Sturm, Ruger & Company Inc. announced the closing of its acquisition of substantially all of the Marlin Firearms assets.
The agreement to purchase these assets emanated from the Remington Outdoor Company, Inc. bankruptcy and was approved by the United States Bankruptcy Court for the Northern District of Alabama on September 30, 2020. The purchase price of approximately $28.3 million was paid with available cash on hand.
Christopher J. Killoy, CEO, said, “Since we announced the agreement to purchase Marlin in September, we have heard from countless members of the firearms community — consumers, retailers, distributors, writers, and collectors — who are delighted that legendary Marlin rifles are now part of the Ruger product family. We are excited to start moving these assets to our Ruger facilities and setting up the manufacturing cells that will produce Marlin rifles for years to come. We look forward to re-introducing Marlin rifles in the latter half of 2021.”