Powell Max Signs Agreement to Acquire Stake in Remington Firearms Parent

Key Facts

1Powell Max Limited signed a share exchange agreement with Blackrod Holdings, LLC, the parent company of Remington Firearms.

2The agreement provides Powell Max an exclusive 12-month period to acquire majority ownership of the Remington Firearms business.

Powell Max Limited signed a share exchange agreement with Blackrod Holdings, LLC, the parent company of the Remington Firearms brand. GlobeNewswire reported that the agreement provides Powell Max with an exclusive 12-month period to acquire majority ownership of the Remington Firearms business.

PMAX closed at $1.62 on September 25, 2026, with the stock reaching a day high of $1.62 and a low of $1.21 during that session. The strategic deal aims to expand Powell Max's portfolio by securing an exclusive window to take control of the iconic firearms brand from Blackrod Holdings.