Madison, NC (PRWEB) October 5, 2009
Remington Arms Company, Inc. through a wholly owned subsidiary has entered into a purchase agreement to acquire certain assets of Advanced Armament Corp (AAC). The transaction closed on October 2, 2009.
Located in Norcross, Georgia, AAC is an industry-leading supplier of signature noise reduction and flash reduction devices and combat-related accessories for the military, government and commercial markets. With their innovative design concepts, technologically-advanced manufacturing techniques and core focus on the end-user, AAC silencers and accessories have been selected by major firearms manufacturers, law enforcement agencies, commercial consumers, and military organizations globally since the company's inception in 1999.
AAC will continue day-to-day operations at their Georgia-based location under the guidance of company founder, Kevin Brittingham, and report to the Remington Military Products Division (MPD).
"We welcome Kevin and his team of engineers and designers on board," commented Theodore (Ted) Torbeck, CEO of Remington and its parent, Freedom Group, Inc. "With the acquisition of AAC, we can enhance our research and development capabilities and deliver a more competitive product to the end user; further strengthening Remington's position in the domestic and international markets."
About Remington Arms Company, Inc.
Remington Arms Company, Inc., headquartered in Madison, N.C., designs, produces and sells sporting goods products for the hunting and shooting sports markets, as well as solutions to the military, government and law enforcement markets. Founded in 1816 in upstate New York, the Company is one of the nation's oldest continuously operating manufacturers. Remington is the only U.S. manufacturer of both firearms and ammunition products and one of the largest domestic producers of shotguns and rifles. The Company distributes its products throughout the U.S. and in over 55 foreign countries. More information about the Company can be found at http://www.remington.com.
The Company assumes no obligation to update publicly such forward-looking statements, whether as a result of new information, future events or otherwise.
Contact: Linda Powell (336) 548-8546