Remington & Sons was founded in Ilion, New York 1816 by Eliphalet Remington II (1793–1861). Eliphalet Remington knew he had the skill to build a better gun than ones he could find on the market. Remington was 23 when he entered a shooting competition and took second place. Although he didn’t win, his flintlock rifle got a lot of attention. Remington was approached by many of the other shooters by the end of the day, asking to buy one of his guns. His company had become official with the help of his father, a blacksmith.
On March 7, 1888, the company was sold to Marcellus Hartley and Partners. The group included sporting goods chain Hartley and Graham of New York, New York. The company also owned Winchester Repeating Arms Company and the Union Metallic Cartridge Company. The company changed its name to the Remington Arms Company and moved to Bridgeport, Connecticut.
The Remington Arms Company
Remington is the oldest firearms manufacturer in the U.S. Remington is also the largest producer of rifles and shotguns in the U.S. They are the only company that makes firearms and ammunition. The original Ilion, New York plant is still standing and making high quality goods. The site also has a retail store and museum.
During WWI, Remington landed several military contract, including Enfield rifles for Britain M1907-15 Berthier rifles for France, and 1891 Mosin-Nagant rifles for Russia. Remington almost went bankrupt during the war when the Russian Imperial government ordered a large number of guns but had no way to pay for them. They insisted that the guns were faulty and refused to pay. Eventually, the U.S. stepped up and bought the guns, saving the company.
Remington Expands its Catalog
The 1920s saw a new period for Remington. They began making household utensils, cash registers and cutlery like hunting knives and pocketknives. They also began to sell clothing with the Remington logo, something that they discontinued in 1955.
DuPont bought Remington Arms in 1936, during the height of the Great Depression. It was also the year Remington went international, buying an ammunition manufacturer in Brazil.
In 1940, Remington built an ordinance plant in Independence, Missouri. They company opened five plants during WWII, one of which manufactured their legendary M1903 .30-06 Springfield bolt action rifle.
In the 1990s, Remington returned to making handguns.
Remington Ammo Today
Remington continued to build on its product line in the 21st Century. It began to make security and surveillance systems along with firearms and ammo. Remington created Spartan Gunworks, a subsidiary tasked with making an affordable high-quality shotgun.
In 2007, Cerberus Capital Management, a private equity company, bought Remington. The company’s name changed, ending with its current name – the Remington Outdoor Company.
The company had several good years until it saw a drop in sales and profitability. They filed for in March 2018.