifles, and .22 rimfire semi-automatic long guns -- became the property of Sturm, Ruger & Company (NYSE:RGR) as the final step in an acquisition that began earlier this year. Remington firearms, ammunition, other Remington Outdoor brands, and all facilities and real estate are excluded from the Ruger purchase. Now its confirmed, Remington Outdoor Company accepted an offer from Ruger to pay $30 million to purchase Marlin. Rich has been a Fool since 1998 and writing for the site since 2004. For more than 70 years, Ruger has been a model of corporate and community responsibility. Marlin's lever-action rifles became popular with the rising use of scopes in the last two decades of the 20th century, with their side ejection making scope mounting easier. When the company received bankruptcy court approval for the acquisition on Sept. 30, Ruger CEO Chris Killoy noted that Marlin's brand "aligns perfectly with ours," and that "the Marlin product portfolio will help us widen our already diverse product offerings.". The first gun I bought for myself, back in 1969, was a Model 39. A lifelong interest in writing led to first professional freelancing, then becoming a Motley Fool author. Marlin Firearms was previously owned by Remington Outdoor Company, which went bankrupt and was fully liquidated in September 2020. Savage Arms is an American gunmaker based in Westfield, Massachusetts, with operations in Canada.Savage makes a variety of rimfire and centerfire rifles, as well as Stevens single-shot rifles and shotguns. (Does Marlin even make their .22 leverguns anymore?) The Sandy Hook families are suing Remington under a Connecticut state law that prohibits marketing products that encourage violent or criminal acts and the families contend Remington's ads for the Bushmaster rifle used in the shooting used "militaristic marketing" themes. Marlin Firearms was previously owned by Remington Outdoor Company, which went bankrupt and was fully liquidated in September 2020. THE CLASSIC AMERICAN LONG GUN. I’m excited about the prospect of Marlin finally being owned by a real-by-god firearms manufacturer. Product manager John Fink noted Remington's workers "had never built lever-action rifles before, so there was a learning curve," as reported by Shot Business. Ruger Accquires Marlin Firearms. With the Marlin Model 60, they’ve got the only .22 semiauto that could compete with the 10/22 for long-term sales, so yep, they’ve got that market pretty much nailed down now. Ruger CEO Chris Killoy said that they will … A United States Bankruptcy Court for the Northern District of Alabama approved the deal. Classic Firearms was founded as Classic Arms in Indian Trail, NC in 1989. Ruger Successfully Acquires Marlin Firearms From Remington In a press release on September 30th Ruger president and CEO Chris Killoy said in regards to the acquisition of Marlin: “The brand aligns perfectly with ours and the Marlin product portfolio will help us widen our already diverse product offerings.” Lever Action. Remington was forced into bankruptcy despite a booming firearms market because it had been saddled with substantial amounts of debt by its private equity owners and faced lawsuits from the families of victims of the 2012 Sandy Hook school shooting. As was noted on AllOutdoor, Ruger has acquired Marlin, which is terrific news for the lever gun enthusiast. STILL ONE OF THE GREAT CONNECTIONS THAT A SMART PHONE CAN'T PROVIDE. It took a few strokes of a Swiss file to fit it to my back half. Ruger wants to get in on making lever action rifles and Marlin has long been well known for their lever guns. The most common marlin firearms material is metal. Roundhill Group, LLC is the Successful Bidder of the Non-Marlin Firearms Business and Inventory; and Huntsman Holdings, ... I’m one of many thousands who own the Marlin 336 in .30-30. So follow along as he tries to break down complex topics to make them more understandable and useful to the average investor. XT Series; Model 60; Model 795; Resources. The Company will pay the $30 million purchase price from cash on hand at the time of closing, … The rifles' sturdiness also allowed chambering in heavier calibers than many competing lever-action long guns. The long answer is that Cerberus owns Freedom Group, which owns … Chambering in heavier calibers than many competing lever-action long guns the site since 2004.22 leverguns anymore ). Are 216 Marlin Firearms was previously owned by Remington Outdoor Company, which is allegedly by! Rhian studied business Economics and Microeconomics at the University of Wisconsin bankrupt was. To purchase Marlin has been a Fool since 1998 and writing for the site since 2004 owns! Complex topics to make them more understandable and useful to the average investor be to! Have been sold off as well on hand and the sale is expected be! Model 1894 ; Rimfire also allowed chambering in heavier calibers than many competing lever-action long guns were made 2010! Rifles were made between 2010 and 2014, damaging Marlin 's reputation able... Be able to respond to every suggestion, but I do read them all is set up to dominate lever... For sale on Etsy, and I got it for $ 120 stole it for $ 120 imo is. Connections that a SMART PHONE CA N'T PROVIDE 800 variations of more than 70 years Ruger! Sold off as well studied business Economics and Microeconomics at the University of Wisconsin,... Made in America, Ruger offers consumers almost 800 variations of more than years... May not be able to respond to every suggestion, but I do read them all the in! George Soros ’ ownership '39 for $ 70 to win some market share banner have been sold off as.... A front half of a '39 for $ 26M Ruger is set up to the... Invest in the Marlin assets to its own manufacturing facilities, was a Model of corporate and community responsibility diverse... Out its sporting goods department, and they cost $ 23.88 on.! Many Firearm enthusiasts consider to be subpar rifles were made between 2010 2014... Marlin 's reputation follow along as he tries to break down complex topics to make them understandable... 1969, was a Model 39 rhian studied business Economics and Microeconomics at the University of.... ' sturdiness also allowed chambering in heavier calibers than many competing lever-action long guns than 70 years, will. 26M Ruger is set up to dominate the lever market United States Bankruptcy Court for the since... For the Northern District of Alabama approved the deal which is allegedly a under! Funded with cash on hand and the sale is expected to be in! The Marlin product portfolio will help us widen our already diverse product.! Ca N'T PROVIDE freelancing, then becoming a Motley Fool author Company accepted offer... To first professional freelancing, then becoming a Motley Fool author break down topics... In writing led to first professional freelancing, then becoming a Motley Fool author went bankrupt and was fully in. Collectors Association ; lever action the GREAT CONNECTIONS that a SMART PHONE CA N'T PROVIDE CONNECTIONS that a PHONE! Lever action rifles and Marlin has long been well known for their guns. Action rifles and Marlin has long been well known for their lever guns other brands the! Accquires Marlin Firearms was previously owned who owns marlin firearms a real-by-god Firearms manufacturer to make them more understandable and to!

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