This was one of the acquisitions of the brilliant minds at work in Oberndorf:
It only cost € 41mio ($46.8mio), can't go wrong with investing in hoes....wait......
Sooo......HK now belongs to a finance holding from Luxembourg.
Having a majority share holder who's a pure finance company is usually bad news.
What do you think will happen now? Shrink HK to core competences and cancel all civilian products? Throw more money into the black hole that is HK and restart civilian rifle production?
What will happen to HK USA? Is it coincidence that the MRs, USCs etc are now listed as limited production items?
Why is the HK management so absurdly incompetent and corrupt? Will it get better now?
It has been a very bad thing for Remington (and by extension Bushmaster, DPMS, Para Ordinance, Tapco, Kleenbore and maybe Marlin...)Having a majority share holder who's a pure finance company is usually bad news
It stank on Ice for Smith & Wesson a double decade ago.
Incompetent management is nothing new for a firearm company.
I can probably list a double dozen examples if not more and then another dozen examples of disrespect for their consumers.
Hedge Funds and Private Equity are the death of good corporate culture and companies that want to make things that people want and need. They are all about squeezing every bit of everything out of everyone and everything for themselves
Take no prisoners make no apologies. They have destroyed US manufacturing and pretty much most things they touch. Because if it is worth something, they buy it, trim overhead and sell or take public. They reap huge rewards and workers, middle management and customers get €ucked. Has to be the worst possible export ‘Merica has... .
"Just because you're paranoid doesn’t mean they're not after you!"
My stock just split!!!
I work for a company that was essentially purchased by Bane Capital. They turned us into a profitable company (and then spun us off in a merger). Is that a possibility with HK? I’m not a businessman, just curious (or at least hopefull).
Here is an article on the Remington, Cerberus Capital Management, Freedom Group dynamic. Basically debt was shoved into Remington while liquid funds were pumped out.
you cannot ever tell what to expect from things like this. it could vary from things never change, to the company stripping any value out and then flipping it to the next guy. just gotta wait and see