December 27, 2007
Gardner Firearm Manufacturer Sold
By Christina Davis
The parent company of a gun manufacturer in Gardner is expected to be bought by North Carolina-based Remington Arms Co. Inc.
Remington has entered into a definitive agreement to buy Marlin Firearms Co. Inc. of North Haven, Conn., for an undisclosed sum. Marlin, a family-owned business, owns H&R 1871 Inc. in Gardner, which employs about 230 people.
H&R (Harrington and Richardson) was founded in the 1871, and at one time had a plant in Worcester. According to past news reports, the company was bought by James O. Garrison in 1991, who then sold the company to Marlin in 2000 citing mounting legal bills from class action handgun lawsuits.
Greater Gardner Chamber of Commerce President Michael Ellis said he does not expect the purchase to hurt H&R.
"As a subsidiary of Marlin they have done better than Marlin," he said. "They have had better earnings and better profits. So my feeling is that H&R is in a pretty good position."
The Remington deal is expected to close in January.
Remington has entered into a definitive agreement to buy Marlin Firearms Co. Inc. of North Haven, Conn., for an undisclosed sum. Marlin, a family-owned business, owns H&R 1871 Inc. in Gardner, which employs about 230 people.
H&R (Harrington and Richardson) was founded in the 1871, and at one time had a plant in Worcester. According to past news reports, the company was bought by James O. Garrison in 1991, who then sold the company to Marlin in 2000 citing mounting legal bills from class action handgun lawsuits.
Greater Gardner Chamber of Commerce President Michael Ellis said he does not expect the purchase to hurt H&R.
"As a subsidiary of Marlin they have done better than Marlin," he said. "They have had better earnings and better profits. So my feeling is that H&R is in a pretty good position."
The Remington deal is expected to close in January.
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