Remington, among the nation’s oldest gun manufacturers, said last month it had reached a deal with lenders that would grant them ownership of the 200-year-old company. Remington would continue operating and making guns while in bankruptcy.

The Journal says Remington’s bankruptcy filing comes “in the face of a heavy debt load, falling sales and lawsuits tied to the Sandy Hook school shooting.”

…”Remington makes the Bushmaster AR-15-style rifle that was used in the Sandy Hook shooting in Connecticut that left 20 first-graders and six educators dead in 2012. The company was cleared of wrongdoing in the shooting, but investors distanced themselves from the company’s owner, investor Cerberus Capital Management.”

Gun sales overall have slowed since the election of President Trump, the thinking being that gun control regulations would be less likely. Gun sales had risen during President Obama’s presidency and in anticipation of a win by Hillary Clinton.

American Outdoor Brands’ (AOBC), up until 2016 known as Smith & Wesson, saw its profits slide 90 percent in 2017, Mr. Trump’s first year in office. Sturm Ruger (RGR) in October reported a 35 percent decline in quarterly profits.

Gun maker Remington files for bankruptcy protection – CBS News

hmmmm