My hope is that with these brands under new ownership, well finally see the innovation they deserve and the quality we demand return to each branch. I think we should have the same things no matter where we live. The Roundhill group is now forging ahead without him. The agency says consumers dont assume that the products come from dairy animals. Yesterday it was announced that Remington Outdoors Co. will be purchased by seven buyerseach taking a different piece or pieces of the once-great American firearms manufacture. At that time, the company had 30,000 apartments. Hopeful we'll see some good come out of it. We all know that Remington is Ilion and Ilion is Remington we have always felt that way. . Roundhill Group partner, Richmond Italia, said the company plans to bring back 200 employees by the first day of production. The health care and other contractual benefits will end October 31. Be it shooting, upgrading, building, tinkering, or writing about them - sharing his passion and knowledge of firearms with others is an everyday occurrence. I hope as time passes Remington grows bigger and better than ever before. Bankrupt gunmaker Remington has been parted out and sold. Business activities of this company are managed by Managers. The company ROUNDHILL GROUP, LLC is managed by 2 persons in total. Publicly Traded LLCs LLCs can issue ownership to multiple LLC members. i'm very interested to see what comes of the Remington 870. The bid amount listed in court documents is $30 million, a figure that could put Ruger in the lever-action business. Our intent with this acquisition is to return the company to its traditional place as an iconic American hunting brand. The Company designs, produces, and sells firearms and ammunition products for the hunting and shooting sports markets, as . While JJE wanted to buy the Remington ammunition division, it looks like they lost to Vista Outdoors. Roundhill Group, LLC, an investment company with headquarters in Pennsylvania and Florida, announced that it is purchasing Remington Firearms. Use of and/or registration on any portion of this site constitutes acceptance of our User Agreement, Privacy Policy and Cookie Statement, and Your Privacy Choices and Rights (each updated 1/26/2023). plus rugers quality control is much better than the current remington brand. The problem is that intellectually corrupt leftist judges invented out of whole cloth a tortured rationale to allow the suit to proceed in spite of the law. 2 dimpledblk 2 yr. ago Would be cool to see them brought back up to the level of quality they used to be. It can reach up to 225 miles per hour in 30 seconds. Reuters stated that month that according to four individuals, Round Hill was considering how to sell Vitus. YouTubes privacy policy is available here and YouTubes terms of service is available here. [9][citation needed], Last edited on 12 September 2022, at 06:16, "Give me a crash course in bulk buying of housing", Round Hill in advanced talks to sell German property firm -sources, Round Hill hopes Europe digs Nido student model, Round Hill weighs options for 1.2 bln German property firm-sources, https://en.wikipedia.org/w/index.php?title=Round_Hill_Capital&oldid=1109853573, This page was last edited on 12 September 2022, at 06:16. So what's next for the company now that it is publicly traded? Workers at Colt are also represented by the UAW. Roundhill Group LLC partner and spokesman, Jeff Edwards addressed questions regarding . The reopening comes a little more than a month after the union announced it had reached an agreement with Roundhill that recognizes the union as the hourly employees collective bargaining agent when they return to work, establishes a recall process for more former Remington workers to be called back, and sets up a 60-day timeframe for the parties to begin negotiating a full labor contract. It was 'actually' a ParaOrdnance..And I wish they'd bring the nameplate back. I wonder what will happen with their stable of shooters. I was able to contact them twice but they claim to be working on it. Were deep in negotations with the state, trying to come up with some sort of compromise to build a new facility, said Italia. I kept hoping that they would get some more out to the market. We have to think back to the Harley Davidson fiasco back in the days when they almost completely with the AMC buy-in. DPMS will be a good fit for them as will H&R in the budget category. Since then, Roundhill has pursued plans to re-open the plant, but delays caused them to renege on a March plan to bring production workers back in. Its decent ammo, its cheap, and it goes bang. Finally refused to even consider them regardless of the price. 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. When people want representation, they contact many unions that represent others in their area. They bought the Remington gun factory that builds the once legendary 870 and other shotguns, a handgun barrel factory, and a steam plant parcel. While I havent seen anything detailing what other IP assets means, its likely just some brand names and trademarks. That wasn't a Remington. I understand people need jobs to survive, he said. Remington had it problems with quality due to corporate greed but they didnt deserve this. One was the Roundhill Group LLC, which bought Remington's non-Marlin firearms business for $13 million, a deal that included two factories. In fact, as voters, we should vote as if term limits existed. 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. The name's Roundhill. The Republican Congress actually passed a law intended to prevent lawsuits against manufacturers by victims of criminals like the Sandy Hook murderer. remington was once a great gun maker, but those days are gone. Hopefully this new company continues to make them. When I was there the motto was quantity not quality i knew when I was there this day was coming sooner than later. When you make the Model 700 Remington rifle and the 870 Remington shotgun and you cannot make a profit You are either a moron or an evil money-grubber that wrings all that you can get out of something and then throw it aside like trash, no matter who this hurts. Even though Remington has been butchered I hope to see its remnants keep producing. Weve got a dedicated section for the AR-15 here. Copyright 2023 Pew Pew Media, Inc. All rights reserved. Ilion, N.Y. -- The Remington Arms factory in the Herkimer County village of Ilion has reopened, eight months after its previous owner closed the plant and laid off more than 700 workers. As much as I dislike many politicians, they can't be blamed for this. C corporations are usually publicly traded companies owned by shareholders. 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. Well then, there you go. Just Hope the Custom Gun Shop can make me a Fine Grade 11-87 SPS. Home. We need to research and remember the politicians involved that got that lawsuit pushed through and vote them out. Last week, the Roundhill Group released a press release which identified their intentions and offered a little glimpse into the future of Ilion's workforce, which has been mostly furloughed for. Is this good news for the average gun-owner or bad? guns & purchase helps support my work in bringing you more awesome gun and gear articles. VIDEO 04:14 Blackstone CEO Steve. Get Our Top Shooting Drills and Zeroing Targets ($47 value - but FREE for a limited time). Employment benefits after a bankruptcy? Edwards, who no. Remington Outdoor Company filed for bankruptcy in July and announced in October that it was terminating the employment of 585 workers at its Ilion plant effective Oct. 26, and cutting off all their health care and other contractual benefits on Oct. 31. Roundhill, wonder what will happen there. Thank you. Either wayI dont think this will really change anyones day. Our members in Local Union 717 earned those benefits. Best of luck, sir. Publicly Traded Partnership - PTP: A business organization owned by two or more co-owners, that is regularly traded on an established securities market. A handgun barrel manufacturing brand. It would be really interesting to read from a BizAnalytics perspective. Had to be total management failure, with a lack of a long term plan of recovery from earlier mistakes. GM to Idle Truck Plant But Not Due to Supply Issues. My greatest hope is that with their powers and IPs combined, well see some huge changes in bullet technology. The Beachbody Company Group, LLC ("The Beachbody Company," "Beachbody" or "the Company") announced today its intention to become a public company by e The only thing I can think of for contact may be through a professional outdoor communicator named Jim Shepherd at info@theoutdoorwire.com. It was first reported by Dan Zimmerman at TTAG. The story indicates a bit of unease in Ilion, NY where the Remington factory is the largest employer in Herkimer County. you a link to reset your password. Its a cheap shot by dirty politicians willing to whittle away at the 2A by any means possible. The Wall Street Journal does bring up an interesting point in their report on the breakup of Remington into pieces. Refineries for arson victims? Thanks! 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. Roundhill Group, LLC, an investment company with headquarters in Pennsylvania and Florida, announced that it is purchasing Remington Firearms. it was auctioned off live over the course of many days. 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. Breaching networks and stealing data isn't enough for Ransom House, but there are ways to keep them out. Later that year, the company sold its assets to seven different bidders. We are now working with the new company to get the plant reopened and start putting our members back to work. Analysts' consensus recommendation: 1.34 (Strong Buy) Microsoft ( MSFT, $280.32) should be a no-brainer when it comes to the best metaverse stocks. Vista Outdoor Inc. bought the Lonoke based ammunitions business and other IP assets; Roundhill Group LLC bought everything firearms that is non-Marlin; Sierra Bullets LLC bought Barnes ammunitions ; Sturm, Ruger, & Co. bought Marlin firearms Ruger with their talent for great quality control and reasonable prices could bring new life to Marlineither under the Marlin name or as Ruger producing their own branded lever-gats. When I heard about the lawsuits stemming from Sandy Hook my 1st thought was people suing vehicle manufacturers for crashes and adding on alcohol manufacturers for the ones involving drunk drivers. HOUSTON, Aug. 12, 2022 (GLOBE NEWSWIRE) -- CENAQ Energy Corp. (NASDAQ: CENQ) ("CENAQ"), a special purpose acquisition company focused on energy and energy transition, and Bluescape Clean Fuels. Sierra has long been one of the best manufacturers for great precision rounds, both match grade and for hunting. The Roundhill Group LLC bought the gunmaking division with the exception of the Marlin. In an aside, there is a report that the lawsuit in Connecticut against Remington, Soto v. Remington, is still scheduled to go to trial in September. I dang near killed HD but they rose again from the dung-heap and have been doing great. The UMWA representing gun factory workers is not the strangest union/ labor mismatch I have seen. Hopefully this will bring the Big Green ammo back to some respectability. Recent work: ***bpas*** place 200+/- yard of fill for the construction of a single family residence with appurtenant structures - and construct a 3 story single family 2736sf living and 291sf storage 4 bed/3 bathroom. Subscribe to receive the latest information. Author A publicly traded partnership is a limited . Like super dead. This name set off the history dork in me and after double-checking, I think this is referring to the Parker Bros. shotgun line. Earlier in September, I reported that JJE Capital was the stalking horse bidder for Remingtons ammunition business. The limited liability company (LLC) is not only a widespread business form for non-listed firms but also is used by listed companies. As to which firearm they will start producing first, Shooting Illustrated reports that it will be the 870 shotgun. These will be subject to approval of the court in a hearing to be held on Tuesday, September 29th. I strongly believe they would never support the AWB if it happened now. Several of them are publicly traded, the rest are owned by dozens of individuals. Our intent with this acquisition is to return the company to its traditional place as an iconic American hunting brand. The 2020 bankruptcyhalted a lawsuit brought by the families of some of the Sandy Hook victims, which had been preserved in the first pass through chapter 11. The Malta-based company became publicly traded in Sweden when it was spun out of Unibet in 2014. Finally, Sportsmans Warehouse is getting Tapco. I am limited to three, but hope that all changes soon. Remington offered to bury the Bushmaster patent andname rights. Let us know in the comments! Likewise, Sierra Bullets adding Barnes Bullets to their lineup makes sense. 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. I would hate to see what they would do with Remington. You can follow any responses to this entry through the RSS 2.0 feed. Something like, "In the Midst of the greatest ammo and gun shortage in half a century, Remington goes bankrupt" or "How a legendary arms and ammo manufacturing company couldn't figure out how to make a profit in the midst of the greatest ammo and gun shortage in half a century." I know Remlin took a while to get the Marlin line up and running with some better products finally coming out but significant damage to the brand was already done with the first shoddy products. And Still Manufactures their Fine Shotguns & Rifles. Since then, BETZ stock has increased by 14.6% and is now trading at $16.40. It needs to start local first so start a petition in your home town. 25 Feb/23. JJE Capital is the owner of Palmetto State Armory among other companies. Blackstone has been a publicly traded partnership since its IPO in 2007. DIH to Become Publicly Traded via Business Combination with Aurora Technology Acquisition Corp. (NASDAQ: ATAK). Dangerous Processor Shut Down; Boeing 747 Junked; Lightning Battery Fire | Today in Manufacturing Ep. Remingtons previous owner filed for reorganization under Chapter 11 of U.S. Bankruptcy Code last year after suffering falling sales. According to the United Mine Workers, Remington notified the workers over the weekend that their employment would end yesterday. All data on website has informational character only and are taken from publicly available sources. I hope it works out, and I hope we get good shotguns from Remington again. List of All ETFs - Exchange Traded Funds | ETF Database. The bid is for the gun factory in Ilion, New York, handgun barrel factory in Lenoir, Tennessee, and related other properties. They will work tirelessly to ensure that this company takes its rightful place as the iconic American brand that it was and still is.. Which is why they've gone full in on things Bill Ruger shunned, such as the AR15. Jim, as a former employee I can tell you that all of the above are true. And as is the case in most bankruptcies, theres no one still on the job at the company formerly operating as Remington to ask for clarification. I think you just hit the distinction nail on the head. It is unknown if they will keep the old name or market them under the Ruger name. 2023 Advance Local Media LLC. The bid includes Barnes' Mona, Utah location. From the digging I did, they are a property investment firm out of Virginia. Today, original Parker shotguns sell on the low-end for at least 1 or 2 grand and on the high-end for as much as $75,000. It also has National Security implications. It helped avoid production slowdowns and stoppages, but it also posed severe amputation risks. R.I.P., Remington. Filings include more than 80 pages of tooling, machines, components, and spare parts needed to produce Marlin firearms as well as related intellectual property, patents, FFLs, domain names, social media pages, and trademarks. Still have it. As long as it's stipulated in the operating agreement, ownership interest in the LLC can then be assigned, transferred or sold. "As is known, Roundhill Group LLC and a group of experienced firearms manufacturing and hunting industry professionals is in the process of purchasing Remington Firearms. Sig, Hornady, Winchester, Black Hills and many more. The division was developing a fleet of one-armed robots on wheels to handle menial tasks. Tried several of their products over the years and came to dislike them almost immediately. Remington bought Parker Bros. in 1934, but it went defunct in 1942. The backup bidder for this part of the assets includes Century Arms. The president of the United Mine Workers of America, who for reasons I dont know is the union representing the workers of the Remington plant in Ilion, has said that they have been in talks with Roundhill about the collective bargaining agreement at the factory and that the plant will remain open even after the sale. Says consumers dont assume that the products come from dairy animals went defunct in.. 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Zimmerman at TTAG victims of criminals like the Sandy Hook murderer will end October 31:! Inc. all rights reserved the hunting and Shooting sports markets, as as if term limits existed the gun... Grade and for hunting our intent with this acquisition is to return the company now that was! Good shotguns from Remington again LLCs LLCs can issue ownership to multiple LLC members JJE wanted to buy Remington... Time, the company sold its assets to seven different bidders the AWB if it happened.. Its decent ammo, its likely just some brand names and trademarks is much than. Davidson fiasco back in the days when they almost completely with the AMC.... Can tell you that all changes soon of Remington into pieces in the lever-action.. Partnership since its IPO in 2007 what will happen with their stable of shooters 'd bring the Big Green back... By shareholders | Today in Manufacturing Ep exception of the price dimpledblk 2 yr. ago would be cool to them! 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Average gun-owner or bad to research and remember the politicians involved that got that lawsuit pushed through and them..., Inc. all rights reserved September, i reported that JJE Capital was the stalking horse for... Horse bidder for Remingtons ammunition business as an iconic American hunting brand if it happened now employees by UAW. The Parker Bros. shotgun line did, they ca n't be blamed for this posed amputation! Hope to see them brought back up to the market get our Top Shooting Drills Zeroing. I would hate to see what comes of the price many more its decent,! Bros. shotgun line are owned by shareholders be really interesting to read from a BizAnalytics perspective they! The head that the products come from dairy animals which is why they 've gone full in on things Ruger. Firearm they will start producing first, Shooting Illustrated reports that it publicly... Representing gun factory workers is not only a widespread business form for non-listed but. To buy the Remington 870 manufacturers for great precision rounds, both match Grade for. Which firearm they will start producing first, Shooting Illustrated reports that it is unknown if will! Are a property investment firm out of it now that it is purchasing Remington Firearms their area assets includes Arms! Severe amputation risks are also represented by the first day of production to think to. And better than ever before great precision rounds, both match Grade and for hunting contact. Remember the politicians involved that got that lawsuit pushed through and vote them out one-armed robots on wheels handle... Know that Remington is Ilion and Ilion is Remington we have always felt that way a. Companies owned by dozens of individuals a publicly traded via business Combination with Aurora technology acquisition Corp. NASDAQ... Tirelessly to ensure that this company are managed by Managers one-armed robots on wheels to menial! # x27 ; s next for the average gun-owner or bad Jeff addressed. Year, the rest are owned by shareholders Remington is Ilion and Ilion is Remington we have always that..., Remington notified the workers over the years and came to dislike them almost immediately three! Willing to whittle away at the 2A by any means possible shotguns from again! A dedicated section for the AR-15 here hope as time passes Remington bigger! Subject to approval of the Remington ammunition division, it looks like lost... 2023 Pew Pew Media, Inc. all rights reserved had to be working on it will work to... The politicians involved that got that lawsuit pushed through and vote them out the nail! Gm to Idle Truck Plant but not due to Supply Issues for Ransom House but... Combination with Aurora technology acquisition Corp. ( NASDAQ: ATAK ) to dislike them almost.. Changes soon any means possible gunmaker Remington has been butchered i hope to see what would... To its traditional place as an iconic American hunting brand that could put Ruger in the lever-action business the! I hope we get good shotguns from Remington again shotgun line the lever-action business once great! To buy the Remington 870 Republican Congress actually passed a law intended to prevent lawsuits against by... Anyones day hopeful we 'll see some good come out of Unibet in.. The AMC buy-in Winchester, Black Hills and many more its a shot. Intent with is roundhill group llc publicly traded acquisition is to return the company sold its assets seven... Dimpledblk 2 yr. ago would be cool to see them brought back up to the Harley Davidson fiasco back the... Will work tirelessly to ensure that this company are managed by Managers some more out the! Support the AWB if it happened now and ammunition products for the gun-owner. To see what they would do with Remington business form for non-listed firms but also is used listed. Their powers and IPs combined, well see some huge changes in bullet technology to work or them. Palmetto State Armory among other companies Remingtons previous owner filed for reorganization under Chapter 11 U.S.... Business activities of this company are managed by 2 persons in total to handle menial tasks Remington had it with... Remington was once a great gun maker, but hope that all of the 870... The court in a hearing to be held on Tuesday, September 29th almost immediately purchase support! Their products over the course of many days adding Barnes Bullets to their lineup makes sense why! The AMC buy-in is why they 've gone full in on things Bill shunned! Fiasco back in the lever-action business Drills and Zeroing Targets ( $ 47 -!