"There is no limit to what a man can do or where he can go if he doesn't mind who gets the credit." - President Ronald Reagan.

Buy The Amazon Kindle Store Ebook Edition

Buy The Amazon Kindle Store Ebook Edition
Get the ebook edition here! (Click image.)

Wednesday, November 10, 2021

Remington Firearms Moving H.Q. To Georgia

Above, along with firearms, the Remington brand also includes ammunition. Photo by Armand Vaquer.

New York's loss is Georgia's gain.

The disease that is called liberalism has driven out another manufacturer out of a blue state.

This time, it is Remington Firearms, a leading manufacturer of firearms and ammunition, is moving its headquarters out of hostile New York state to the much friendlier state of Georgia.

According to Fox Business:

Remington Firearms, the country’s oldest gun manufacturer, will be moving its headquarters from Ilion, New York, to Georgia, the company announced Monday. 

As part of the deal, the company said it would invest $100 million in the operation and hire 856 people over a five-year period in Troup County. 

It was not immediately clear what effect the transfer would have on Remington's operations in New York and Tennessee. The company owns the parts of the former Remington Outdoor Co. which makes rifles, shotguns, and some handguns after the former parent auctioned its assets in pieces last year during a bankruptcy proceeding in Alabama.

Investors doing business as the Roundhill Group purchased the Remington-branded gun-making business, including operations in Ilion, New York, and Lenoir City, Tennessee, for $13 million.

Remington began making flintlock rifles in 1816. It swelled into a firearms conglomerate, but faced slumping sales, complaints about quality, and legal pressure over the 2012 Sandy Hook school massacre, in which 26 people – including 20 children – were killed. 

The company’s move comes as other gun makers have been ditching the northeast amid growing hostility there and moving to more politically welcoming states. 

To read more, go here

No comments:

Search This Blog