Remington Arms Company, LLC

In 1993, Clayton, Dubilier & Rice, a New York private equity firm, bought Remington for $300 million from DuPont, which had owned it since the Great Depression. In 2007, it was purchased by another private equity firm, Cerberus Capital Management, which had planned to use Remington to create a “roll-up” — a conglomerate — of gun and ammunition makers. Cerberus paid $118 million in cash and assumed $252 million of Remington’s debt. In 2022, Remington paid $73 million to settle a lawsuit over the Sandy Hook massacre, in which 20 first graders and six adults were killed by a disturbed young man using an AR-15-style rifle manufactured by the company.