'It's Like The Town Is Losing Its Soul' — Nation's Oldest Gun Manufacturer Is Ditching New York And Moving Operations To Georgia, A More Supportive State — '208 Years Of History. Gone, Gone'

After more than 200 years in Ilion, New  York, Remington Arms (RemArms) is moving its operations to Georgia where the firearms industry has more support. 

“Two hundred and eight years of history. Gone, gone. Ilion is Remington. Remington is Ilion,” Ilion Mayor John Stephens told Fox Business. 

Scheduled for March, the transition severs a deep-rooted connection between the company and Ilion, a village about 230 miles northwest of New York City. Residents and employees are mourning the impending move, with retired Remington worker Jim Conover and technician Frank “Rusty” Brown voicing the emotional and economic void the departure will leave. Brown, whose family ties to Remington span generations, faces the reality of job loss as do his wife and other family members.

The factory’s closure will displace roughly 300 workers in a town of approximately 7,600, precipitating a $1 million revenue shortfall for Ilion and adverse impacts on local businesses. 

“It’s like the town is losing its soul," Stephens said. "It’s almost like losing a family member. That’s the thing that people are struggling with, the nostalgia, the history. It feels like we are losing the identity of the town.”

Remington’s challenges have included financial distress, leading to bankruptcy filings in 2018 and 2020, and a $73 million settlement in 2022 related to the Sandy Hook mass shooting in Newton, Connecticut. 

Political figures such as Rep. Elise Stefanik, R-New York, and GOP state Sen. Mark Walczyk criticized New York’s stringent gun laws, arguing that the regulations contributed to Remington’s decision to relocate. The state’s gun industry liability law, in particular, has been a point of contention, blamed for pushing the company out of New York.

RemArms CEO Ken D’Arcy expressed excitement over the move to Georgia, highlighting the state’s business-friendly climate and strong support for the firearms industry. Georgia has established itself as a gun-friendly state, with policies and a business environment that supports the defense and firearms manufacturing sectors. Over the past years, Georgia has become one of the top states for gun manufacturing, attracting companies with its skilled workforce, robust infrastructure and a significant population of hunting enthusiasts​

The move is part of a broader trend of gun manufacturers leaving the Northeast for Southern states, exemplified by Smith & Wesson Brand Inc.’s relocation from Massachusetts to Tennessee.

As Remington transitions to its new home in Georgia, the community of Ilion confronts the departure of a historical cornerstone and economic mainstay, reflecting the intricate relationship between industry decisions, regulatory environments and the fabric of local communities.

Read Next:

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In:
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!