Remington Arms is bought by the owners of Bushmaster.

Ok,
So a little bit of background on Cerberus Capital Management LP again from wikipedia.
Cerberus Capital Management LP is one of the largest private equity investment firms in USA. The firm is based in New York, N.Y., and run by 45-year-old financier Steve Feinberg. Former Vice President Dan Quayle has been a prominent Cerberus spokesperson and runs one of its international units.

Founded in 1992, Cerberus invests primarily in companies which are near bankruptcy and hopes to make the businesses it acquires profitable.

The company has been a voracious acquirer of businesses over the past several years and now includes sizeable investments in sportswear, paper products, military services, real estate, energy, retail, glassmaking, transportation, and building products. Its holdings amounted to $24 billion in 2006.

Ok that is the buyer.. but why is this important? Well among many other things from grocery stores (Albertsons) to Mortgage Companies (51% of GMAC) they also own another firearms company, Bushmaster.

So, again from Wikipedia; Bushmaster Firearms International, LLC is a manufacturer and distributor of guns which is based in Windham, Maine in the United States. Bushmaster's product line revolves around semi-automatic pistol and rifle variants of the AR-15 design. As of the latest 2003 BATF information on firearm production figures, Bushmaster currently is the best selling brand for AR type firearms in the United States.

Well, this is significant because Remington being as large as it is and having such a great reputation among shooters and hunters alike does not sell any AR type firearms. But rather has always focused on more contemporary channels to find customers. So, it is pretty safe to assume that Michael Bane was right when he said that "Green goes Black" because or tradionalist manufacturer with a green logo will soon be selling the hottest trend in the competitive shooting sports AR rifles (commonly reffered to as Ugly Black Guns)

See Shooting Wires press release here


-Jose