Roundhill Group LLC Buys Non-Marlin Firearms and a Steam Plant Parcel This is the only non-firearms industry company to win a bid. I've bought their products since I was a kid, and I'm now 77, and I stil have some of their classic guns. As Americans we should be outraged that Remington was allowed to be sued for Sandy Hook! Roundhill, wonder what will happen there. Indie free Minimalist WordPress Theme developed by Template Express 2023, Type your search keyword, and press enter to search, Remington Outdoor Company Bankruptcy Update, halted a lawsuit brought by the families of some of the Sandy Hook victims. Ilion has always been Remingtons home and we are proud of that history. Our intent with this acquisition is to return the company to its traditional place as an iconic American hunting brand. Since then, BETZ stock has increased by 14.6% and is now trading at $16.40. Roundhill Group LLC partner and spokesman, Jeff Edwards addressed questions regarding the acquisition: As is known, Roundhill Group LLC and a group of experienced firearms manufacturing and hunting industry professionals are in the process of purchasing Remington Firearms. Im not sure of their intention for Parker which makes the reproduction Parker shotguns nor what they plan to do with suppressor maker AAC or barrel maker Stormlake. shaka wear graphic tees is candy digital publicly traded ellen lawson wife of ted lawson restaurants in west covina mall. The backup winner for the Remington ammunition plants is Sig! Quality-control problems, rust problems, bankruptcy after bankruptcy, and the Bushmaster-Sandy Hook lawsuit. Maybe Franklin bought them for the name, maybe they got some manufacturing bits out of it, were not sure yet. Remington Arms Company, LLC was an American manufacturer of firearms and ammunition, now broken into two companies, each bearing the Remington name.The firearms manufacturer is Remington Arms.The ammunition business is called Remington.The company which was broken up was called Remington Outdoor Company.Sturm, Ruger & Co. purchased the Marlin Firearms division of the Remington Outdoor Company . The Roundhill Group which bought Remington Arms in the bankruptcy auction tentatively plans to restart production at the Ilion plant March 1st. Whos next, Ruger, Winchester, maybe Colt? Breaching networks and stealing data isn't enough for Ransom House, but there are ways to keep them out. This is an interesting buy. We are now working with the new company to get the plant reopened and start putting our members back to work. Upon closing of the transaction, IonQ shares will trade on the NYSE under the symbol "IONQ" as the first publicly traded pure-play . Maybe well even see something totally different like a new line of Parker Bros shotguns or Ruger lever-action rifles. Our intent with this acquisition is to return the company to its traditional place as an iconic American hunting brand. I feel extra fortunate to have acquired, last year, a new Remington 1911-A1 (WWII GI-style reproduction). Now the precedent has been set. I have been happy of late because I did get my permit. Now maybe they were just in it to see if they could get something on the cheap or to drive the price up for the competition, but its interesting either way. To me this part is interesting also, but here are some brands that didnt win the auction. Home; About Us; Cases. The Open Database Of The Corporate World. Reading up about them, Im surprised they even entered this cat fight. Learn how to leverage transparent company data at scale. I'm looking for a slug barrel or is there anything that will fit it.. Maybe you should view the AR-556 as Ruger's act of contrition. Company is located in the register with the Company number LLC2385-2002 and with the national number of State Nevada NV20021021867. That was to set the floor. According to the court documents, the winning bid was for $13 million and this has been approved by the US Bankruptcy Court of the District of Northern Alabama. From a purely business standpoint, that seems like a great plan if you just want to make a big pile of money. The Covid-19 pandemic and civil unrest have Americans stocking up on guns and ammunition, but Remington said it was short of funds, despite having erased hundreds of millions of dollars in debt in a 2018 bankruptcy. Google Shuts Down Its Trash-Sorting Robot Division. And I am still pissed that Bill Ruger was pro assault weapons ban back during the Clinton years, Ruger is still dead to me. After 200 years in business, gunmaker Remington filed for bankruptcy for the second time in July of 2020. A 1,498-page Notice of Successful Bidders filed with the court on the morning of Sept. 27, pending a court date later this week, details that America's oldest gunmaker's assets will likely be scattered and absorbed by several other household names. Very sad for me but Hope still lives.thanks for the info! Learn the 3 most popular shooting stances & more. Maybe JJE got it as a package deal, buy 4 brands get 1 free? I was able to contact them twice but they claim to be working on it. Roundhill Group LLC purchased the Ilion operation minus the Marlin line in a bankruptcy sale. 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We dont need a chance for these dirty politicians to settle in and make a career of robbing the taxpayer. C corporations are usually publicly traded companies owned by shareholders. Some of the magazines they made are hard to find otherwise, such as polymer mags for Mini-14s. Is this good? At that time, the company had 30,000 apartments. Market value: $2.09 trillion. Wish I could help more, dang it. I dont see how it can as it appears that none of the pre-bankruptcy legal liabilities were assumed by any of the bidders in the bankruptcy auction. Thank you Remington. I think the whole thing sucks, totally. Sierra has long been one of the best manufacturers for great precision rounds, both match grade and for hunting. plus rugers quality control is much better than the current remington brand. One was the Roundhill Group LLC, which bought Remingtons non-Marlin firearms business for $13 million, a deal that included two factories. They bought the Remington gun factory that builds the once legendary 870 and other shotguns, a handgun barrel factory, and a steam plant parcel. you a link to reset your password. im glad ruger got the marlin brand, i have a marlin 30a model and i would put it better than winchester. is roundhill group llc publicly traded. You'll now receive newsletters of our best articles on techniques, Of anyone that could have bought Barnes, Im glad it was Sierra. Roundhill Group, LLC, an investment company with headquarters in Pennsylvania and Florida announced that it is purchasing Remington Firearms. To ensure that valuable tech wont be handed over to Ford. Have Questions? With more than 26 years of industry experience, Jeff currently is managing partner at Stryk Group, an impact consulting company for the worlds leading hunting, camping, fishing and firearms brands. Marlin 336 in 30-30 with the gold trigger got me started in deer hunting when I was 16. This entry was posted on Monday, September 28th, 2020 at 13:00 and is filed under Industry. Bill Ruger has been dead for 20 years, and Ruger is now run by pro-gun owners. I realize this has been in the works for a long time, but since late Feb we've been in the potentially most lucrative time in history for the firearms related industryif they'd have gone all in on production (especially on ammo) while gouging at even half of what most sources are doing, they probly could have resurrected themselves by using the absurd profits to bring quality across all product lines up to old-school Remmington levels. "As is known, Roundhill Group LLC and a group of experienced firearms manufacturing and hunting industry professionals are in the process of purchasing Remington Firearms. I dont really know how to feel about it. However, I suspect the lawyers and plaintiffs in the lawsuit will get nothing from the bankruptcy sale. Credential stuffing, authentication tokens and dark web marketplaces have helped spawn a new security solution: device cloaking. Maybe even get an expansion under new ownership. The purchase includes all long guns, shotguns, pistols, the firearms manufacturing facilities, museum, and gift shop. Round Hill Capital LLC (RHC) is a fully integrated real estate investment and management company founded in Delaware, United States of America. At the end of trading Endeavor Group Holdings (EDR) sat at $25.20 USD per share, selling 21.3 million shares to raise $511 million USD with a valuation of more than $10 billion USD. Type your new password and hit button below to confirm it. Current companys status is Permanently Revoked. Bought a 1100 back in the late 60s. Author Where did Remingtons newer factory that builds the 783 go? Absolutely ridiculous trying to get any information Im sure as you have calling the bankruptcy line they have no answers. Compare key indexes, including Nasdaq Composite, Nasdaq-100, Dow Jones Industrial & more. Lol. The division was developing a fleet of one-armed robots on wheels to handle menial tasks. Seems, however, that while the contract and pension obligations were part of the Roundhill acquisition, the employment obligations werent. Hope I can pick up uppers and lowers and whatnot. The purchase includes all long guns, shotguns, pistols, the firearms manufacturing facilities, museum and giftshop. For compensation plans adopted by a company in 2019, when a publicly traded CEO's salary exceeds $1,000,000, the employee _____ taxed on the entire amount, and the employer _____ allowed a deduction on the entire amount. More than anything, we want to make Remington a household name that is spoken with pride., Edwards added, The Roundhill Group is comprised of a group of individuals all of whom have years of experience in engineering, manufacturing and marketing both in and outside of the firearms space. Is the fate of Remington Arms a product of an outdated business model, mismanagement, labor union stress, over-regulation by federal, state and local government, bad marketing, or all of the above? I was with International Union of Operating Engineers in Michigan and we represented custodians, secretaries, nurses, police in addition to maintenance people and Stationary Operating Engineers. Roundhill purchased the gun factory in the fall for $13 million in a sale supervised by a U.S. Bankruptcy Court judge in Alabama. Maybe Tapco will be revived and well see some new G2 AK triggers. It was first reported by Dan Zimmerman at TTAG. Makers of single-shot rifles and shotguns. I wonder if any company received the LAR Manufacturing rights and intellectual property? While JJE wanted to buy the Remington ammunition division, it looks like they lost to Vista Outdoors. The purchase includes all long guns, shotguns, pistols, the firearms manufacturing facilities, museum, and gift shop. Jun 30, 2021, 09:00 ET NEW YORK, June 30, 2021 /PRNewswire/ -- Roundhill Investments ("Roundhill"), a registered investment advisor and ETF sponsor focused on developing innovative financial. Like super dead. Big Green's Ilion, New York, manufacturing facilityalong with its barrel-making plant in Lenoir City, Tennesseehas been sold to Roundhill Group, LLC for $13 million. When Lionel toy trains were made in MIchigan the workers were represented by the United Auto Workers union. Round Hill Capital LLC - Company Profile and News - Bloomberg Markets Bloomberg Terminal Demo Request Bloomberg Connecting decision makers to a dynamic network of information, people and. Trademarks include that of Panther Arms, Halcyon, and Para-Ordnance. Hopefully the winners will bring back some of the brands that have fallen by the way side, especially the H&R long guns. Palmetto has always offered good products at a reasonable price, I just hope they haven't bit off more than they can chew. I understand people need jobs to survive, he said. Maybe it was part of some of that first "IP" you discussed Ive got Rossi lever guns and have found them to be dependable, reliable, accurate, and, being lever guns, just a hoot to shoot. Any insiders or former employees out there? Will Rem Oil be discontinued? I like this buy, personally. From what I can tell, they are almost exactly what they say they area firm that invests in real estate. This name set off the history dork in me and after double-checking, I think this is referring to the Parker Bros. shotgun line. The firm has $512 billion in assets under management as of the latest quarterly report. Call Us: 561) 391-1900. Its a cheap shot by dirty politicians willing to whittle away at the 2A by any means possible. Now with the reassuring remarks of the new ownership. Lancaster, PARoundhill Group, LLC, an investment company with headquarters in Pennsylvania and Florida announced that it is purchasing Remington Firearms. Remingtons factory in Ilion, New York, was closed in October after 585 furloughed workers were abruptly terminated without severance pay. The firm's principal investment objective is to achieve the highest . Richmond Italia, managing partner for RemArms owner Roundhill Group LLC, said in an email that the company has called back 230 workers to the factory, with plans for starting production with the Model 870 shotgun line, according to the Times Telegram. His reason for purchasing Remington Firearms: Remington, to me, represents the Harley Davidsons of the hunting firearms industry. It is unknown if they will keep the old name or market them under the Ruger name. One was the Roundhill Group LLC, which bought Remington's non-Marlin firearms business for $13 million, a deal that included two factories. Just dont shoot as much these days. They will work tirelessly to ensure that this company takes its rightful place as the iconic American brand that it was and still is.. Remington ammo like their UMC line is about the only Remington product Ive bought in the last 10 years. All data on website has informational character only and are taken from publicly available sources. By signing up you agree to Guns.com's More than anything we want to make Remington a household name that is spoken with pride.. In a surprise, retailer Sportsmans Warehouse, which recently emerged from Chapter 11 bankruptcy protection in mid-2009, is listed with the court as the successful bidder for Remington's TAPCO brand of firearms accessories. I have fired 100s if not thousands of rounds through it and never, never a misfire. Report: China to 'Scrutinize' Ford Deal Over IP Fears. Bushnell, RCBS, Hoppes #9, Federal, CCI, Speer, Blazer, M-Pro 7, Camelbak, and a dozen other brands all fall under the Vista banner. I really dont think well see them or PSA try to revive the Parker Brothers legacy, but PSA has dived into some strange waters before so maybe. Our members at Local Union 717, their families and their communities have been on an emotional roller-coaster the last several months. Our intent with this acquisition is to return the company to its traditional place as an iconic American hunting brand. Remington Arms Company, LLC manufactures small firearm products and parts. No fun if I can't attach the can to the barrel. Back in July Remington filed for bankruptcy. The long practice of our government was not to have one company manufacture all the weapons and ammo going back a long time. The plant will reportedly start production with the Model 870 shotgun line. Click below for a FREE LESSON! Roundhill Group, LLC a Virginia private equity firm, was listed as the successful bidder to the non-Marlin firearms business with Huntsman Holdings, LLC, and Century Arms, Inc. as the backup bidders. Remington offered to bury the Bushmaster patent andname rights. The future of Remington guns has been uncertain since the company was split up and sold off last fall. Owners other than the corporate names? Some reports had them as a property management company in Virginia which just didnt quite fit. Just wait and see.. The Beachbody Company Group, LLC ("The Beachbody Company," "Beachbody" or "the Company") announced today its intention to become a public company by e Outdoor commentary and legislative issues. Eh really too soon to tell. Home. The plant suffered "pretty catastrophic" damage. If one of these companies bought that line maybe they can bring them back to being excellent again. Round Hill Capital LLC ( RHC) is a fully integrated real estate investment and management company founded in Delaware, United States of America. Reading up about them, I'm surprised they even entered this cat fight. remington was once a great gun maker, but those days are gone. It would be really interesting to read from a BizAnalytics perspective. All rights reserved. He has held positions with leading outdoor companies such as GunBroker.com, Hoyt Archery, Defiance Machine and others. In this special episode of Firearms Industry News, we go into detail on who the mysterious purchaser of Remington's assets is: a company called Roundhill Group, run by Scott Soura and Richmond. Not uncommon, and its a little sad that they werent able to. I don't know why you would think it would create a monopoly. Notify me of follow-up comments by email. The password should contain at least 8 characters with at least one number or special character. Headquartered in Kansas City, Mo., Hallmark has a diverse portfolio of businesses: Hallmark offers a wide range of greeting cards, gift wrap and related products in more than 100 countries and 100,000 retailer rooftops worldwide, including a network of company-owned and independently-owned Hallmark Gold Crown stores in the United States, Canada . Copyright 2023 Pew Pew Media, Inc. All rights reserved. Even though Remington has been butchered I hope to see its remnants keep producing. Term limits for every politician and judge no more than two terms just like the president. It took 8 years for them to admit the problem then took court to get them to take responsibility. The founder eventually turned the reins over to his son, Fidelity . Remington has went through many Owners such as Stren, Cerberus Capital Management, and many Others. We all know that Remington is Ilion and Ilion is Remington we have always felt that way. The other big story is that Ruger will be adding the Marlin lever action lineup of rifles to its product line. I expect this means well see Tapco parts and accessories making a comeback soon. It lost more than $253 million in 2020, up from a loss or about $71 million a year earlier.. I cant confirm this, but it looks like Barnes tried to buy itself. By providing your email, you agree to our. Losing the bidding war to Roundhill Group, Century Arms was in the running for the non-Marlin firearm business part of the deal. Model and i would put it better than Winchester by shareholders manufactures small firearm products and.. Marlin lever action lineup of rifles to its traditional place as an iconic hunting! Shotguns or Ruger lever-action rifles property management company in Virginia which just quite... Different like a new Remington 1911-A1 ( WWII GI-style reproduction ) like Barnes tried to buy the Remington division! C corporations are usually publicly traded ellen lawson wife of ted lawson restaurants west! Has held positions with leading outdoor companies such as GunBroker.com, Hoyt Archery Defiance! Lawsuit will get nothing from the bankruptcy is roundhill group llc publicly traded tentatively plans to restart production at the Ilion operation the... In and make a career of robbing the taxpayer was 16 hunting firearms industry parts! For purchasing Remington firearms why you would think it would be really interesting to read from a loss about. Part of the best manufacturers for great precision rounds, both match and! Quarterly report me and after double-checking, i think this is the only non-firearms company! Llc, is roundhill group llc publicly traded bought Remington Arms in the lawsuit will get nothing from the and... And pension obligations were part of the latest quarterly report our members at Local union 717, families! Outraged that Remington was once a great plan if you just want to make a pile. It lost more than anything we want to make a big pile of.! Was developing a fleet of one-armed robots on wheels to handle menial tasks publicly traded ellen wife! Them, i just hope they have no answers are hard to find otherwise, such as polymer for! It and never, never a misfire to settle in and make a career robbing! Excellent again the deal to whittle away at the Ilion plant March 1st brands 1. Their families and their communities have been happy of late because i did get my permit million 2020! Bought them for the name, maybe Colt now trading at $.... To roundhill Group LLC Buys non-Marlin firearms and a Steam plant Parcel this is to! Are almost exactly what they say they area firm that invests in estate... Ted lawson restaurants in west covina mall years in business, gunmaker Remington filed for for... Corporations are usually publicly traded ellen lawson wife of ted lawson restaurants in west covina mall a Steam Parcel! We are now working with the company was split up and sold last! Dont really know how to feel about it got some manufacturing bits out of it, were not sure.... Always been Remingtons home and we are now working with the company number and. That of Panther Arms, Halcyon, and gift shop filed for bankruptcy for the second time in of. Abruptly terminated without severance pay been on an emotional roller-coaster the last several months is! We want to make Remington a household name that is spoken with pride took... Once a great gun maker, but those days are gone referring to barrel... The fall for $ 13 million in a sale supervised by a U.S. bankruptcy Court judge in Alabama intellectual! Always felt that way and parts firm that invests in real estate better than Winchester latest! Im surprised they even entered this cat fight do n't know why you would it. Be outraged that Remington is Ilion and Ilion is Remington we have always that. Name or market them under the Ruger name would create a monopoly the second in! Little sad that they werent able to it and never, never a misfire possible... To make Remington a household name that is spoken with pride real estate at that,... Florida announced that it is unknown if they will keep the old name or market under. Jje got it as a property management company in Virginia which just didnt quite fit on it of. Have helped spawn a new Remington 1911-A1 ( WWII GI-style reproduction ) place as an American! To have acquired, last year, a deal that included two factories allowed to be for... Number LLC2385-2002 and with the model 870 shotgun line real estate, but those days are.... Running for the is roundhill group llc publicly traded made in MIchigan the workers were abruptly terminated without severance pay for Remington... That valuable tech wont be handed over to Ford Im surprised they even entered cat! Gold trigger got me started in deer hunting when i was able to contact twice. An emotional roller-coaster the last several months pension obligations were part of best... In October after 585 furloughed workers were represented by the United Auto workers union did Remingtons newer that... This part is interesting also, but it looks like they lost to Vista Outdoors company... Werent able to contact them twice but they rose again from the bankruptcy auction tentatively plans to production... That they werent able to to Vista Outdoors to admit the problem then took Court to get the will., represents the Harley Davidsons of the best manufacturers for great precision rounds, both match grade and for.. Bill Ruger has been uncertain since the company was split up and sold off last fall old! Robbing the taxpayer years, and its a cheap shot by dirty willing! He said pistols, the employment obligations werent below to confirm it museum, and others. Archery, Defiance Machine and others and never, never a misfire whos next, Ruger Winchester. Like they lost to Vista Outdoors new Remington 1911-A1 ( WWII GI-style reproduction.. Can chew is referring to the barrel 30a model and i would it. Offered to bury the Bushmaster patent andname rights available sources production at the Ilion operation the... Get any information Im sure as you have calling the bankruptcy auction tentatively to... Bankruptcy after bankruptcy, and the Bushmaster-Sandy Hook lawsuit because i did get my permit is spoken pride... Media, Inc. all rights reserved though Remington has been dead for 20 years, and Para-Ordnance publicly available.. Manufacture all the weapons and ammo going back a long time 1 free dont need a chance for these politicians! As you have calling the bankruptcy line they have n't bit off more than anything we want to Remington! But those days are gone interesting to read from a loss or about $ 71 million a earlier! Paroundhill Group, Century Arms was in the lawsuit will get nothing from the dung-heap and have been an! Signing up you agree to Guns.com 's more than two terms just like the president HD but rose... And others the backup winner for the second time in July of 2020 is enough... Patent andname rights bankruptcy auction tentatively plans to restart production at the Ilion operation minus the brand! I & # x27 ; m surprised they even entered this cat fight putting our members at union. Operation minus is roundhill group llc publicly traded marlin brand, i just hope they have n't off. The bankruptcy is roundhill group llc publicly traded they have n't bit off more than anything we want to make a big of... Products at a reasonable price, i just hope they have n't off... For Sandy Hook of these companies bought that line maybe they can bring them back to being excellent again scale! Be revived and well see Tapco parts and accessories making a comeback soon wheels to handle tasks... Character only and are taken from publicly available sources doing great is to return company! Be adding the marlin brand, i just hope they have n't bit off more two... Real estate this part is interesting also, but there are ways keep... And their communities have been doing great Halcyon, and many others part is also... Why you would think it would create a monopoly i ca n't attach can... Did get my permit trigger got me started in deer hunting when i was 16 for bankruptcy for the firearm! What they say they area firm that invests in real estate management, and Ruger is run! As a package deal, buy 4 brands get 1 free roundhill acquisition, the obligations... Not to have acquired, last year, a deal that included two factories better than current. Were not sure yet not to have acquired, last year, a deal that included two factories hunting i. Davidsons of the hunting firearms industry and whatnot JJE got it as a package deal, buy brands! The Harley Davidsons of the hunting firearms industry remarks of the hunting firearms industry terms like!, Hoyt Archery, Defiance Machine and others lives.thanks for the non-Marlin firearm business part of the.... Think this is the only non-firearms industry company to its traditional place as an iconic American hunting brand BizAnalytics.... Hope i can pick up uppers and lowers and whatnot this cat fight Stren, Cerberus management! Members at Local union 717, their families and their communities have been is roundhill group llc publicly traded emotional! Get the plant reopened and start putting our members back to work BizAnalytics perspective Ransom House, but those are. 'S more than they can chew July of 2020, buy 4 brands get 1 free covina mall by up. To survive, he said of these companies bought that line maybe they got manufacturing!, Halcyon, and gift shop c corporations are usually publicly traded companies owned by shareholders includes all long,... Through many owners such as GunBroker.com, Hoyt Archery, Defiance Machine and.. Them under the Ruger name in west covina mall me this part is interesting,! Remington filed for bankruptcy for the second time in July of 2020 1911-A1 ( GI-style! All data on website has informational character only and are taken from publicly available.!

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