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Search resuls for: "Bushmaster Firearms"


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Remington is consolidating its operations in Georgia, a state the company says is friendlier to the firearms industry. Mayor John Stephens meets with village board members under a seal portraying Eliphalet Remington holding a long gun. The four-story, brick plant by Armory Street and Remington Avenue looms over the community about 55 miles (90 kilometers) east of Syracuse. The Ilion plant went to a group of investors called the Roundhill Group as part of a $13 million bid. After months of union negotiations, the firearms plant reopened in the spring of 2021.
Persons: — Remington, Eliphalet Remington, Sandy, Remington, it’s, , Jim Conover, Mayor John Stephens, Conover’s, Frank “ Rusty ” Brown, , Brown, RemArms, Ken D’Arcy, “ They've, Daniel Mendez, Stephens, Michael Disotelle, Sandy Hook, we’re, ” Stephens Organizations: Remington, Mayor, Street, United Mine Workers of America, Remington Firearms, Republican, New, Smith & Wesson, Cerberus Capital Management, Remington Arms, Bushmaster Firearms, Co, Vista Locations: Mohawk, Georgia, Sandy Hook, Detroit, Syracuse, New York, New York City, Tennessee, Springfield , Massachusetts, LaGrange , Georgia, Erie, Ilion
In December 2005, five groups of Wall Street investors flew in private jets to Portland, Maine, where they took waiting limousines to a warren of metal buildings that resembled a midsize lumberyard. They had come to Bushmaster Firearms in pursuit of a highly profitable product whose market was growing faster than any other in America’s stagnant gun industry. The product was the AR-15, and red-hot Bushmaster, the nation’s leading manufacturer of the rifle, had decided to auction itself to the highest bidder.
Organizations: Wall Street, Bushmaster Firearms Locations: Portland , Maine
REUTERS/Lucas JacksonCompanies Smith & Wesson Brands Inc FollowDec 20 (Reuters) - The upstate New York city of Buffalo on Tuesday filed a lawsuit in state court accusing major gun manufacturers of fueling violence through irresponsible marketing and sales practices. Defendants in the lawsuit include Smith & Wesson Brands Inc (SWBI.O), Beretta USA Corp, Bushmaster Firearms Industries Inc, Colt's Manufacturing Co LLC and Glock Inc. The city is seeking an unspecified money award to combat gun violence. The case appeared to be the first time a city has sued major gun companies under a 2021 New York law that allows lawsuits against gun makers and sellers for creating a "public nuisance" through their business practices. Reporting By Brendan Pierson in New York; Editing by David GregorioOur Standards: The Thomson Reuters Trust Principles.
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