Ruger Completes Marlin Firearms Acquisition
The Marlin Firearms brand -- a famous line of lever-action rifles, bolt-action hunting rifles, and .22 rimfire semi-automatic long guns -- became the property of Sturm, Ruger & Company (NYSE: RGR) as the final step in an acquisition that began earlier this year. Marlin Firearms was previously owned by Remington Outdoor Company, which went bankrupt and was fully liquidated in September 2020.
Marlin's lever-action rifles became popular with the rising use of scopes in the last two decades of the 20th century, with their side ejection making scope mounting easier. The rifles' sturdiness also allowed chambering in heavier calibers than many competing lever-action long guns. When the company received bankruptcy court approval for the acquisition on Sept. 30, Ruger CEO Chris Killoy noted that Marlin's brand "aligns perfectly with ours," and that "the Marlin product portfolio will help us widen our already diverse product offerings."
Image source: Getty Images.
Source Fool.com
