Another good one gone

Courtesy of my friend Bill, this lamentable news:

Marlin Firearms, a 140-year-old company which made a gun that was a favorite of Annie Oakley, is closing its Connecticut plant. Workers at the plant in North Haven say they’ve been told all 265 employees will lose their jobs.
Jessica Kallam, a spokeswoman with Madison, North Carolina’s Remington Arms Company, which owns Marlin, said the Connecticut plant will close by June of 2011 and employees would be offered severance and help finding jobs. She said Marlin is relocating its manufacturing operations to an undetermined site. Kallam could not confirm if all employees in Connecticut are losing their jobs. She read a company statement that says Freedom Group, which owns Remington, must reduce its costs to remain competitive. “Although long term prospects of the business look positive, economic factors beyond Freedom Group’s control related to increasing costs and pricing pressures within the firearms industry are impacting the entire Freedom Group of companies,” the statement said.
Remington Arms bought Marlin for nearly $42 million in 2007.
Marlin’s website says John Marlin opened the company in 1870 in New Haven after having worked at the Colt plant in Hartford during the Civil War. The company says its lever action 22 repeater was a favorite gun of Annie Oakley.

Rico says he knows a lot of Cowboy Action Shooters will be pissed; they like the Marlin.