Remington Arms Company, Inc. (“Remington”), a member of the Freedom Group of Companies, announced today that it has formed a new venture with the outdoor clothing company, Mountain Khakis, LLC. The new company will be known as Mountain Khakis and is 75% owned by Remington. The transaction closed on May 28, 2010.
Mountain Khakis, located in Charlotte, NC, with its design center in Jackson Hole, WY, is a leading designer and marketer of men’s pants in the specialty outdoor apparel segment.
Mountain Khakis will continue day-to-day operations at their Charlotte, North Carolina-based location under the guidance Ross Saldarini, President.
“We welcome Mountain Khakis to the Freedom Group family,” commented Ted Torbeck, CEO of the Freedom Group, Inc. “With the acquisition of Mountain Khakis; the Freedom Group continues to demonstrate our commitment to the outdoor lifestyle market. Mountain Khaki stands for the highest quality products, durable and comfortable clothing.”
About Freedom Group, Inc.
Freedom Group is the world’s leading innovator, designer, manufacturer, and marketer of firearms, ammunition, and related products for the hunting, shooting sports, law enforcement, and military markets. As one of the largest manufacturers in the world of firearms and ammunition, we have some of the most globally recognized brands including Remington, Bushmaster, DPMS/Panther Arms, Marlin, H&R, Parker, EOTAC, AAC and Dakota. The Company distributes its products throughout the U.S. and in over 80 foreign countries. More information about the Company can be found at www.freedom-group.com.
The Company assumes no obligation to update publicly such forward–looking statements, whether as a result of new information, future events or otherwise.