Sturm, Ruger & Co., Inc., Southport, Connecticut, USA, a leading manufacturer of firearms for the commercial sporting market, has completed the acquisition of substantially all of the Marlin Firearms assets, as of November 23.
Established seventy years ago, Ruger offers consumers almost 800 variations of more than forty product lines. Ruger also operates a Metal Injection Moulding (MIM) operation, Ruger Precision Metals (formerly Megamet Solid Metals Inc.) located in Earth City, Missouri, USA, that makes components for its own firearms production as well as serving external customers.
The company states that the agreement to purchase the assets of Marlin Firearms emanated from the Remington Outdoor Company, Inc. bankruptcy and was approved by the United States Bankruptcy Court for the Northern District of Alabama on September 30, 2020. The purchase price of approximately $28.3 million was reportedly paid with available cash on hand.
Christopher J Killoy, CEO of Ruger, commented, “Since we announced the agreement to purchase Marlin in September, we have heard from countless members of the firearms community – consumers, retailers, distributors, writers, and collectors – who are delighted that legendary Marlin rifles are now part of the Ruger product family.”
He continued, “We are excited to start moving these assets to our Ruger facilities and setting up the manufacturing cells that will produce Marlin rifles for years to come. We look forward to re-introducing Marlin rifles in the latter half of 2021.”