Remington's state-of-the-art LaGrange, Georgia manufacturing facility is now producing Model 700 bolt-action rifles and Model 870 pump-action shotguns, with dealer-bound units expected to reach U.S. retail channels this fall, according to a press release issued Thursday by Powell Max Limited, the Nasdaq-listed investment firm that recently acquired an initial stake in Remington's parent company. The announcement marks a significant milestone for the nearly 210-year-old brand, which shuttered its historic Ilion, New York plant in March 2024 after more than two centuries of continuous operation.




The LaGrange campus was a $100 million commitment first announced under Georgia Governor Brian Kemp in 2021, projecting 856 new jobs for Troup County. The facility was designed as Remington's centralized manufacturing and research hub, and confirmation that the Model 700 and Model 870 lines are now active there signals that the brand's transition from New York to Georgia is complete for its two most commercially significant platforms. Distribution will run through a broad channel covering independent firearms dealers, hometown gun shops, regional outdoor retailers, farm and sporting-goods stores, and major outdoor retail destinations.

Powell Max Limited (Nasdaq: PMAX) issued Thursday's announcement as part of its ongoing reporting on its relationship with Blackrod Holdings, the company that controls the Remington Firearms brand. On September 28, Powell Max and Blackrod executed a share exchange agreement under which Powell Max issued approximately 262,000 Class A ordinary shares — about 19.99% of its outstanding Class A shares — in exchange for a 1.5% equity stake in Remington's parent. The two companies agreed to a 12-month exclusive period during which Powell Max may negotiate a larger combination; the enterprise value for a full deal has been discussed in the range of $200 million to $250 million, though no binding agreement on a full acquisition has been reached.

The Model 700 has been Remington's flagship bolt-action since 1962 and remains one of the best-selling bolt-action rifles in American history. The Model 870 has held a comparable position in the pump-action shotgun market since 1950. Both platforms carry extensive aftermarket support ecosystems and are likely to see strong initial dealer demand as buyers who have been waiting for fresh Remington production get their first look at new inventory.

Dealers and distributors seeking allocation timelines should contact their Remington sales representative before the fall hunting season peaks. No MSRP changes from existing Remington pricing were mentioned in Thursday's announcement.