Assets of North Carolina Firearm Company
Listing Information
Assets of North Carolina Firearm Company
Created: 07/30/2020
Category: Business Property > All Assets or Going Concerns > General Industrials
Sale Date: Tue. Sep 8, 2020
Debtor's Attorney
3100 SouthTrust Tower 420 North 20th Street
Birmingham, AL 35203
(205) 458-5471
Case Title: Remington Outdoor Company, Inc.
Court: Alabama Northern Bankruptcy Court
Chapter: 11
View Case Docket
Description
Sale of assets of Remington Outdoor Company, Inc. which includes:
All or substantially all of the Acquired Assets either through one sale to a Successful Bidder or multiple sales to multiple Successful Bidders. The Sellers will consider, without limitation: (1) bids to acquire all of the Sellers’ operating segments (the “Whole Company”), including all or substantially all of their assets (a “Whole Company Bid”) or (2) separate bids to acquire (x) all or a portion of the Sellers’ business segment relating to the design, manufacture and marketing of ammunition (the “Ammunitions Business”), including the production facilities owned or operated by the Sellers in Lonoke, Arkansas, and Mona, Utah, under the Remington and Barnes Bullets brands (an “Ammunitions Business Bid”) and (y) all or a portion of the Sellers’ business segment relating to the design, manufacture and marketing of shotguns, rifles, handguns and modular firearms and related components (the “Firearms Business”) and all or substantially of the Sellers’ remaining assets not subject to an Ammunitions Business Bid (a “Firearms Business Bid”).
Financial Overview
Additional Details
- Auction Time: 10:00 A.M
- Sale hearing on September 10, 2020
- Bid deposit: 10% of the Bidder’s proposed purchase price
- Bid increment: $500,000.00
- Bid deadline: September 1, 2020
- Last date to respond: August 24, 2020