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The Marlin Company history
The Marlin Company company history timeline
In 1915, during World War I, a New York syndicate bought the company and renamed it the Marlin Rockwell Corporation.
In 1919, the owner/investors were lead by John.
But business was not good, and in 1922 the company filed for bankruptcy and went into foreclosure.
After the War, the sporting firearms part of the business became a new corporation, which did not do well and in 1923 was purchased by Frank Kenna.
During that original 13-year period, there were 55,119 guns sold, with a total of 250,000 produced up to 1935.
In 1949 the Model 36 was slightly redesigned, and re-introduced as the now familiar Model 336, which Marlin still makes today.
In 1956, they introduced the Model 56, the first of an entirely new class of Marlin leverguns.
Winchester was making news with its sleek, new Model 88, chambered in hunting rounds like the .308 Winchester, and in 1962 Marlin entered the centerfire market with a version of it Levermatic, tailored for short centerfire rounds.
In any event, the .444 Marlin has gained a following and has been a mainstay in the Marlin line ever since 1964.
Along about 1997 or so, Micro-Groove rifling was dropped from the big-bore 336s and 1894s, and Marlin returned to 6-groove "Ballard" rifling for these guns. Thus was born the centerfire Model 62, chambered in .357 Magnum, .256 Winchester Magnum, and .22 Remington Jet (and later on in .30 Carbine). The Marlin Levermatics were not popular sellers and were dropped from production by 1973.
Along about 1983, in the interest of safety, Marlin added a cross-bolt safety to its leverguns.
The company was soon in trouble and in the spring of 1997 there were rumors circulating that Advanta was about to be sold.
Shivers remained but his influence waned, while the importance of General Counsel George D. Pelose, who joined the company in 1999, increased.
After five years in business, Marlin sales grew to $46.7 million in 2002 and net income topped $4.5 million.
In August 2003 Marlin Business Services Corp. was formed in Pennsylvania, and then in November of that year it became the holding company of Marlin Leasing and was taken public.
By 2003 the company maintained offices in Philadelphia; Nor-cross, Georgia, an Atlanta suburb; and Greenwood Village, Colorado, a Denver suburb.
Revenues increased to $59.8 million in 2003, thanks to the generation of 30,258 new leases, compared to 25,368 the previous year.
When 2004 came to a close, Marlin posted revenues of $71.2 million and net income that soared to $13.5 million.
Early in 2004, Marlin expanded its geographic reach by opening a third regional office, located in Chicago to improve its position in the Midwest.
Revenues improved to $85.5 million and net income to $16.2 million in 2005.
RESIGNATION OF SHIVERS: 2006
In 2006 sales exceeded $100 million for the first time, and net income totaled $18.6 million.
________, “Who’s Running Marlin Leasing?” Leasing News, April 27, 2007.
Marlin Firearms was in that family until 2008, when Remington Arms purchased the company.
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