[We Are the Mighty] Remington is a legendary name among firearm manufacturers like Colt, Smith & Wesson, and Beretta. While Beretta holds the title of oldest firearm manufacturer in the world, Remington claimed to be the oldest U.S. factory still making its original product. The Ilion, New York, facility began producing firearms in 1816. Although it has seen layoffs, temporary closures, and bankruptcies, Remington's 2020 bankruptcy was the beginning of the end for the historic factory.
On July 28, 2020, Remington filed for Chapter 11 bankruptcy protection. The company's assets, including iconic brands like Bushmaster, DPMS, and Harrington & Richardson, were divided and sold off. Vista Outdoor purchased the Remington brand name and licensed it to the new company, Remington Arms. Although the new RemArms, LLC announced plans to relocate its headquarters and open new manufacturing facilities in Georgia, the Ilion Facility continued to employ about 270 workers. |