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marlin plant to close

It would be interesting to know what drove them out of Connecticut, and whether blame should point to Freedom Group management and its private-equity owner or to the state's tax, regulatory and union environment for making it so difficult for them to stay.
 
Maybe someday the government will realize there's a stong correlation between higher taxes, unionization, and federal mandates on employers, AND the movement of jobs overseas.
 
I don't think our govt understands why businesses need to relocate. They want to tax the ones that remain even more to make for "lost revenue"
 
Well they are owned by Remington. Which is owned by Cerberus. Remington acquired H&R and moved manufacturing down south. I expect the same for Marlin.

Cerberus - Acquired Bushmaster Firearms, Inc., from Windham, Maine native Dick Dyke for an undisclosed sum in April 2006, and purchased Remington Arms in April 2007. Under Cerberus direction, Bushmaster Firearms acquired Cobb Manufacturing, a well-respected manufacturer of large-caliber tactical rifles in August 2007. Cerberus also acquired DPMS Panther Arms December 14, 2007. Remington Arms acquired Marlin Firearms in January 2008. April 8 2008 Remington announces their recently acquired H&R will close its plant in Massachusetts laying off 200 employees. In October 2009, Remington Military products acquired silencer manufacturer Advanced Armament Corporation.
 
FiremanBob said:
It would be interesting to know what drove them out of Connecticut, and whether blame should point to Freedom Group management and its private-equity owner or to the state's tax, regulatory and union environment for making it so difficult for them to stay.
Click to expand...
Why would the owner be to blame?

Isn't the owner's job to maximize his profits? I don't recall honoring history as a valid business objective ever being taught in B school, nor does it pass the common sense test.
 
Jose, as a banker for over 30 years and a leveraged buyout specialist for many of them, I have seen all too often incidents where the financial wizards in the private equity groups make awful, counterproductive management decisions based on what some Excel spreadsheets tell them. I have made or managed loans that lost many $millions because the LBO guys were bad managers. It takes insight and wisdom to recognize the value of a skilled workforce that cares about the heritage of their company, and to motivate and reward them appropriately. All too often the MBA-weenies look at $/hour cost without appreciating the higher value of output/hour of a committed, high-quality team.

In fact, in my hierarchy of stupidity, finance MBAs rank a close second to government at the top of the org chart.

Cerberus's track record as strategic or operational owners is not good.
 
Good article, but not clear enough on where they are moving to. I love the comments section though, especially the posts by ElMuertoMonkey.
 
CT's Gov was going around to the heads of CT businesses not too long ago telling them they needed to do more instate taxable work. Moron.
 
Titan said:
Maybe someday the government will realize there's a stong correlation between higher taxes, unionization, and federal mandates on employers, AND the movement of jobs overseas.
Click to expand...

Wait till Obamacare kicks in. We`ll be exporting more jobs than goods.
 
FiremanBob said:
Jose, as a banker for over 30 years and a leveraged buyout specialist for many of them, I have seen all too often incidents where the financial wizards in the private equity groups make awful, counterproductive management decisions based on what some Excel spreadsheets tell them. I have made or managed loans that lost many $millions because the LBO guys were bad managers. It takes insight and wisdom to recognize the value of a skilled workforce that cares about the heritage of their company, and to motivate and reward them appropriately. All too often the MBA-weenies look at $/hour cost without appreciating the higher value of output/hour of a committed, high-quality team.

In fact, in my hierarchy of stupidity, finance MBAs rank a close second to government at the top of the org chart.

Cerberus's track record as strategic or operational owners is not good.
Click to expand...

Rep points for you sir!

I work in software and have managed many large projects. I've seen the results of the MBAs deciding to offshore development and it's the same sort of calculus and the same results. They see they can get four developers there for the cost of one here. After a year or so, it's realized that one here is worth more than four there.
 
rwl1955 said:
Wait till Obamacare kicks in. We`ll be exporting more jobs than goods.
Click to expand...

But don't forget...Obama has declared that we're going to double our exports.

The clueless S.O.B. apparently believes that if you 'wish it', it will come true. What in God's name does he think he can do to make other countries buy twice their current level of U.S. goods?
 
FiremanBob said:
Jose, as a banker for over 30 years and a leveraged buyout specialist for many of them, I have seen all too often incidents where the financial wizards in the private equity groups make awful, counterproductive management decisions based on what some Excel spreadsheets tell them. I have made or managed loans that lost many $millions because the LBO guys were bad managers. It takes insight and wisdom to recognize the value of a skilled workforce that cares about the heritage of their company, and to motivate and reward them appropriately. All too often the MBA-weenies look at $/hour cost without appreciating the higher value of output/hour of a committed, high-quality team.

In fact, in my hierarchy of stupidity, finance MBAs rank a close second to government at the top of the org chart.

Cerberus's track record as strategic or operational owners is not good.
Click to expand...

Regardless of all that, the industrial north will continue to drain jobs to the industrial south so long as the north continues to amp up its hostility towards businesses and wealth creators.

If what you say about a highly skilled workforce were true, the Japanese would have all set up shop in Michigan and HondaJet would have opened its plant in Wichita, Seattle, or Forth Worth. Instead, they all went to rural or semi urban southern states.
 
The USA makes excellent donuts and hamburgers. Load up the freighters and have the ports waiting. Dunkin Donuts are on the way!

Titan said:
But don't forget...Obama has declared that we're going to double our exports.

The clueless S.O.B. apparently believes that if you 'wish it', it will come true. What in God's name does he think he can do to make other countries buy twice their current level of U.S. goods?
Click to expand...
 
The management strategy where I work is pretty simple. About 6 weeks after it appears in the Dilbert comic in the newspaper a new management plan is announced via email. It usually ends up involving some incompetent manager being promoted to launch the new strategy. Overall you'd think that would be a hangman process as the promoted incompetence would eventually suffer an epic failure and eventual exit. The problem is they reach a certain point then turn into Wally's sitting around drinking coffee as they watch the new guy's ascending to join them. In order to justify the mid level 6 figure salaries they do things like outsource a department with 3 old ladies with a combined 80 years service to the company. Then they find out 3X the savings from outsourcing is lost as they forgot to calculate the cost of the penalty for ending the lease of the equipment the ladies used. Once the outsource contract is done they'll have the brilliant idea to take the work inhouse to save money. It's almost like government but funnier. The positive thing about that type of strategy is they are constantly building new office buildings to house all the Wally's.

I hope Marlin survives this.
 
Titan said:
But don't forget...Obama has declared that we're going to double our exports.

The clueless S.O.B. apparently believes that if you 'wish it', it will come true. What in God's name does he think he can do to make other countries buy twice their current level of U.S. goods?
Click to expand...
Continue to crash the dollar until our products are dirt-cheap for foreign countries to import, maybe?
 
PaulD said:
I work in software and have managed many large projects. I've seen the results of the MBAs deciding to offshore development and it's the same sort of calculus and the same results. They see they can get four developers there for the cost of one here. After a year or so, it's realized that one here is worth more than four there.
Click to expand...

I can second that as the company I work for has had offshore work done "cheaper", and redone, and redone again, at which time I was asked to audit and review the software code delivered.... it was pitiful. A seasoned employee developer gutted the garbage, and in one week had it fixed and ready for production. Lets do the math, we paid for it three times, and then we paid an "expensive resource" to do it right. Not really cheaper? Management just doesn't see these problems.

So "reducing cost" has cost the company quality without really reducing cost, how much cost reduction will go right into reduced quality for Marlin or Remington products?
 
Haven't we already seen the degradation of Remingtons quality? I refuse to buy their .22 ammo anymore after getting several misfires per box of 50.
 
I believe I saw in a business blurb around here, that the Madison, NC facillity was expanding. Most likely, the production is shifting to NC due to tax incentives, lower operating costs and non-union labor. There is a huge labor force in NC that used to be employed by the textile mills and the furniture companies. So, if they can keep their production costs the same and lower the overhead by 20%, then profits go up.

Cerberus has to be thinking of valuation here - eventually they will want to spin these guys back out as a new company.

Once all the gun manufacturing moves to the South, it will be much easier to take the North in the next civil war as they will have only a limited supply of guns.[dance]
 
I am no fan of unions, but keep in mind they still need to be elected by the employees. It is not up to the government to treat a unionized company any differently than a non unionized one. They tax the bejeezuz out of all of them.
 
According to the Michael Blane blog, Marlin's operations are being transferred to Remington's Ilion plant.
 
I had a hell of a Sunday, left Beverly @ 5:30 and got back @ 10:00.

Had to go to Plainfield & Paterson NJ, then Gun Hill Road in the Bronx. In-Law day [hmmm]

We came back 95 to 91. Going through New Haven we saw the big "Available" sign on the Marlin Firearm building [sad2] .
 
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too bad, but who cares if they move. they should go find a free state somewhere where the liberal pukes can not confiscate... and enjoy another 100 years.

besides, New Haven is a f*cking sh*t hole
 

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