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#554375 - 01/08/08 03:31 AM Remington to Acquire Marlin Firearms
Locksley
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Registered: 10/23/01
Posts: 19734
Loc: Antioch TN

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Remington to Acquire Marlin Firearms
Deal positions Marlin and its various brands for growth


MADISON, N.C., December 26, 2007 – Remington Arms Company, Inc. (“Remington” or “ the Company”) the only manufacturer of both firearms and ammunition for Hunting, Law Enforcement/Security, Government & Military applications in the United States, today announced it has entered into a definitive agreement to acquire Marlin Firearms Company, Inc. (“Marlin”). The transaction is expected to close by the end of January 2008.

Marlin, headquartered in North Haven, Connecticut, also owns Harrington and Richardson (H&R), New England Firearms (NEF) and LC Smith brands of rifles and shotguns.

Tommy Millner Remington’s CEO, said, “I am pleased to announce that Marlin’s well known brands with a long heritage of providing quality rifles and shotguns to hunters and shooters around the world will join the Remington family. The opportunity to combine two historic U.S. based companies with such storied and proud histories, is both challenging and exhilarating.”

“We look forward to working with Bob Behn, a well respected member of our industry. He will remain as president of Marlin, charting a course of further growth and operational improvement,” Mr. Millner continued.

Closing of the transaction is subject to certain customary conditions, including regulatory approvals. Credit Suisse acted as financial advisor to Remington with respect to this acquisition. Duff & Phelps Securities, LLC, a unit of Duff & Phelps Corporation (NYSE:DUF), initiated the transaction, assisted in the negotiations and acted as exclusive financial advisor to Marlin.

Frank Kenna III, Marlin’s Chairman, said, “Marlin has been a family run business since 1924 and through a number of important steps, we have grown it into the company it is today. We knew it was time to find the right partner for Marlin to ensure our brands maintain their leadership positions and move into the next century.”

Mr. Kenna III continued, “We believe Remington’s commitment to the industry, shooters and hunters alike, combined with their resources from a manufacturing and sales and marketing position, will reinforce the confidence, hard work and dedication that our employees and management have put into our brands.”

Marlin manufactures a wide range of long guns, from the historic Model 39 and 336 rifles, which are the oldest shoulder arm designs in the world still being produced, to the XLR Series, which are the most accurate lever action rifles in the world. Its lever action 22 repeater, now the Model 39, became the favorite of many exhibition shooters, including the great Annie Oakley.

E. Scott Blackwell, Remington’s President of Global Sales/Marketing and Product Development, said, “The history of our two companies in innovation and meeting the needs of hunters and shooters around the globe, combined with the opportunity to further develop the Remington, Marlin, H&R, NEF and LC Smith brands, is not only beneficial to the Company and our channel partners, but especially to our to the end customer. And it is these customers and our employees that have contributed to the success and longevity of these brands.”
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#555843 - 01/08/08 11:28 PM Re: Remington to Acquire Marlin Firearms [Re: Locksley]
Tiny
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Registered: 02/09/02
Posts: 17756
Loc: Knoxville

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Going to be interesting to see if this changes Marlins line up ie there as yet unannounced center fire bolt action plans.
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#555915 - 01/09/08 05:38 AM Re: Remington to Acquire Marlin Firearms [Re: Tiny]
Locksley
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Registered: 10/23/01
Posts: 19734
Loc: Antioch TN

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Marlins line of center fire bolt action rifles will no longer be needed I would say.
The lever rifles long guns LC Smith brands of shotguns which is a fine double barrell will go good with the Parker fine shotguns Remington allready makes.
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To know wisdom and instruction; to perceive the words of understanding;"The greatest pain a man can suffer is to have knowledge of much, and power over nothing" - Herodotus

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#557412 - 01/09/08 11:00 PM Re: Remington to Acquire Marlin Firearms [Re: Locksley]
Tiny
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Registered: 02/09/02
Posts: 17756
Loc: Knoxville

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 Originally Posted By: Locksley
LC Smith brands of shotguns which is a fine double barrell will go good with the Parker fine shotguns Remington allready makes.


Hadn't thought of that,A bit ironic ain't it?
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