Who Makes Remington 700 Now?
The Remington 700 is a legendary rifle that has been a favorite among hunters and shooters for decades. Its reputation for accuracy, reliability, and durability has made it a staple in many gun rooms around the world. But, with the recent financial struggles and restructuring of Remington Outdoor Company, many are wondering: who makes Remington 700 now?
A Brief History of Remington 700
Before we dive into the current situation, let’s take a quick look at the history of the Remington 700. The rifle was first introduced in 1947 and was designed by Remington’s chief engineer, Leslie Thatcher. The 700 was an instant success, known for its accuracy and reliability. Over the years, the rifle has undergone several design changes and updates, but its core principles have remained the same.
Remington Outdoor Company’s Financial Struggles
In 2018, Remington Outdoor Company, the parent company of Remington Arms, filed for bankruptcy. The company had been struggling financially for years, and the bankruptcy filing was a result of mounting debt and declining sales. As part of the bankruptcy proceedings, Remington Outdoor Company was sold to several different companies, which has led to a change in the ownership and manufacturing of the Remington 700.
Who Makes Remington 700 Now?
So, who makes Remington 700 now? The answer is a bit complicated. Here’s a breakdown of the current situation:
- Remington Arms: Remington Arms, the original manufacturer of the Remington 700, is now a subsidiary of Vista Outdoor Inc., a leading global designer, manufacturer, and marketer of outdoor recreation and sports products. Vista Outdoor Inc. acquired Remington Arms in 2014, but the company has continued to struggle financially.
- Freedom Group: Freedom Group, a private equity firm, acquired Remington Outdoor Company in 2018 as part of the bankruptcy proceedings. Freedom Group has since sold off various assets, including the Remington 700 rifle.
- New Owners: In 2020, Casualty Actuarial Society, a professional organization for actuaries, acquired the Remington 700 rifle from Freedom Group. The company plans to continue manufacturing the rifle, but with some changes to the design and production process.
What’s Changing?
So, what’s changing with the Remington 700? Here are some key points to note:
- Design Changes: The new owners of the Remington 700 are planning to make some design changes to the rifle, including the introduction of new materials and manufacturing processes.
- Production Location: The Remington 700 will continue to be manufactured in the United States, but the exact location is still unclear.
- Quality Control: The new owners are prioritizing quality control, with a focus on ensuring that the rifle meets the high standards that Remington 700 enthusiasts have come to expect.
- Parts and Accessories: The availability of parts and accessories for the Remington 700 may be affected by the change in ownership. Some parts and accessories may no longer be available, while others may be redesigned or rebranded.
Conclusion
The Remington 700 is a legendary rifle that has been a favorite among hunters and shooters for decades. While the change in ownership and manufacturing may be unsettling for some, the new owners are committed to continuing the tradition of producing high-quality rifles that meet the needs of their customers. As the Remington 700 continues to evolve, it’s likely that we’ll see some changes to the design and production process, but the core principles of the rifle will remain the same.
Table: Remington 700 History
| Year | Event |
|---|---|
| 1947 | Remington 700 introduced |
| 2014 | Vista Outdoor Inc. acquires Remington Arms |
| 2018 | Remington Outdoor Company files for bankruptcy |
| 2018 | Freedom Group acquires Remington Outdoor Company |
| 2020 | Casualty Actuarial Society acquires Remington 700 |
Bullets: Key Points to Note
- The Remington 700 is still being manufactured in the United States.
- The new owners are prioritizing quality control and design changes.
- The availability of parts and accessories may be affected by the change in ownership.
- The Remington 700 will continue to be a high-quality rifle that meets the needs of its customers.
I hope this article has provided a clear answer to the question "Who makes Remington 700 now?" and has given you a better understanding of the current situation with the rifle.
