> forced by the State of New York to shut down

Could you expand on this a little bit? Are you referring to the NY SAFE act? I'm seeing a few lines in their wiki page that suggest otherwise:

* In June 2007, a private equity firm, Cerberus Capital Management, acquired Remington Arms for $370 million, including $252 million in assumed debt.

* Remington filed for Chapter 11 bankruptcy protection in March 2018, having accumulated over $950 million in debt

* In July 2020, Remington again filed for Chapter 11 bankruptcy protection.