The auction is the culmination of Remington's second bankruptcy of recent years. Bankruptcy Court in Decatur, Ala., to consider approval of the auction results. Lawyers for Remington haven't responded to requests to comment on the auction results, which were partially revealed Sunday in court filings. Sales of Remington's ammunition and weapons manufacturing business, the Remington brand and others will bring in at least $155 million to be applied against the company's debts.
Gun maker Remington Outdoor will be broken up and sold after a multiday bankruptcy auction, in which seven different buyers won the bidding for parcels of the company's weapons and ammunition holdings.
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