- Altrec, Inc., based in Portland, Ore., filed Jan. 6 for Chapter 11 bankruptcy protection and a hearing is set for Jan 21.
- A list of the company’s biggest creditors includes the best-known outdoor-gear companies.
- Remington Outdoor Company, best known as a firearms maker, will loan Altrec $1 million so it can stay in business through March, and Remington may be poised to buy the e-commerce retailer, court filings show.
Altrec’s troubles show what damage a cyber-attack can do. The e-commerce retailer never recovered from the attack it suffered two years ago during the crucial holiday season and is looking to save itself and pay its creditors. Court filings hint Altrec hopes it can be sold to firearms maker Remington Outdoor Company, which is pouring money into the faltering company.