January 3rd, 2008

Marlin Sells for $41.7 Million

Following up on our recent story on the Sale of Marlin Firearms to Remington Arms, here are more details of the deal. Remington Arms will purchase all of Marlin’s stock for $41,700,000 according to documents filed with the U.S. Securities and Exchange Commission. The deal is expected to conclude by the end of January. Both Remington and Marlin will now be under the umbrella of Cerberus Capital Managment, which acquired Remington Arms in April of 2007. This deal combines two of the most storied American arms-makers. Remington was founded nearly two centuries ago, in 1816. John M. Marlin, who worked for Colt during the Civil war, started his own business in 1870, initially making derringers and revolvers.

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