AP NEWS

Buck Knives teams up with Remington to expand its sales of knives to outdoor enthusiasts

February 22, 2017 GMT

Buck Knives has a new licensing agreement with gun manufacturer Remington to produce and sell knives under the Remington Outdoor Co. label.

Buck will pay a royalty on sales of Remington-branded knives, which will be made at the company’s Post Falls factory.

“Now we’ll have two different brands – the Buck brand and the Remington brand,” said CJ Buck, the company’s chairman and chief executive. “That’s two iconic, American brands that deliver solid and affordable products to outdoorsmen.”

He said the licensing agreement will help Buck Knives expand its sales in the outdoor sporting knives’ market.

“We look forward to a great partnership with Buck Knives,” Jordan Davis, Remington’s vice president of marketing and business development, said in a news release.

Remington Outdoor Co. is a subsidiary of Remington Arms LLC. The privately held North Carolina company is one of the largest U.S. producers of ammunition, shotguns and rifles.

Buck Knives is remodeling part of its factory to produce the Remington-branded knives. Buck said the Remington label could become a signficant revenue stream for the company, but it’s too soon to tell whether it will lead to additional hiring.

Buck Knives employs about 300 workers at it Post Falls’ factory.