SOUTHPORT, Conn.–(BUSINESS WIRE)–Sturm, Ruger & Firm, Inc. (NYSE-RGR) introduced right this moment that the closing of its acquisition of considerably all the Marlin Firearms belongings occurred on Monday, November 23. The settlement to buy these belongings emanated from the Remington Outside Firm, Inc. chapter and was accepted by the US Chapter Courtroom for the Northern District of Alabama on September 30, 2020. The acquisition worth of roughly $28.3 million was paid with accessible money available.
Chief Govt Officer Christopher J. Killoy famous the joy that has permeated the firearms trade in anticipation of the confluence of those two iconic firearms manufacturers, “Since we introduced the settlement to buy Marlin in September, now we have heard from numerous members of the firearms neighborhood – shoppers, retailers, distributors, writers, and collectors – who’re delighted that legendary Marlin rifles are actually a part of the Ruger product household. We’re excited to begin shifting these belongings to our Ruger amenities and organising the manufacturing cells that can produce Marlin rifles for years to come back. We sit up for re-introducing Marlin rifles within the latter half of 2021.”
About Sturm, Ruger & Co., Inc.
Sturm, Ruger & Co., Inc. is likely one of the nation’s main producers of rugged, dependable firearms for the business sporting market. With merchandise made in America, Ruger affords shoppers virtually 800 variations of greater than 40 product traces. For greater than 70 years, Ruger has been a mannequin of company and neighborhood accountability. Our motto, “Arms Makers for Accountable Residents®,” echoes our dedication to those rules as we work arduous to ship high quality and progressive firearms.
The Firm might, once in a while, make forward-looking statements and projections regarding future expectations. Such statements are based mostly on present expectations and are topic to sure qualifying dangers and uncertainties, similar to market demand, gross sales ranges of firearms, anticipated castings gross sales and earnings, the necessity for exterior financing for operations or capital expenditures, the outcomes of pending litigation in opposition to the Firm, the influence of future firearms management and environmental laws, and accounting estimates, any a number of of which might trigger precise outcomes to vary materially from these projected. Readers are cautioned to not place undue reliance on these forward-looking statements, which communicate solely as of the date made. The Firm undertakes no obligation to publish revised forward-looking statements to replicate occasions or circumstances after the date such forward-looking statements are made or to replicate the prevalence of subsequent unanticipated occasions.