dakota arms
I have noted that Remington purchased Dakota Arms recently. That seems to be an interesting digression for them: high end vs. mainstream firearms. Cerberus owns Remington, and their investment in Chrysler probably has not panned out too well for them. Perhaps they are hoping that they can do better in firearms.
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I thought Dakota went out-of-business. 0 -
Remingtonr Acquires Dakota Arms
Remington Arms Company, Inc. through its fully owned subsidiary DA Acquisitions LLC has entered into a purchase agreement to acquire certain assets of Dakota Arms, LLC including the Dakota, Miller Arms, Dan Walter and Nesika Bay Precision brands. The transaction closed on June 5, 2009.
Madison, NC (PRWEB) June 8, 2009 -- Remington Arms Company, Inc. through its fully owned subsidiary DA Acquisitions LLC has entered into a purchase agreement to acquire certain assets of Dakota Arms, LLC including the Dakota, Miller Arms, Dan Walter and Nesika Bay Precision brands. The transaction closed on June 5, 2009.Established in 1982 and headquartered in Sturgis, South Dakota, Dakota Arms is the leading manufacturer of custom and semi-custom rifles for the sporting markets.
The Dakota product lines are universally recognized for outstanding quality, design, accuracy and aesthetic appeal. The Dakota brands include Nesika, Miller Arms and Dan Walter. Nesika Bay Precision actions and rifles renowned for their exceptional accuracy; Miller Arms is known for the reliability and performance of its single-shot actions and custom rifles; and Dan Walter Cases are regarded as the premier travel and display cases for shotguns and rifles. Dakota Arms is strongly anchored in the Black Hills of South Dakota and currently employs 35 people.
"I am pleased to announce that Dakota Arms is joining Remington and the Freedom Group of companies," stated Ted Torbeck, CEO Remington Arms Company, Inc. and Freedom Group Inc. "Dakota Arms is an icon within the industry and its fine products exemplify quality, craftsmanship and attention to detail. Dakota is the perfect compliment to our industry leading family of brands. We look forward to continue to develop and expand the Dakota brand and thank all its employees for their continued dedication and success of Dakota Arms."
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 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, Bushmaster, DPMS/Panther Arms, Marlin, Harrington & Richardson, New England Firearms, L.C. Smith, Parker, EOTAC, and INTC.
Depending on the terms of the purchase, this could give Remington access to a controlled round feed action as well as a refined single shot rifle action and a stable of shotguns. The one that could be a problem is Nesika Bay...
Given Remington's failures with the M798, the Russian and Turkish shotguns and the attempt to bring an inexpensive double rifle into the mix, I don't find their purchase surprising at all.
The Dakota M76 action is a direct application of the Winchester Model 70 Pre-'64 features.
The Dakota Model 10 is a Farquharson design which relates to the Ruger #1 action as well.
The Dakota shotguns are built in conjunction with Ferlib of Italy.
It will be interesting to see how Remington sets this unit up for operation. According to the news releases, all 35 employees have been retained and are on the job.
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I was recently in upper New York and toured the Remington plant in Ilion, NY. Apparently the H & R firearms are bing made there now. Marlin is still produced in Conn. 0 -
As a farmer, we've been seeing this type of buying in our industry for some time now. Company buys up other successful companies not only to augment their present line, but to them, buys market share, ends a competitor, cheap (for the buyer) research that already is proven, avoids patent infringement suites/royalties and new concepts/ideas that for some reason they couldn't see. The downside is that new inovations either are lost/scrapped/avoided
in favor of the bigger company's and original design now just becomes more of the same, ie, looked at cars, pickups lately how they all look alike?0 -
Well I hope that Remington has corrected themselves, and let the bean counters do just that count beans. When they get into managment, a lot of corners get cut, and innovation suffers too, although I will say Big Greens innovations in the last 25 years have been rather HO HUM...in the line of firearms. They have acquired a fine company, and I hope they don't just keep what they want and sell off the rest, or just bury it all.
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While I was in New York I learned a couple of interesting facts. 1. Remington has hired 150 new workers since Jan. 1. 2. Remington is the second largest employer in the Utica area. The largest is a casino at Verona, NY. At one time there were a lot of cotton mills in the Utica area but they have been closed for many years. 0 -
It is hard for us New Yorkers to not remember what Big Green was, and what they did, and what they have done. The 150 new employee's in the Utica area is of little consequence.
They moved out of Illion about 10 years ago, moved head quarters, and some of their manufacturing operations for the major lines. The area was devistated by the job loss, and the firearms that used to be, were now of failing quality. Sounds pretty close to the story of Winchester/FN shutting down the NewHaven plant, doesn't it?
Yes, they still have the Custom Shop there, and a few other incidental items at Illion if I remember correctly. They even might be making some of their other acquired lines there. But their lack of ethics, and quality are standing in the forfront to us here in NY.
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Not to turn this in to a political rant, but much of the challenge for a firearms manufacturer in New York/New England is the confiscatory tax policies of the state governments. A notable exception being New Hampshire of course. Not to mention the general anti-gun political environment. Which doesn't excuse mediocre products but the tax situation does help to explain why the "bean counters" are forced to cut costs wherever they can. They're surely not doing it to benefit the shareholder of the companies as financial results, other than for the last year or two, have been poor. 0 -
I have deep admiration for the Dakota rifles, and have longed for a nice Model 76. I hope that the acquisition by Remington helps them continue their tradition of fine firearms so I can buy one someday. 0 -
ZI am just glad I bought my Remington before Cerberus bought Remington.[^] I wish I did not have my eye on an 887.[:(] 0
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