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Author Topic: Remington Acquires Dakota Arms  (Read 693 times)

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Offline Rangr44

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Remington Acquires Dakota Arms
« on: June 07, 2009, 04:19:00 AM »
Remington® Acquires Dakota Arms
 
   
Madison, NC – Remington Arms Company, Inc. through its fully owned subsidiary DA Acquisitions LLC has entered into a purchase agreement to acquire certain assets of Dakota Arms, LLC including the Dakota, Miller Arms, Dan Walter and Nesika Bay Precision brands. The transaction closed on June 5, 2009.

Established in 1982 and headquartered in Sturgis, South Dakota, Dakota Arms is the leading manufacturer of custom and semi-custom rifles for the sporting markets. The Dakota product lines are universally recognized for outstanding quality, design, accuracy and aesthetic appeal. The Dakota brands include Nesika, Miller Arms and Dan Walter. Nesika Bay Precision actions and rifles renowned for their exceptional accuracy; Miller Arms is known for the reliability and performance of its single-shot actions and custom rifles; and Dan Walter Cases are regarded as the premier travel and display cases for shotguns and rifles. Dakota Arms is strongly anchored in the Black Hills of South Dakota and currently employs 35 people.
"I am pleased to announce that Dakota Arms is joining Remington and the Freedom Group of companies,” stated Ted Torbeck, CEO Remington Arms Company, Inc. and Freedom Group Inc. “Dakota Arms is an icon within the industry and its fine products exemplify quality, craftsmanship and attention to detail. Dakota is the perfect compliment to our industry leading family of brands. We look forward to continue to develop and expand the Dakota brand and thank all its employees for their continued dedication and success of Dakota Arms.”

 
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Offline Swampman

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Re: Remington Acquires Dakota Arms
« Reply #1 on: June 07, 2009, 10:06:14 AM »
More good news.  Things will improve at Dakota.
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Offline mjbgalt

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Re: Remington Acquires Dakota Arms
« Reply #2 on: June 07, 2009, 12:20:15 PM »
yeah the bolt handles might start falling off and they will all have nasty asphalt-looking sandblast instead of bluing.

 ;D ;D ;D

you know i had to do that swampy...

-Matt
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Offline MZ5

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Re: Remington Acquires Dakota Arms
« Reply #3 on: June 07, 2009, 02:48:36 PM »
Am I the only one who thinks this has nothing whatever to do with Remington?  This is just business as usual for Cerberus.  Buy things as fast as you can, and 'realign' the 'brands.'  Sometimes good things happen to companies that are cash-starved and in possible peril of failure, but mostly the names are commoditized and the underlying companies are destroyed.
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Offline Cheesehead

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Re: Remington Acquires Dakota Arms
« Reply #4 on: June 07, 2009, 02:51:44 PM »
I wonder if the Dakota cartridges will continue?

Cheese
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Offline saltydog

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Re: Remington Acquires Dakota Arms
« Reply #5 on: June 08, 2009, 07:10:17 AM »
Dakota Arms has had a hard time making it over the past several years - it has not been that long since they were in chapter 11 - hopefully this will be for the better - not sure how the Remington Custom shop will feel about the deal unless they move it in house to Remington's shop. The Remington Custom shop puts out some very nice products that have nothing to do with the cost reductions we see in some of the other Remington firearms. Remington is not alone as the other manufacturers are chasing the price point and declining sales in hunting type rifles dollars. The economy and price of ammo has had a large effect on the non-tactical / defense firearms market.
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Offline melloman

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Re: Remington Acquires Dakota Arms
« Reply #6 on: June 08, 2009, 09:31:46 AM »
Remember those mauser rifles made in Europe. There was the Wentworth and the Interarms MarkX. Then they became the Charles Daly mausers. Good rifles and fair prices. Then Remington bought them and the prices shot through the roof. Look for Dakota prices to go up too. My 2 cents.
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Offline Skunk

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Re: Remington Acquires Dakota Arms
« Reply #7 on: June 08, 2009, 09:55:40 AM »
Quote from: melloman on June 08, 2009, 09:31:46 AM
Look for Dakota prices to go up too. My 2 cents.

I'm not sure they could get much higher in price than they are already. Talk about expensive.
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