Remington sold to New York firm.

From: The Paducah Sun (Paducah, KY) | Date: April 8, 2007 | Copyright information

Apr. 8--HICKORY, Ky. -- It was not immediately known if the sale of Remington Arms Co., a North Carolina-based gunmaker, would affect operations at the firearms manufacturing plant here. Efforts to contact managers with the Graves County plant Saturday were not successful. In an announcement made Thursday, Remington said it was being acquired by Cerberus Capital Management LP, a New York equity firm, for $118 million. The transaction is expected to be completed by June 28. The Hickory plant manufactures a family of Model 597 advanced autoloading rimfire rifles, ...

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