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JJE Capital to Pay $2.15 Million for Five Remington Brands

Oct. 26, 2020, 10:10 PM

Remington Outdoor Co. Inc. is finalizing a $2.15 million sale of several brands to South Carolina private equity firm JJE Capital Holdings LLC, one of seven companies that will eventually take over the bankrupt gun maker’s businesses.

JJE Capital agreed to pay $1.9 million for Remington’s DPMS, Storm Lake, AAC, and H&R brand products and $250,000 for the Parker brand, Remington said in Oct. 23 filings with the U.S. Bankruptcy Court for the Northern District of Alabama

The sale follows an auction in September in which Columbia, S.C.-based JJE Capital placed the starting $65 million “stalking horse” bid for Remington’s ...