Ilion

Ryan Delaney / WRVO News File Photo

Remington Arms, a firearms manufacturer that employs roughly 900 people in the Mohawk Valley, has emerged from bankruptcy proceedings.

The company announced Thursday that it has successfully implemented a plan of reorganization that converts $775 million of debt into equity and establishes a new board of directors.

“It is morning in Remington country,” said Anthony Acitelli, Chief Executive Officer of Remington in a statement. “We are excited about the future – producing quality products, serving our customers, and providing good jobs for our employees.”

Ryan Delaney / WRVO News File Photo

Remington Arms, a firearms manufacturer that was founded in the Mohawk Valley, is filing for Chapter 11 bankruptcy protection, raising concerns about what will become of the company's Herkimer County plant.

Ryan Delaney / WRVO

The two-century-old gun manufacturer Remington Arms, the nucleus of a small Mohawk Valley community, is losing jobs to a more gun-friendly state.

The parent company of Remington, based in Ilion, New York, announced this week it is moving to lines of production work to the company's gleaming new factory in Huntsville, Alabama, announced earlier this year.

Ryan Delaney / WRVO News File Photo

When Remington Arms announced that it was going to build a new manufacturing and development facility in Alabama, people in central New York's Mohawk Valley became concerned their jobs were on the line.

Even though none of the plant's 1,300 employees are expected to lose their jobs, lawmakers say more can be done to support the firearm manufacturer's operations in the village of Ilion.