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Author Topic: Marlin/NEF H & R sold??  (Read 6943 times)

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Offline frankkj

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Marlin/NEF H & R sold??
« on: December 26, 2007, 11:11:49 AM »
I received word a short time ago that Service, the group that owns Chrysler, Remington, etc., just purchased Marlin and NEF.  Anyone else aware of this?

Frank

I got the name of the company wrong.  It is Cerberus, not Service. Kind of sounds alike though.
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Offline canon6

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Re: Marlin/NEF H & R sold??
« Reply #1 on: December 26, 2007, 11:36:27 AM »
It just showed up on Leverguns with a link to a CNN Business news.I dont know what to think ??????  HELP Quick LOL  Doug
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Offline quickdtoo

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Re: Marlin/NEF H & R sold??
« Reply #2 on: December 26, 2007, 11:40:46 AM »
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Offline frankkj

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Re: Marlin/NEF H & R sold??
« Reply #3 on: December 26, 2007, 11:44:00 AM »
Maybe an infusion of cash and fresh ideas will help. At least I hope it doesn't hurt. I've just got to believe that the group made an investment in the future of both companies.

Frank
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Offline 30-06man

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Re: Marlin/NEF H & R sold??
« Reply #4 on: December 26, 2007, 11:44:18 AM »
I don't know what to think about this.  :'(
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Offline trotterlg

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Re: Marlin/NEF H & R sold??
« Reply #5 on: December 26, 2007, 11:48:47 AM »
This is GREAT!  now NEF's customer service will be just as good as Remington's is.   :-[  Larry
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Offline 30-06man

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Re: Marlin/NEF H & R sold??
« Reply #6 on: December 26, 2007, 11:50:40 AM »
I am worried about NEF going to some foreign country now or just getting put out of business.
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The sportsman lives his life vicariously. For he secretly yearns to have lived before, in a simpler time. A time when his love for the land, water, fish and wildlife would be more than just part of his life. It would be his state of mind

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Offline frankkj

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Re: Marlin/NEF H & R sold??
« Reply #7 on: December 26, 2007, 12:25:31 PM »
Sure wish I had the funds to buy the 45-70 Buffalo Classic I want, and the 30-30, and the 22" 45-70, and the 25-06 ultra, and the ...........  You get the picture.

Frank 
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Offline DIANAL

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Re: Marlin/NEF H & R sold??
« Reply #8 on: December 26, 2007, 12:54:40 PM »
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Offline quickdtoo

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Re: Marlin/NEF H & R sold??
« Reply #9 on: December 26, 2007, 12:57:01 PM »
Diana, that link looks familiar!!  :D

thx,

Tim
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Offline indydave

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Re: Marlin/NEF H & R sold??
« Reply #10 on: December 26, 2007, 01:06:04 PM »
great   they have my gun     i wonder if i will get it back?    wonder if they will follow thru with what i was told    hmmmmmm
great concern here!!!!!!!!!!! :o >:(
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Offline ccoorreeyy

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Re: Marlin/NEF H & R sold??
« Reply #11 on: December 26, 2007, 01:15:38 PM »
To bad NEF don't own NEF and Remington don't own Remington!  Old times are gone.
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Offline Jimbo47

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Re: Marlin/NEF H & R sold??
« Reply #12 on: December 26, 2007, 01:29:37 PM »
Not a good thing when a big company gobbles up smaller company!

First thing they will do is streamline in order to cut cost.

I've seen it happen with a company I used to work for, and it's always about the bottom line, and contrary to what they would have you believe, the customer will not have the last say, if any at all, most of the time.
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Offline quickdtoo

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Re: Marlin/NEF H & R sold??
« Reply #13 on: December 26, 2007, 01:32:19 PM »
Quote from: indydave on December 26, 2007, 01:06:04 PM
great   they have my gun     i wonder if i will get it back?    wonder if they will follow thru with what i was told    hmmmmmm
great concern here!!!!!!!!!!! :o >:(

No need for the Chicken Little thinking, you'll get it back, I wouldn't worry about that, give CS a call and find out when it's due back, that should make ya feel better. I suspect they'll be closed again next Monday as they were this week.

Tim
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Offline dracphelan

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Re: Marlin/NEF H & R sold??
« Reply #14 on: December 26, 2007, 01:49:57 PM »
Well, this can be good or bad. Generally speaking Cerberus is pretty hands off and an infusion of cash could be a good thing. However, it is Cerberus through Remington that is buying Marlin/NEF. Remington is the one that imports some so-so single shots from Turkey. I am afraid they will try to foist these off as NEF/H&R firearms. Remington is also the company that sells the 710/770 bolt actions (about the worst bolt action rifles I've ever handled). Another good side thing we might look at is how they handled product lines under Bushmaster. They just had Bushmaster make an AR15 for Remington. Maybe Remington wants a good single action rifle line for themselves.
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Offline handi243

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Re: Marlin/NEF H & R sold??
« Reply #15 on: December 26, 2007, 02:00:04 PM »
Now the handis will look like the remington single shots :'(
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Offline 30-06man

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Re: Marlin/NEF H & R sold??
« Reply #16 on: December 26, 2007, 02:03:19 PM »
Maybe they will scrap the current single shots and have NEF make them a single shot rifle and shot guns and have LCsmtih covering the O&U and SxS. I bet they will do that. And have marlin take over the rim fires and keep all the rest the same. Just my 2cents
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Offline quickdtoo

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Re: Marlin/NEF H & R sold??
« Reply #17 on: December 26, 2007, 02:17:39 PM »
H&R already has the Chinese 870 clone, Remington has Russion Spartans, so no change for Remington there.

Tim
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Offline 30-06man

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Re: Marlin/NEF H & R sold??
« Reply #18 on: December 26, 2007, 02:21:56 PM »
Do you think they would scrap the Chinese 870?
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The sportsman lives his life vicariously. For he secretly yearns to have lived before, in a simpler time. A time when his love for the land, water, fish and wildlife would be more than just part of his life. It would be his state of mind

Rick

Offline DalesCarpentry

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Re: Marlin/NEF H & R sold??
« Reply #19 on: December 26, 2007, 02:32:26 PM »
Only time will will tell. I would hope they get rid of them Spartans ( THAT IS HARD TO MOUNT A SCOPE RIGHT ) and replace them with a H&R NEF product. Dale
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Offline Jimbo47

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Re: Marlin/NEF H & R sold??
« Reply #20 on: December 26, 2007, 02:33:51 PM »
I've got an old American made Winchester model 94 that's gone way up in value.

Now all I have to do is make sure I don't sell my American made Handi rifle!
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My culled down Handi's are the 45-70, and then I have a few others to keep it company...357 Mag/Max. .45 LC/.454 Casull Carbine, .243 Ultra, and 20 gauge Tracker II.

Offline carbineman

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Re: Marlin/NEF H & R sold??
« Reply #21 on: December 26, 2007, 02:40:27 PM »
My guess which is just as irrelevant as anyone elses quess  is that nothing much will change. The handi platform will keep on being a do it yourself type of proposition, for the amateur jack of all guns type of hombre.
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Offline Stan in SC

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Re: Marlin/NEF H & R sold??
« Reply #22 on: December 26, 2007, 02:55:13 PM »
The same company bought DPMS last week.
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Offline 30-06man

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Re: Marlin/NEF H & R sold??
« Reply #23 on: December 26, 2007, 03:05:23 PM »
Quote from: Stan in SC on December 26, 2007, 02:55:13 PM
The same company bought DPMS last week.

This is making Graybeards point seem more and more true. (marlin forum same topic rem buying marlin) Added below.
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The sportsman lives his life vicariously. For he secretly yearns to have lived before, in a simpler time. A time when his love for the land, water, fish and wildlife would be more than just part of his life. It would be his state of mind

Rick

Offline 30-06man

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Re: Marlin/NEF H & R sold??
« Reply #24 on: December 26, 2007, 03:07:10 PM »
Quote from: Graybeard on December 26, 2007, 11:44:16 AM
This the second such purchase in recent years that absolutely blows my mind.

Remington has been on the verge of bankruptcy for years and up for sale themselves many times. Recently they were purchased by Cerberus an investment conglomerate and now just barely over being purchased are buying yet another company.

S&W did the same buying out TC just a short while ago after themselves being bought only a short while prior under pretty dire circumstances.

In some ways these deals make me happy and in some make me very leery. Clearly they seem now to have more operating capaital than when the companies were independent and standing on their own but having so few owners of so many firearms manufacturers kinda bothers me as well. All it would take is some super rich person who hates guns to buy up one or more of these new multi-name companies to almost end firearms production in the US. That worries me as there are plenty of folks out there with enough money and enough hatred of guns.
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The sportsman lives his life vicariously. For he secretly yearns to have lived before, in a simpler time. A time when his love for the land, water, fish and wildlife would be more than just part of his life. It would be his state of mind

Rick

Offline DalesCarpentry

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Re: Marlin/NEF H & R sold??
« Reply #25 on: December 26, 2007, 03:15:02 PM »
GB makes a very good point!!!!!!!! I have never thought of that. Dale
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Offline PartsMan

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Re: Marlin/NEF H & R sold??
« Reply #26 on: December 26, 2007, 03:43:33 PM »
Being that it is an investment company I don't think they will change anything as long as H&R is making money.
Just because they are owned by the same investors doesn't mean they will have anything in common.

It is a shame these days that no company owns itself or makes it's own product.
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Offline RugerNo3

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Re: Marlin/NEF H & R sold??
« Reply #27 on: December 26, 2007, 04:26:59 PM »
Cerberus owns Chrysler Corp. as well. Mitt Romney turned Cerberus around before he got the Utah Olympics on track.
Now he wants to be POTUS.
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Offline Busta

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Re: Marlin/NEF H & R sold??
« Reply #28 on: December 26, 2007, 04:30:30 PM »
Another link to the release. I haven't read the Fox release yet, so this is probably a clone of that. Must be Remington didn't like H&R selling a clone of their 870 in the US. This is the sort of thing Companies do to set themselves up for bankruptcy, whether planned or not.

http://money.cnn.com/news/newsfeeds/articles/prnewswire/NYW02426122007-1.htm
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Offline just bill

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Re: Marlin/NEF H & R sold??
« Reply #29 on: December 26, 2007, 04:42:50 PM »
Quote from: Jimbo47 on December 26, 2007, 02:33:51 PM
I've got an old American made Winchester model 94 that's gone way up in value.

Now all I have to do is make sure I don't sell my American made Handi rifle!

Chuckle...... :D.........I have a couple old extremely well/over built Winchesters also that shot up in value.

I highly doubt we will ever see anything close to that with Handis  :D
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