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Christmas Comes Early In Ilion, New York: Remington Outdoor Company Avoids A Political Fire Sale


Christmas has come early in Ilion, New York, site of America’s oldest factory still making its original product—guns. George Kollitides, chairman and CEO of Remington Outdoor Company, Inc., (ROC), a group formerly known as Freedom Group, Inc., sent his employees a memo to let them know they’re buying out unhappy stockholders instead of selling ROC under political duress. No more making guns under the threat of an imminent sale, no more wondering what might happen any moment to this little town living around the beating brick heart of a gun factory since 1816..."

Read more at the link.

http://www.forbes.com/sites/frankminiter/2013/12/19/christmas-comes-early-in-ilion-new-york-remington-outdoor-company-avoids-a-political-fire-sale/
 

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This probably won't make our dictator Andrew M.(Mussolini) Cuomo very happy, but I'm glad they are staying. I sincerely hope other businesses not located in NY set up in a FREE State and maybe our socialist leaders will get the message. Lil Deuce is offering new businesses a tax free environment like 10 years with no sales tax, no income tax, etc. We poor bastards still living here are supposed to make up the difference. Larry Evans
 

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I had heard Kollitides was a big Obama supporter, if this is true, I would find anything he did to be suspect.
 

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JT27,

Don't need to read too much into that, necessarily.

Any company that has government contracts, by necessity will have to play the political glad-handing game.

Remington supplies rifles for the military - to protect those contracts they are obligated to 'play nice' with the ruling party.

I've a good friend, who is to the right of Genghis Kahn, on his office wall are pictures of him with every President since George Bush, Sr.

Needless to say we torment him for the photos of him with Slick Wille and OhBummer...
 

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And anti-gun states learn there is no united front and that large gun companies will cave in to their anti-gun legislation rather than support gun owners and the Second Amendment.
 
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