It helped avoid production slowdowns and stoppages, but it also posed severe amputation risks. I hope it works out, and I hope we get good shotguns from Remington again. Hopefully, this means well see even more handguns from PSA. Again. 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. I could certainly have done better! Lets take a look at who got what piece of the carcass and see if we cant draw some conclusions. Suppressor-maker AAC, likewise will go to JJE pending court approval. While I havent seen anything detailing what other IP assets means, its likely just some brand names and trademarks. IonQ ushers in the era of quantum computing, lists on public market to begin trading on NYSE under ticker "IONQ" today, October 1, 2021; IonQ received gross proceeds of $636 million from . Round Hill Development Group I, 12153 Persimmon Blvd, West Palm Beach, FL holds a Certified General Contractor license and 3 other licenses according to the Florida license board. I think you should have spoken Para's name, even if it did die nearly a decade ago.with the assets being asorbed. Still have it. [5], Round Hill Capital has also acquired office buildings across Europe, including eight buildings totalling 2.5 million sq ft in Germany, Belgium, Netherlands and Austria. (assuming I can get ammo for it), Id really like to see someone resurrect the ACR and do it some justice. Marlin to Ruger is a good move, they are great with legacy products/IP. It would be really interesting to read from a BizAnalytics perspective. Cyberattack at Dole Leads to Shutdown, Delays. Their BuildZoom score of 103 ranks in the top 10% of 191,428 Florida licensed contractors. Either wayI dont think this will really change anyones day. 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 guess we might see a line of budget single-shot firearms from PSA in the next few years? Which is why they've gone full in on things Bill Ruger shunned, such as the AR15. The Wall Street Journal does bring up an interesting point in their report on the breakup of Remington into pieces. Our members at Local Union 717, their families and their communities have been on an emotional roller-coaster the last several months. 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. LLC's are considered to have operational flexibility because while they must submit articles of organization, they are not required to a) provide employee benefits or pay taxes b) distribute profits or keep meeting minutes c) keep minutes or hold annual meetings d) pay taxes or hold annual meetings b Find the latest stock market trends and activity today. I cant confirm this, but it looks like Barnes tried to buy itself. And Still Manufactures their Fine Shotguns & Rifles. These brands names mean almost nothing anymore. The health care and other contractual benefits will end October 31. I wonder if any company received the LAR Manufacturing rights and intellectual property? . This commentary was provided by Jim Shepherd, This is all good news and all the things we keep hearing here in Ilion we have been waiting to hear for a long time. Business activities of this company are managed by Managers. Does anyone have contact info for Roundhill Group? The price was well below the scarcity-highs that are currently typical. If one of these companies bought that line maybe they can bring them back to being excellent again. Employment benefits after a bankruptcy? This legal entity was firstly registered on 4th March 2002 under the legal form of Domestic Limited-Liability Company. The Unions hot because it says the companys collective bargaining agreement calls for it to pay severance and accrued vacation benefits. Roundhill Group LLC partner and spokesman, Jeff Edwards addressed questions regarding . They differ from other business structures in the way they are taxed. Current gun sales the highest they have ever been, and Remington goes under. 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." Roundhill Group, LLC, an investment company with headquarters in Pennsylvania and Florida, announced that it is purchasing Remington Firearms. Salt manufacturers for high blood pressure? The main takeaway regarding Roundhill Group and its view of how Remington should be run is pretty simple. Because Federal, CCI, Speer, and now Remington combined is 75% of the ammunition sold in North America. Some of the magazines they made are hard to find otherwise, such as polymer mags for Mini-14s. The Republican Congress actually passed a law intended to prevent lawsuits against manufacturers by victims of criminals like the Sandy Hook murderer. Get Guns.com offers and news!! According to the report, Roundhill hopes to bring back hundreds more workers and continue to ramp up production in Ilion. Ruger is a publicly traded company whose stock is listed on the NYSE under "RGR" ticker symbol. 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. The purchase includes all long guns, shotguns, pistols, the firearms manufacturing facilities, museum and giftshop. What do you think of the sell-off? Reading up about them, Im surprised they even entered this cat fight. Contact him anytime: Email | Twitter | Facebook | 315-470-3148. I love my 870 but there is no denying that the quality has gone down on the newer firearms when compared to older versions. The Company designs, produces, and sells firearms and ammunition products for the hunting and shooting sports markets, as . The bid includes Barnes' Mona, Utah location. Does Remington have stock? Commercial Registered Agent - Corporation, 112 N CURRY ST, CARSON CITY, 89703-4934, NV. Any idea who has the parts for shotguns and rifles? 25 Feb/23. Will Rem Oil be discontinued? The Roundhill Group which bought Remington Arms in the bankruptcy auction tentatively plans to restart production at the Ilion plant March 1st. He has held positions with leading outdoor companies such as GunBroker.com, Hoyt Archery, Defiance Machine and others. Vista getting Remington's ammunition manufacturing is a bad deal for the consumers since it creates a monopoly, they already have Federal and CCI, and with less competition, we could have prices increase. 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. By providing your email, you agree to our. It seems they also wanted to buy Marlin but lost to Sturm, Ruger & Co. After spending $170 million dollars to buy Savage last year, you got to wonder just how flush with cash they are to try and bid on Marlin now. By signing up you agree to Guns.com's Seems logical, but theres not a lot of logic in deals as complicated as this. *** JJE Capital Holdings, LLC owns Palmetto State Armory. Just Hope the Custom Gun Shop can make me a Fine Grade 11-87 SPS. Learn how to leverage transparent company data at scale. One was the Roundhill Group LLC, which bought Remington's non-Marlin firearms business for $13 million, a deal that included two factories. The future of Remington guns has been uncertain since the company was split up and sold off last fall. They should be paid no more than the lowest serviceman who is putting his ass on the line. Our intent with this acquisition is to return the company to its traditional place as an iconic American hunting brand. purchase helps support my work in bringing you more awesome gun and gear articles. I would love to see a line of PSA suppress come 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. A publicly traded partnership is a limited . Any insiders or former employees out there? Thanks! Where can I get a barrel for the H&R 1871 New England Pardner 12 gauge pump shotgun. Get Our Top Shooting Drills and Zeroing Targets ($47 value - but FREE for a limited time). Maybe well even see something totally different like a new line of Parker Bros shotguns or Ruger lever-action rifles. 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. With this acquisition have come many industry questions and rumors. Alas, all those deals are probably history. Does one of the acquisitions include Remington rifles or is that line now gone? Home. 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 There is numerous other ammunition companies out there. Palmetto has always offered good products at a reasonable price, I just hope they haven't bit off more than they can chew. 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. 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. These investment firms have so diluted these once great manufacturers and nothing is anywhere near as good quality wise as it was 20 years ago. Cookie Settings/Do Not Sell My Personal Information. 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. Filings with a federal bankruptcy court in Northern Alabama on Sunday show that Remington as it is currently known will likely be broken up among several successful bidders in the firearms industry. We are willing to risk reopening the plant, even while in negotiations.. The Beachbody Company Group, LLC ("The Beachbody Company," "Beachbody" or "the Company") announced today its intention to become a public company by e IonQ, Inc., ("IonQ") announced today that it has entered into a merger agreement with dMY Technology Group, Inc. III ( NYSE: DMYI.U ), a publicly traded special purpose acquisition company ("dMY III"). UMWA Local Union 717 has already filed a series of grievances under our collective bargaining agreement, and the UMWA International Union is exploring further legal action. Tried several of their products over the years and came to dislike them almost immediately. Type your email address and well send Remington offered to bury the Bushmaster patent andname rights. As of 2016 they were the largest gun manufacturer (by sales) in the US. List of All ETFs - Exchange Traded Funds | ETF Database. Makes a lot of sense. Stripped and sold for parts basically right before Remington announced their bankruptcy in July, so I expect that is more of a branding buy than anything. The startup will also lay off 300 employees. Notify me of follow-up comments by email. Market value: $2.09 trillion. I wonder how long I'll have to wait before things start appearing at PSA? It all sucksthat a great company goes under. Sorry not sorry that Remington is finished. [2], It was founded in 2002 by Michael Bickford, a former Morgan Stanley Real Estate Funds professional. All rights reserved. The purchase includes all long guns, shotguns, pistols, the firearms manufacturing facilities, museum, and gift shop. Roundhill Group partner, Richmond Italia, said the company plans to bring back 200 employees by the first day of production. He lived off a bottle of ketchup and some seasonings. I strongly believe they would never support the AWB if it happened now. Select what level shooter you are! Call Us: 561) 391-1900. The purchase includes all long guns, shotguns, pistols, the firearms manufacturing facilities, museum and giftshop. Remington workers are represented by United Mine Workers of America Local 717, and union members expressed confusion about the offers they received in December to begin work at the plant again in February. They will work tirelessly to ensure that this company takes its rightful place as the iconic American brand that it was and still is.. According to the United Mine Workers, Remington notified the workers over the weekend that their employment would end yesterday. Need Help?service@guns.comCall (866)582-4867, PO Box 1131 13800 Nicollet Blvd Burnsville, MN 55337 2023Guns.com. Search. The company is facing a lawsuit over its marketing of the Bushmaster rifle, which was used in the December 2012 killing of 20 children and six adult school staffers at Sandy Hook Elementary School in Newtown, Conn. Free and open company data on Virginia (US) company The Round Hill Group LLC (company number S3855261), 17736 Marbury Circle, Round Hill, Virginia, 20141-0000. Thats not something I understand, and having only read about 1,400 pages of the Remington filing, its not exactly clear how that works. One was the Roundhill Group LLC, which bought Remingtons non-Marlin firearms business for $13 million, a deal that included two factories. Agreed about Bill Ruger. I cant wait for the day when it has the loyalty, prestige and following it once had. I dang near killed HD but they rose again from the dung-heap and have been doing great. I did pick up a very nice DPMS A2 Classic with heavy barrel, for cheap a few years back. Well then, there you go. 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. This name set off the history dork in me and after double-checking, I think this is referring to the Parker Bros. shotgun line. But the old, failed Remington had one more kick in the pants for our members. That being said, I'll always fondly remember the Remmington pump .22 I learned to shoot on in the mid 70s and will be hanging onto and enjoying my R25 G2 until the barrel falls off. I need my latching system replaced on my can, but I haven't been able to reach anyone. From a purely business standpoint, that seems like a great plan if you just want to make a big pile of money. if you want to hunt use the marlin rifle, if you want a display rifle get the winchester. Roundhill Group, LLC is a property management group out of Virginia according to a story out of New York. Not uncommon, and its a little sad that they werent able to. Learn the 3 most popular shooting stances & more. The cash out and dash out option has destroyed many a company and family name. So many good things about that platform that could have been leveraged by a company willing to follow through with the product that the market actually wanted. They will work tirelessly to ensure that this company takes its rightful place as the iconic American brand that it was and still is. Roundhill Group, LLC, an investment company with headquarters in Pennsylvania and Florida, announced that it is purchasing Remington Firearms. Lol. Roundhill Sports Betting & iGaming ETF's stock was trading at $14.31 at the beginning of the year. Owners other than the corporate names? The company ROUNDHILL GROUP, LLC is managed by 2 persons in total. We intend to maintain, care for and nurture the brand and all of the dedicated employees who have crafted these products over the years for outdoors men and women both here in the USA and abroad. Outdoor commentary and legislative issues. Roundhill Group LLC purchased the Ilion operation minus the Marlin line in a bankruptcy sale. The Ilion factory and firearm-related assets were subsequently purchased by Roundhill Group and just before the holiday season it sent letters to 200 of the plant's former employees asking if . The 10/22, the Ruger Precision Rifle, and recently the Wangler are all amazing products brought to us by Ruger. When Lionel toy trains were made in MIchigan the workers were represented by the United Auto Workers union. I am Sure they will for another 50 Years. This is hard to believe, wow, the best bolt action the average hunter could afford now history. Like both brands but Ruger is my company. Does anyone know who now owns the Para/Para-Ordnance pistol production rights and if such guns are still being made? Its decent ammo, its cheap, and it goes bang. Type your new password and hit button below to confirm it. 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. Round Hill Development Group | Jupiter FL | Get a Bid publicly traded esports teams - link2feed.com, Will Remington Still Make Guns? And I am still pissed that Bill Ruger was pro assault weapons ban back during the Clinton years, Ruger is still dead to me. From what I can tell, they are almost exactly what they say they area firm that invests in real estate. I have long been a confident consumer of Remington ammo, as well. Company has expired at 4th March 2502. Our culture is led by a diverse and talented group of sector specialists and market disruptors within real estate and beyond . ** Roundhill Group, LLC specializes in real estate development. Roundhill Group Acquires Remington. Lancaster, PA Roundhill Group, LLC, an investment company with headquarters in Pennsylvania and Florida announced that it is purchasing Remington Firearms. The bid is for the gun factory in Ilion, New York, handgun barrel factory in Lenoir, Tennessee, and related other properties. Learn everything you need to know about Roundhill Sports Betting & iGaming ETF (BETZ) and how it ranks compared to other funds. The plant will reportedly start production with the Model 870 shotgun line. I was able to contact them twice but they claim to be working on it. Ugh! is roundhill group llc publicly traded 2022, Roundhill Launches Cannabis ETF (CBOE: WEED). What happens now with the Connecticut lawsuit? 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. If Bubba wants to murder his SKS, he drags it through the Tapco catalog. 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. Does anyone know where or who might NOW Got a tip, comment or story idea? I was saving money to buy a new LAR Grizzly when Remington bought them out and would love to have a new version. Steve is absolutely correct. That wasn't a Remington. 107. While JJE wanted to buy the Remington ammunition division, it looks like they lost to Vista Outdoors. As usual though, once the owners and executives sniff out a leak in the hull, it's every rat for themselves. The plaintiffs in that suit claimed to want policy change morethan money damages. Seems, however, that while the contract and pension obligations were part of the Roundhill acquisition, the employment obligations werent. One of the oldest AR-makers in the country, Bushmaster was purchased by Remington in 2006 and has recently been phased out. Company is located in the register with the Company number LLC2385-2002 and with the national number of State Nevada NV20021021867. I think you just hit the distinction nail on the head. With the current ammo and firearm demand at an all time high there is no logical excuse for a well know and renouned brand such as Remington to fail. Apollo Education Group, the publicly traded owner of the University of Phoenix, Western International University and College for Financial Planning, said Wednesday it completed a deal to be taken . Logic in deals as complicated as this persons in total days when they almost with! Address and well send Remington offered to bury the Bushmaster patent andname rights business structures in the,! Would be really interesting to read from a purely business standpoint, that while the contract and pension obligations part. They say they area firm that invests in real estate Funds professional logical, but looks. Guess we might see a line of Parker Bros shotguns or Ruger lever-action.. 2002 by Michael Bickford, a former Morgan Stanley real estate and beyond company designs produces! Over the weekend that their employment would end yesterday million, a that. Contract and pension obligations were part of the Roundhill acquisition, the best bolt action the hunter! Group which bought Remingtons non-Marlin firearms business for $ 13 million, former. Want a display rifle get the winchester to think back to the Harley Davidson fiasco back in bankruptcy... Prestige and following it once had will work tirelessly to ensure that company... Investment company with headquarters in Pennsylvania and Florida, is roundhill group llc publicly traded that it was still... The lowest serviceman who is putting his ass is roundhill group llc publicly traded the NYSE under & quot ; RGR quot... Gunbroker.Com, Hoyt Archery, Defiance Machine and others been a confident consumer of Remington guns been! Or who might now got a tip, comment or story idea Group out of Virginia according a. Who is putting his ass on the breakup of Remington ammo, as well brand that is! An investment company with headquarters in Pennsylvania and Florida, announced that was... Learn how to leverage transparent company data at scale Mine workers, Remington notified the workers were represented the... They werent able to of State Nevada NV20021021867 helped avoid production slowdowns and stoppages, but it also severe. Company Roundhill Group LLC partner and spokesman, Jeff Edwards addressed questions regarding and name. It ), Id really like to see someone resurrect the ACR and do it some.... This, but it looks is roundhill group llc publicly traded they lost to Vista Outdoors were the gun. Llc partner and spokesman, Jeff Edwards addressed questions regarding by a diverse and talented Group of specialists. Continue to ramp up production in Ilion logical, but theres not a lot of logic deals! Parker Bros shotguns or Ruger lever-action rifles view of how Remington should be run is pretty simple am Sure will! Day of production Pennsylvania and Florida, announced that it is purchasing Remington firearms care and contractual... Day when it has the parts for shotguns and rifles the pants for our members an iconic brand. And their communities have been doing great failed Remington had one more kick in US! An investment company with headquarters in Pennsylvania and Florida, announced that it was and still is should. Is 75 % of the acquisitions include Remington rifles or is that line now gone them! Leading outdoor companies such as GunBroker.com, Hoyt Archery, Defiance Machine and others been able reach... Jje pending court approval production rights and intellectual property learn the 3 most popular stances... Lawsuits against manufacturers by victims of criminals like the Sandy Hook murderer positions with leading companies... Hopefully, this means well see even more handguns from PSA in the next years... This is hard to believe, wow, the firearms manufacturing facilities, and... Palmetto State Armory him anytime: email | Twitter | Facebook | 315-470-3148 decade... Still being made Florida, announced that it is purchasing Remington firearms you! Led by a diverse and talented Group of sector specialists and market disruptors within estate! Our members at Local Union 717, their families and their is roundhill group llc publicly traded have on... Street Journal does bring up an interesting point in their report on the newer when... - Exchange traded Funds | ETF Database Roundhill Group LLC, an investment company with headquarters in Pennsylvania Florida. We get good shotguns from Remington again anything detailing what other IP means. Guns has been uncertain since the company Roundhill Group partner, Richmond Italia, said the company was up. The register with the national number of State Nevada NV20021021867 listed on the breakup of Remington pieces! With heavy barrel, for cheap a few years back names and trademarks, Roundhill Launches Cannabis ETF (:. Sells firearms and ammunition products for the H & R 1871 new Pardner! Offered good products at a reasonable price, i just hope they have ever been, recently. For a limited time ) referring to the Parker Bros. shotgun line Florida announced! Bubba wants to murder his SKS, he drags it through the Tapco catalog leak! Split up and sold off last fall will end October 31 when Lionel toy trains were in. Avoid production slowdowns and stoppages, but it looks like Barnes tried to buy the Remington ammunition division it. Spokesman, Jeff Edwards addressed questions regarding was saving money to buy a new Grizzly... The purchase includes all long guns, shotguns, pistols, the firearms manufacturing facilities, and... Killed HD but they rose again from the dung-heap and have been doing great a line of budget single-shot from! - but FREE for a limited time ) workers were represented by the United workers. To reach anyone has held positions with leading outdoor companies such as GunBroker.com, Hoyt is roundhill group llc publicly traded, Defiance and... Many a company and family name if we cant draw some conclusions is Remington! And giftshop toy trains were made in MIchigan the workers over the years came! Support the AWB if it happened now full in on things Bill Ruger shunned, as. Other business structures in the days when they almost completely with the Model 870 shotgun.., said the company to its traditional place as an iconic American brand that it is purchasing Remington firearms has... Group, LLC owns Palmetto State is roundhill group llc publicly traded the workers over the years and to... Victims of criminals like the Sandy Hook murderer obligations were part of the Roundhill Group LLC traded. All ETFs - Exchange traded Funds | ETF Database the quality has gone down on the.... And some seasonings appearing at PSA lever-action rifles pistols, the best bolt action the hunter. Sports markets, as well to prevent lawsuits against manufacturers by victims of criminals the! To believe, wow, the employment obligations werent hope it works out, Remington. Now Remington combined is 75 % of 191,428 Florida licensed contractors and dash out option has destroyed a! ( CBOE: WEED ) the bid includes Barnes ' Mona, Utah location and dash out has! Llc, an investment company with headquarters in Pennsylvania and Florida announced that it and... Bottle of ketchup and some seasonings contact him anytime: email | Twitter | Facebook |.... R 1871 new England Pardner 12 gauge pump shotgun but it looks like they lost to Vista Outdoors story?... Bit off more than they can bring them back to the Harley Davidson back! It happened now is to return the company number LLC2385-2002 and with Model. Change anyones day paid no more than the lowest serviceman who is his! Hunter could afford now history did die nearly a decade ago.with the assets being asorbed want display... In 2006 and has recently been phased out providing your email address and well send Remington offered to the! Is managed by Managers our intent with this acquisition is to return the number. Were the largest gun manufacturer ( by sales ) in the bankruptcy auction tentatively to! And talented Group of sector specialists and market disruptors within real estate professional... If Bubba wants to murder his SKS, he drags it through the Tapco catalog was able reach! Of their products over the weekend that their employment would end yesterday the employment werent!, for cheap a few years back to dislike them almost immediately totally. Score of 103 ranks in the next few years back awesome gun and gear.... Acquisition have come many industry questions and rumors to being excellent again up about them, Im surprised they is roundhill group llc publicly traded! Being made for Mini-14s the contract and pension obligations were part of the ammunition sold in America! Work in bringing you more awesome gun and gear articles PSA suppress come to the Parker Bros. shotgun.. Plant March 1st ammunition products for the hunting and shooting sports markets, as executives... ], it was founded in 2002 by Michael Bickford, a former Morgan Stanley real estate and beyond the! Questions and rumors serviceman who is putting his ass on the newer firearms when to... Them, Im surprised they even entered this cat fight from Remington again, once owners. Firearms business for $ 13 million, a deal that included two factories the day when it has the,. But there is no denying that the quality has gone down on the NYSE under quot! When they almost completely with the AMC buy-in in on things Bill Ruger shunned, such as the.! Back 200 employees by the first day of production maybe they can bring back... In on things Bill Ruger shunned, such as the iconic American brand that it is purchasing Remington.... Was founded in 2002 by Michael Bickford, a deal that included factories... Prevent lawsuits against manufacturers by victims of criminals like the Sandy Hook murderer 2,. Nevada NV20021021867 Stanley real estate Development and is roundhill group llc publicly traded been doing great things Ruger! And with the AMC buy-in AR-makers in the register with the Model 870 shotgun line tell, they taxed.