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Press Releases


Freedom Group, Inc. (FGI) announces McLallen as Chairman of the Board of Directors

New NEF Pardner Pump Cantilever Slug Gun - For Serious Slug Hunting Performance

Remington Announces Manufacturing Consolidation Plan

First Trap Shot Shotgun

Ultra Varmint available in Thumbhole Stock

New Stainless Steel Thumbhole Ultra Hunter Rifle

New Thumbhole Ultra Slug Hunter

New Ultra Light Slug Hunter

H&R reintroduces Ultragon™ Rifling

H&R introduces a hard hitting 10 gauge with screw in choke tubes

Remington to Acquire Marlin Firearms


Freedom Group, Inc. (FGI) announces McLallen as Chairman of the Board of Directors

Madison, NC –Freedom Group, Inc. (FGI) is pleased to announce that the Board of Directors has named Walter (Wally) McLallen as Chairman of the Board, effective September 8, 2009. Having served on the Board of Directors since May 2007, McLallen has been instrumental in assembling the largest firearms manufacturer with a world-class management team. He replaces Paul A. Miller, Executive Chairman, who resigned to pursue new operational business opportunities. 

“We want to take this opportunity to thank Paul for his many years of leadership and for his hard work to establish the Freedom Group, Inc.  We have benefited from his leadership and wish him the best as he pursues other challenges in his life,” said Theodore (Ted) Torbeck, Chief Executive Officer for the Freedom Group.

During his tenure, Miller originally served as Chairman of Bushmaster Firearms International, LLC, focusing on operational improvements while championing further acquisitions in the firearms and outdoor industry. He was named as Chairman of the Board for the Freedom Group in June 2008 and began serving as the Executive Chairman in October 2008. Under Miller’s leadership and with the support of FGI’s world-class executive management team, Freedom Group now is the world’s leading firearms manufacturer with a portfolio of brands that benefit from a common infrastructure and where Six Sigma and lean manufacturing are a way of life.

“Paul should be proud of his accomplishments at Freedom Group.  He will continue to support the management team as a consultant and will remain a director of the Remington® Outdoor Foundation,” stated McLallen. “I want to personally thank Paul for all his support and dedication to Freedom Group.”

McLallen brings FGI the experience to strategically grow Freedom Group.  He currently serves as Managing Director of Meritage Capital Advisors and serves on the Board of Directors of Tier 1 Group and Alpha Media Group, Inc.

As he accepted the Board’s appointment McLallen stated, “I am excited about the opportunity to strategically lead this company and its dedicated employees. Our enterprise is poised for growth and we will continue to expand into new markets while maintaining our commitments to operational excellence, quality and our customers.”

 

About Freedom Group, Inc.
Freedom Group is the world’s leading innovator, designer, manufacturer, and marketer of firearms, ammunition, and related products for the hunting, shooting sports, law enforcement, and military markets. As one of the largest manufacturers in the world of firearms and ammunition, we have some of the most globally recognized brands including Remington, Marlin, Harrington & Richardson, New England Firearms, L.C. Smith, Parker, Bushmaster, DPMS/Panther Arms, Dakota Arms, EOTAC, and INTC.

Media Contact:  Al Russo (336) 548-8572

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New NEF Pardner Pump Cantilever Slug Gun - For Serious Slug Hunting Performance

Ilion, NY - A close examination of the big game record books quickly reveals one strikingly consistent fact; the overwhelming majority of trophy book whitetails are found in slug-only states. Why stake the trophy of a lifetime on a shotgun designed for bird hunting? New for 2009, New England Firearms has introduced the Pardner Pump Cantilever Slug Gun.

The heavy duty cantilever mount provides a solid platform for optics and the fully rifled 22-inch barrel maximizes long range accuracy with today′s high-performance sabot slugs. The use of Ultragon™ Rifling further enhances the accuracy potential of the Pardner Pump Cantilever Slug Gun. Ultragon is a proprietary rifling design comprised of six lands and grooves without sharp edges like traditional rifling. This design imparts bullet spin without leaving sharp impressions on the sabot jacket or foster-style lead slug. The result is a better gas seal and less loss of pressure, which equals higher velocity and better accuracy. To round out this serious slug hunting combination, the Pardner Pump Slug Gun features a strong steel receiver, double action bars and a Monte Carlo-style stock in American Walnut or Black Synthetic, all at an attractive price.

Model Pardner Pump Slug (NP1-12C/NP1-2SC)
Gauge 12 (2 3/4 and 3-inch)
Stock NP1-12C American Walnut
Barrel 22 inches
Metal Finish Blued
Sights Cantilever Scope Mount
Length 42 1/8 inches
Length of Pull 14 1/2 inches
Drop at Comb 1 1/2 inches
Drop at Heel 2 1/2 inches
Weight 7 1/2 lbs.

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Remington Announces Manufacturing Consolidation Plan.

Madison, NC - April 7, 2008 - - Remington Arms Company, Inc. ("Remington"), the United States' largest firearms manufacturer, today announced a strategic manufacturing consolidation move that will result in the closure of its Gardner, Massachusetts plant ("Gardner"). This integration will be seamless and will not affect our customers or our product offerings.

"While it was a difficult decision to close Gardner, we believe that this consolidation will enhance our ability to more efficiently provide quality products at competitive prices in an increasingly demanding global marketplace." said Tommy Millner, Remington's Chief Executive Officer. "We are always looking for ways to strengthen and optimize our business in order to stay competitive, while also creating additional opportunities for our employees and better products for customers. Our number one goal is to provide our customers and end-users with the best, most innovative products at a competitive price. Consolidation of manufacturing capabilities and migration to common operating systems are expected to create efficiencies that will achieve this goal."

Throughout the remainder of 2008, the integration of Gardner′s operations is expected to result in centralized sales and marketing, streamlined operations, standardized information technology infrastructure, and common financial functionality while vigorously maintaining and promoting individual brand identity and products.

Unfortunately, an estimated 200 Gardner employees will be impacted by the closure, which is expected to be completed by the end of 2008. A number of employees will transition from Gardner to other capacities within the Company. For those not transferred, the Company will be offering severance, outplacement, and referral services in order to assist in this difficult transition.

About Remington Arms Company, Inc.

Remington Arms Company, Inc., headquartered in Madison, North Carolina, designs, produces and sells sporting goods products for the hunting and shooting sports markets under a family of famous brands including Remington, Marlin, H&R 1871, LLC, New England Firearms, LC Smith and Parker as well as solutions to the military, government and law enforcement markets. Founded in 1816 in upstate New York, the Company is one of the nation's oldest continuously operating manufacturers and is the only U.S. manufacturer of both firearms and ammunition products. With its products distributed throughout the U.S. and in over 55 foreign countries, Remington remains the largest domestic producer of shotguns and rifles. More information about the Company can be found at www.remington.com.

Forward-Looking Statements

Forward-Looking Statements: This press release includes "forward-looking statements" within the meaning of federal securities laws and they are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements give the Company's current expectations or forecasts of future events. These forward looking statements include expectations regarding (i) the closure of the Gardner, Massachusetts facility, (ii) the anticipated benefits of the closure and (iii) the timing of the closure. The Company cautions that these statements are qualified by important factors that could cause actual results to differ materially from those reflected by such forward-looking statements. Such factors include the demand for the Company's products, the Company's growth opportunities, and other risks detailed from time to time in the Company's reports filed with the SEC, including its Annual Report on Form 10-K for the fiscal year ended December 31, 2007.

The Company assumes no obligation to update publicly such forward-looking statements, whether as a result of new information, future events or otherwise.

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H&R 1871 introduces its first trap shot shotgun

Gardner, MA - November 1, 2007 - H&R 1871 proudly introduces the first ever Topper Trap Gun. Designed specifically for the sport of trap shooting, it has the features discriminating users look for in a shotgun.

The Topper Trap Gun has a 30" barrel with a raised ventilated rib with double bead sights. The carbon steel barrel is blued and polished. The receiver is carbon steel coated with electroless nickel, giving the gun an attractive, eye catching custom gun look. The gun comes with a stainless steel IM extended choke tube.

The checkered Monte Carlo stock perfectly aligns the shooter's eye with the bead sights. The stock has a trap style recoil pad for performance and comfort. Select walnut for the stock is proudly supplied by the American Walnut Company.

This new trap gun is part of H&R Topper shotgun line. Like all shotguns in this family, the Trap Gun patterns well, has a transfer bar safety and a smooth single shot action that opens with the push of a lever. It will be available in March 2008 with an MSRP of $362.00.

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H&R Ultra Varmint now available with a thumbhole stock

Gardner, MA - November 1, 2007 - H&R 1871 is now offering the popular Ultra Varmint single-shot rifle with a thumbhole pistol grip stock. The two piece stock is made from an attractive cinnamon colored laminate, with a pistol style grip and comb height optimized for eye alignment with typical varmint scopes. A rubber butt pad and steel sling swivel studs are included.

This new rifle is available in three of the most popular varmint calibers; 223 Rem., .22-250 Rem. And .243 Win. All three calibers have a heavy 24" barrel. Both the barrel and action are polished and blued carbon steel.

The checkered Monte Carlo stock perfectly aligns the shooter's eye with the bead sights. The stock has a trap style recoil pad for performance and comfort. Select walnut for the stock is proudly supplied by the American Walnut Company.

The Ultra Varmint Rifle is a model of H&R's Handi-Rifle line. Like all rifles in this line, the Ultra Varmint series is known for superb accuracy, a transfer bar safety and a smooth single shot action that opens with the push of a lever.

The Thumbhole stock Ultra Varmint comes with a hammer extension and scope mount (no iron sights). All three calibers are now available and have an MSRP of $392.00.

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H&R introduces a new stainless steel Thumbhole Ultra Hunter rifle

Gardner, MA - November 1, 2007 - H&R 1871 is now offering the popular Ultra Hunter single-shot rifle with a thumbhole pistol grip stock in the venerable 45-70 Gov't. cartridge. The two piece stock is made from an attractive cinnamon colored laminate, with a pistol style grip and comb height optimized for eye alignment with a scope. A rubber butt pad and steel sling swivel studs are included.

The action and 24" heavy barrel are stainless steel. The barrel length is perfect for maximizing contemporary high performance 45-70 Gov't. loads, yet because of H&R single shot configuration, overall length is minimized making the rifle easy to handle. Its stainless steel construction, synthetic trigger guard and fore-end spacer with a laminate stock make this gun weather resistant as well as attractive.

The checkered Monte Carlo stock perfectly aligns the shooter's eye with the bead sights. The stock has a trap style recoil pad for performance and comfort. Select walnut for the stock is proudly supplied by the American Walnut Company.

This new rifle is part of H&R's Ultra rifle line. Like all rifles in this family, the Thumbhole Ultra Hunter series is superbly accurate, has a transfer bar safety and a smooth single shot action that opens with the push of a lever.

The Thumbhole Ultra Hunter comes with a hammer extension and an installed scope base. It will be available in April 2008 with an MSRP of $445.00.

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H&R introduces a new Thumbhole Ultra Hunter rifle

Gardner, MA - November 1, 2007 - H&R 1871 is now offering the popular Ultra Slug Hunter single-shot slug gun with a thumbhole pistol grip stock in both 12 and 20 gauge. The two piece stock is made from an attractive camo colored laminate (black/brown/green), with a pistol style grip and comb height optimized for eye alignment with a scope. A rubber butt pad and steel sling swivel studs are included.

The 24" barrel is fully Ultragon™ rifled. The barrel length is perfect for maximizing the contemporary high performance shotgun slug loads, yet because of H&R's single shot configuration, overall length is minimized making gun easy to handle. Its blued carbon steel construction combined with the camo laminate stock make this gun attractive and functional.

This new shotgun is part of H&R's Ultra Slug Hunter line. Like all shotguns in this family, the Thumbhole Ultra Slug Hunter is superbly accuracy, has a transfer bar safety and a smooth single shot action that opens with the push of a lever and solidly locks closed.

The Thumbhole Ultra Slug Hunter comes with a hammer extension and scope mount (no iron sights). It will be available in 2008 with an MSRP of $375.00

Ultragon™ Rifling: H&R's Ultragon™ rifling has six oval lands and grooves without sharp corners like traditional rifling. The unique geometry, similar to parabolic rifling, imparts bullet spin without leaving sharp impressions on the sabot jacket or Foster type lead slug. This provides a perfect seal with virtually no loss of pressure and less projectile distortion inside the barrel, resulting in greater accuracy and easier cleaning.

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H&R now offers an Ultra Light Slug Hunter

Gardner, MA - November 1, 2007 - H&R 1871 is expanding the popular Ultra Slug Hunter line with a quick handling, lightweight model featuring H&R's new Ultragon™ rifling. Called the Ultra Light Slug Hunter, this new shotgun weighs almost three pounds less than the standard Ultra Slug Hunter.

The Ultra Light Slug Hunter features a fully Ultragon™ rifled 24" barrel. The barrel length is perfect for maximizing the contemporary high performance shotgun slug loads, yet, because of H&R's single shot configuration, overall length is minimized making it easy to maneuver. The barrel includes a scope base already installed, ready for use. Both the action and barrel are polished and blued carbon steel.

The stock is American hardwood with a walnut finish and has a Monte Carlo profile for proper eye alignment with a scope. The stock is capped by a ventilated recoil pad and includes sling swivel studs.

This new shotgun is part of H&R's Ultra Slug Hunter line. Like all models in this family, the Ultra Light Slug Hunter is superbly accurate, has a transfer bar safety and a smooth single shot action that opens with the push of a lever.

The Ultra Light Slug Hunter comes with a hammer extension. It will be available in March 2008 with an MSRP of $194.00.

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H&R reintroduces Ultragon™ Rifling

Gardner, MA - November 1, 2007 - Modern barrel making technology has enabled H&R to re-introduce the ultimate in rifled shotgun slug barrel technology, Ultragon™ rifling. This new rifling has six oval lands and grooves without sharp corners like traditional rifling. The unique geometry, similar to parabolic rifling, imparts bullet spin without leaving sharp impressions on the sabot jacket or Foster type lead slug. The Ultragon™ rifling design provides a perfect seal with virtually no loss of pressure and less projectile distortion inside the barrel. This not only produces better accuracy and velocity, but also longer barrel life and easier cleaning. Ultragon™ rifled slug barrels will be available on our slug gun models (Ultra Slug Hunter line, including our new Ultra Light Slug Hunter, and Tracker II models) and is only available from H&R 1871.

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H&R now offers an Ultra Light Slug Hunter

Gardner, MA - November 1, 2007 - H&R 1871 now offers a hard-hitting 10 Gauge single shot Pardner shotgun with screw in choke tubes for the waterfowl hunter.

The Pardner Waterfowl Gun has a 30" barrel with a bead front sight. The carbon steel action and barrel are polished and blued. Threaded for choke tubes (WinChoke™ pattern), it comes ready to go with a modified choke included with the gun.

The two piece hardwood stock has a pistol grip and walnut finish. Also included are sling swivel studs and a ventilated recoil pad.

This new shotgun is part of H&R's Pardner line of break-open single shot shotguns. Like all shotguns in this family, the 10 Gauge Pardner Waterfowl patterns well, has a transfer bar safety and a smooth single shot action that opens with the push of a lever. It will be available in April 2008 with an MSRP of $228.00.

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Remington to Acquire Marlin Firearms

Deal positions Marlin and its various brands for growth

Madison, North Carolina - 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."

About Remington Arms Company, Inc.

Remington Arms Company, Inc., headquartered in Madison, N.C., designs, produces and sells sporting goods products for the hunting and shooting sports markets, as well as solutions to the military, government and law enforcement markets. Founded in 1816 in upstate New York, the Company is one of the nation's oldest continuously operating manufacturers. Remington is the only U.S. manufacturer of both firearms and ammunition products and one of the largest domestic producers of shotguns and rifles. The Company distributes its products throughout the U.S. and in over 55 foreign countries. More information about the Company can be found at www.remington.com.

About Marlin Firearms Inc.

Established in 1870, The Marlin Firearms Company's brands include Marlin, Harrington & Richardson, New England Firearms and L. C. Smith. Under its various brands, Marlin produces an array of lever action, bolt action, and semi-automatic rifles, a wide variety of break-open single shot shotguns and rifles as well as muzzleloaders and combo sets. The company maintains a corporate Headquarters and manufacturing plant in North Haven, Connecticut as well as a manufacturing facility in Gardner, Massachusetts.

Forward-Looking Statements

This press release includes "forward-looking statements" within the meaning of federal securities laws. Forward-looking statements give the Company's current expectations or forecasts of future events. These forward looking statements include expectations regarding (i) the proposed acquisition, (ii) the anticipated benefits of the acquisition and (iii) the timing of the proposed acquisition. The Company cautions that these statements are qualified by important factors that could cause actual results to differ materially from those reflected by such forward-looking statements. Such factors include the demand for the Company's products, the Company's growth opportunities, and other risks detailed from time to time in the Company's reports filed with the SEC, including its Form 10-K Report for the fiscal year ended December 31, 2006.

The Company assumes no obligation to update publicly such forward-looking statements, whether as a result of new information, future events or otherwise.

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