Contact Us
West Orange Daily Voice serves Deerpark, Greenville, Middletown, Minisink, Mount Hope, Port Jervis & Wawayanda
Return to your home site

Menu

West Orange Daily Voice serves Deerpark, Greenville, Middletown, Minisink, Mount Hope, Port Jervis & Wawayanda

Nearby Towns

  • North Rockland
    serves Garnerville, Grassy Point, Stony Point, Thiells, Tomkins Cove, Village of Haverstraw & West Haverstraw in Haverstraw Town
  • Ramapo
    serves Airmont, Chestnut Ridge, Hillburn, Hillcrest, Kaser, Monsey, Montebello, Mount Ivy, New Hempstead, New Square, Pomona, Sloatsburg, Spring Valley, Suffern, Tallman, Viola & Wesley Hills
  • North Orange
    serves Crawford, Hamptonburgh, Middletown, Montgomery, New Windsor, Newburgh & Wallkill
  • South Orange
    serves Blooming Grove, Chester, Cornwall, Goshen, Highlands, Monroe, Tuxedo, Warwick & Woodbury
business

Remington, Maker Of Rifle Used By Newtown Shooter, Files For Bankruptcy

A Remington sniper rifle Photo Credit: Wikipedia
The Wall Of Remembrance includes black-and-white photos of the 26 victims of the Sandy Hook School shooting in Newtown. Photo Credit: Chris Hoelck

Remington, a rifle company founded in Utica, N.Y. 202 years ago , filed for bankruptcy protection on Sunday, March 25 due to declining sales.

One of its rifles was used in the notorious school shooting at Newtown in 2012.

The shooting at Sandy Hook Elementary School in left 26 people dead, including 20 children.

In its Chapter 11  filing in Delaware federal court, Remington said it was $100 million to $500 million in debt and hoped to continue to operate while under bankruptcy protection. It estimated its assets were as between $100 million and $500 million, according to this report.

Now based in North Carolina, the company was acquired in 2007 by the private equity firm Cerberus Capital Management for $118 million. The firm merged with the the maker of the Bushmaster rifle, into a company called Freedom Group.

l

to sign up for Daily Voice's free daily emails and news alerts.

Welcome to

West Orange Daily Voice!

Serves Deerpark, Greenville, Middletown, Minisink, Mount Hope, Port Jervis & Wawayanda

Get the news you need to know on the go.

Welcome to

West Orange Daily Voice!

Serves Deerpark, Greenville, Middletown, Minisink, Mount Hope, Port Jervis & Wawayanda

Hi! You've read our articles so we know you like our reporting. To keep reading please join our mailing list.

Get important news about your town as it happens.