Any idea who has the parts for shotguns and rifles? I think the whole thing sucks, totally. Franklin Armory getting Bushmaster will be a good fit for them. View the best growth stocks for 2023 here. [7], According to Reuters, as of October 2013, Vitus's enterprise value was 1.2-1.4 billion euros ($1.6-1.9 billion USD). suns the valley sweatshirt; long-form content statistics; state of play april 2022; manchester united vs wolves 2011; lovevery shape sorter Where can I get a barrel for the H&R 1871 New England Pardner 12 gauge pump shotgun. The bid amount listed in court documents is $30 million, a figure that could put Ruger in the lever-action business. To bad! Lanvin Group is a global luxury fashion group that owns the oldest operating French couture house Lanvin, Italian luxury shoemaker Sergio Rossi, Austrian skinwear specialist Wolford, iconic . As much as I dislike many politicians, they can't be blamed for this. 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. As long as it's stipulated in the operating agreement, ownership interest in the LLC can then be assigned, transferred or sold. Seems, however, that while the contract and pension obligations were part of the Roundhill acquisition, the employment obligations werent. This is what happens when big corporate holding companies buy up iconic brands. 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. 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. Contact him anytime: Email | Twitter | Facebook | 315-470-3148. With this acquisition have come many industry questions and rumors. roundhill group llc owns what companies Uncategorized September 20, 2021. The Malta-based company became publicly traded in Sweden when it was spun out of Unibet in 2014. He said the offer to the employees was not conditioned on waiting for these negotiations to be complete. Best of luck. [8] In December 2013, according to Reuters, its sources stated that Round Hill and its fellow co-owners of Vitus Immobilien were in negotiations with Deutsche Annington on selling Vitus to the latter. Remington had it problems with quality due to corporate greed but they didnt deserve this. Home; About Us; Cases. Is this good news for the average gun-owner or bad? Thank you. Only time will tell. I am Sure they will for another 50 Years. Publicly Traded LLCs LLCs can issue ownership to multiple LLC members. Like both brands but Ruger is my company. 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 hope as time passes Remington grows bigger and better than ever before. Another longtime Remington executive, who would prefer not to be named, also bowed out of the potential management team. When I was there the motto was quantity not quality i knew when I was there this day was coming sooner than later. Lancaster, PA Roundhill Group, LLC, an investment company with headquarters in Pennsylvania and Florida announced that it is purchasing Remington Firearms. With this acquisition have come many industry questions and rumors. Some great products have come from the Remington line and wed all like to see innovation and quality return. This week, Syracuse.com reported that Roundhill has called 230 workers back to the factory. Our intent with this acquisition is to return the company to its traditional place as an iconic American hunting brand. The deal, expected to close in the second quarter, will make Wheels Up the first publicly traded standalone private jet company and vaults the seven-year-old start-up past many of the industry's . C corporations are usually publicly traded companies owned by shareholders. Remington's factory in Ilion, New York, was closed in October after 585 furloughed workers were abruptly terminated without severance pay. Tried several of their products over the years and came to dislike them almost immediately. Something like that. In fact, one of the best ammo deals I got online very recently was Remington 9mm. A new video series from Manufacturing.net - Security Breach, looks to offer the insight and tools needed to ready your company's defenses. Then go home with no benefits or pension. Business activities of this company are managed by Managers. I kept hoping that they would get some more out to the market. By providing your email, you agree to our. One was the Roundhill Group LLC, which bought Remington's non-Marlin firearms business for $13 million, a deal that included two factories. Roundhill Group, LLC, an investment company with headquarters in Pennsylvania and Florida, announced that it is purchasing Remington Firearms. plus rugers quality control is much better than the current remington brand. "Roundhill Group LLC" is the name listed in the bankruptcy court documents, and an internet . Gary, I havent heard anything new from Jim Shepherd on this critical matter, but if anyone can get inside, he would be my go-to man. I would hate to see what they would do with Remington. 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. It wont be long. Some of the magazines they made are hard to find otherwise, such as polymer mags for Mini-14s. 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. it was auctioned off live over the course of many days. Right now if you want a lever-action rifle your main choices are Marlin, Winchester (if you can find one), Henry, Italian-based companies doing reproductions like Uberti, or some very questionable Rossi rifles out of Brazil. When you get hit by a drunk driver you dont go after GM. Research performance, expense ratio, holdings, and volatility to see . Company is located in the register with the Company number LLC2385-2002 and with the national number of State Nevada NV20021021867. Sadly, Remington isnt what it once was. The plant will reportedly start production with the Model 870 shotgun line. JJE Capital Holdings, the investment company that owns South Carolina-based Palmetto State Armory, is listed as the successful bidder of Remington's recently shuttered DPMS black rifle brand as well as the H&R, Stormlake, and Parker brands. you a link to reset your password. Likewise, Sierra Bullets adding Barnes Bullets to their lineup makes sense. [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. From the digging I did, they are a property investment firm out of Virginia. Maybe JJE got it as a package deal, buy 4 brands get 1 free? He has hunted all over the US and abroad. As Americans we should be outraged that Remington was allowed to be sued for Sandy Hook! 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. Any insiders or former employees out there? The Roundhill Group LLC bought the gunmaking division with the exception of the Marlin line, which was auctioned to Ruger. Guess the 35 Remington made in 1938, that I bought it in 1962 and my falling block 22 rifle model 4 made in 1913 now have a special place in the safe, As long as they make lot's more V3-TAC13's I'll be happy. 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. Not uncommon, and its a little sad that they werent able to. Our culture is led by a diverse and talented group of sector specialists and market disruptors within real estate and beyond . 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. We'll only use the information provided according to our privacy policy. They are now identified as an investment company with headquarters in Pennsylvania and Florida. You don't put all your eggs into one basket! And stay in touch with newsletters of our best articles on techniques, guns, & gear. There has been a lot of speculation on the Roundhill Group that purchased the non-Marlin firearms business of Remington Outdoor Company. Sig already makes some very nice ammo, but with their attempts to score some US military contracts for things like .277 Fury adoption it makes sense that theyre shopping for more manufacturing capabilities. Maybe Marlin could follow HD strategic climb out of the dung-heap strategy and do likewise. DIH to Become Publicly Traded via Business Combination with Aurora Technology Acquisition Corp. (NASDAQ: ATAK). The plant suffered "pretty catastrophic" damage. guns & This is some news I really like! The Wall Street Journal does bring up an interesting point in their report on the breakup of Remington into pieces. I cant help but have a very good feeling about Remingtons future here in Ilion. This time for real. Plaintiffs declined. The UMWA representing gun factory workers is not the strangest union/ labor mismatch I have seen. Losing the bidding war to Roundhill Group, Century Arms was in the running for the non-Marlin firearm business part of the deal. Call Us: 561) 391-1900. Term limits for every politician and judge no more than two terms just like the president. Roundhill Group LLC partner and spokesman, Jeff Edwards addressed questions regarding . 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. Reuters stated that month that according to four individuals, Round Hill was considering how to sell Vitus. Dunkin' is being acquired in an $11.3 billion deal. Current gun sales the highest they have ever been, and Remington goes under. Best thing Tapco ever made. They are all life-long hunting advocates and staunch Remington brand loyalists. Maybe Franklin bought them for the name, maybe they got some manufacturing bits out of it, were not sure yet. The cash out and dash out option has destroyed many a company and family name. Their BuildZoom score of 103 ranks in the top 10% of 191,428 Florida licensed contractors. Thank You Ron Schoonmaker ( Village Trustee ). Current companys status is Permanently Revoked. Maybe Tapco will be revived and well see some new G2 AK triggers. Italia said Friday that the owners are in talks with the union and hope to come to a mutual beneficial agreement for all parties involved.. According to the report, Roundhill hopes to bring back hundreds more workers and continue to ramp up production in Ilion. anything extra and your Be it shooting, upgrading, building, tinkering, or writing about them - sharing his passion and knowledge of firearms with others is an everyday occurrence. What did He think He would Gain by Being a Sell Out? This is a developing story. 2023 Advance Local Media LLC. Remington died when it was turned into a Holding Company and started buying up everything they could then gutting them. 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 like the ruger marlin deal. The name's Roundhill. Roundhill purchased the gun factory in the fall for $13 million in a sale supervised by a U.S. Bankruptcy Court judge in Alabama. remington was once a great gun maker, but those days are gone. Type your email address and well send The final bids were released today. Ive been there, and I sympathize. Trademarks include that of Panther Arms, Halcyon, and Para-Ordnance. Our intent with this acquisition is to return the company to its traditional place as an iconic American hunting brand. 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. I also think with this new ownership we the ( Village ) and Remington the ( Company ) can form a renewed and strong alliance for the good of everyone. We all know that Remington is Ilion and Ilion is Remington we have always felt that way. Ive got a gun in Ilion. Suppressor-maker AAC, likewise will go to JJE pending court approval. I dont know if PSA is building their own handgun barrels in-house for the PSA Dagger, but if they arent then this makes perfect sense to buy. After 200 years in business, gunmaker Remington filed for bankruptcy for the second time in July of 2020. In regards to Sportsman's Warehouse buying Tapco, I hope they put that stuff back into production, especially the magazines. gear. To me this part is interesting also, but here are some brands that didnt win the auction. Have Questions? Does anyone know where or who might NOW Author In October, a bankrupt Remington terminated nearly 600 workers at the plant. Round Hill Asset Management is an investment management firm (RIA) serving both individual and institutional investors. You'll now receive newsletters of our best articles on techniques, Community Rules apply to all content you upload or otherwise submit to this site. Gray Wolves Management Returned to States and Tribes, Florida: Governor DeSantis Issues Updates on Hurricane Ian, Secretary Bernhardt Announces Historic Expansion of Hunting, Yamaha Launches 2023 Off-Road ATV and Side-by-Side Lineup, Trump Administration Adds 1,275 Miles to National Trail, Johnny Morris Announces New Oceanfront Resort in Florida, Arizona: Mexican wolf numbers soar past 200, Smith & Wesson 9mm Pistol Carbine, the M&P FPC, SIG SAUER Announces Commercial Introduction of the MCX-SPEAR Rifle, Roundhill Group LLC Purchases Remington Firearms, Moultrie Mobile New for 2021: Delta Cellular Trail Camera, Moot Michigan Anti-Hunting Referendums Assigned Ballot Numbers, Mossy Oak IGNITE-Powered by FUSE Technology Heated Seat Cushion Now Available Exclusively at Walmart, Michigans UP Deer Numbers Continue Downward, New .22 LR Double-Barrel Handguns by Bond Arms. 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. What happens now with the Connecticut lawsuit? With their ability to make economical options for the masses, I think this could be very beneficial to the people. The long practice of our government was not to have one company manufacture all the weapons and ammo going back a long time. According to the United Mine Workers, Remington notified the workers over the weekend that their employment would end yesterday. Back in July Remington filed for bankruptcy. What does this mean for the warranty on the AAC products? Marlin has been in the lever-action game for a long, long timebut under Remington ownership, the quality has declined sharply. 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. Subscribe to our emails. All rights reserved (About Us). Case Evaluation Black HIlls, Sig, Hornady, and similar are tiny fractions of the actual market. Finally, Sportsmans Warehouse is getting Tapco. [6] The portfolio comprises 2,500 student beds in three towers in Central London, including the world's tallest student accommodation building at Prodigy Living Spitalfields. Terms and Conditions and Privacy Policy. One of the oldest AR-makers in the country, Bushmaster was purchased by Remington in 2006 and has recently been phased out. Refineries for arson victims? Roundhill Group, LLC, an investment company with headquarters in Pennsylvania and Florida announced that it is purchasing Remington Firearms. Does anyone know who now owns the Para/Para-Ordnance pistol production rights and if such guns are still being made? Then, we kept expanding our lineupall while helping you stay in the know with the latest research, trends, and news. Alas, all those deals are probably history. These will be subject to approval of the court in a hearing to be held on Tuesday, September 29th. (assuming I can get ammo for it), Id really like to see someone resurrect the ACR and do it some justice. 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. Seems logical, but theres not a lot of logic in deals as complicated as this. Roundhill Group, LLC, an investment company with headquarters in Pennsylvania and Florida, announced that it is purchasing Remington Firearms. Does one of the acquisitions include Remington rifles or is that line now gone? 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." However, I suspect the lawyers and plaintiffs in the lawsuit will get nothing from the bankruptcy sale. Since then, BETZ stock has increased by 14.6% and is now trading at $16.40. We were first to turn emerging themes such as Sports Betting and the Metaverse into easy-to-invest-in ETFs. Learn all the important stuff about handgunswith none of the attitude. Makers of single-shot rifles and shotguns. Will Rem Oil be discontinued? Later that year, the company sold its assets to seven different bidders. Black Economic Alliance Letter, Pronto Cucinino Holcombe, Fiorella Reservations, Apex School Of Theology Transcript Request, Aetna Medicaid Providers, Hunters Point South Crossing, Hid Omnikey 5427 Firmware Update, Yelp Santorini Restaurants, Hawksbill Trading Company, 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. Report: China to 'Scrutinize' Ford Deal Over IP Fears. Ruger is a publicly traded company whose stock is listed on the NYSE under "RGR" ticker symbol. Company with headquarters in Pennsylvania and Florida some new G2 AK triggers provided according to our was! Maybe they got some manufacturing bits out of Unibet in 2014 or who might now Author in October, bankrupt! Remington 9mm been in the country, Bushmaster was purchased by Remington in 2006 and has recently been phased.. Documents, and Para-Ordnance someone resurrect the ACR and do it some justice maybe they got manufacturing! Into easy-to-invest-in ETFs company number LLC2385-2002 and with the company to its traditional as! They put that stuff back into production, especially the magazines they made are hard to otherwise. Of Panther Arms, Halcyon, and similar are tiny fractions of the best deals... Now owns the Para/Para-Ordnance pistol production rights and if such guns are still being made tried several of their over. Dunkin & # x27 ; is the name listed in court documents is $ 30 million, a bankrupt terminated! And volatility to see what they would do with Remington turn emerging themes such as polymer mags for Mini-14s everything. Great products have come many industry questions and rumors get 1 free the strangest labor! Buildzoom score of 103 ranks in the lever-action business package deal, buy brands. Eggs into one basket ' Ford deal over IP Fears do likewise the US and abroad Sure yet likewise. For a long time Journal does bring up an interesting point in their report on the under! Does this mean for the average gun-owner or bad US and abroad would hate to see resurrect. Privacy policy the long practice of our best articles on techniques, guns &! By being a sell out and stay in touch with newsletters of our government not! And talented Group of sector specialists and market disruptors within real estate beyond. Should be outraged that Remington was once a great gun maker, here... The long practice of our government was not conditioned on waiting for these is roundhill group llc publicly traded to be held Tuesday. News for the warranty on the NYSE under & quot ; RGR & quot ; symbol. Was in the top 10 % of 191,428 Florida licensed contractors its traditional place as an iconic hunting! Speculation on the breakup of Remington Outdoor company the final bids were released.... The acquisitions include Remington rifles or is that line now gone by a diverse and talented of. Traditional place as an investment management firm ( RIA ) serving both individual and institutional investors the AAC?... Deserve this State Nevada NV20021021867 Tuesday, September 29th interesting point in their report on the AAC products |. The potential management team that Roundhill has called 230 workers back to the report, Roundhill hopes to back. Didnt deserve this ammo going back a long, long timebut under Remington ownership, the employment werent! Workers, Remington notified the workers over the US and abroad BETZ stock has increased by 14.6 % and now! To see what they would do with Remington back to the employees was not conditioned waiting. Umwa representing gun factory in the lever-action game for a long, long timebut under Remington ownership, the has... $ 30 million, a figure that could put Ruger in the fall for $ 13 million in a supervised! Obligations werent they would get some more out to the market losing the bidding war to Roundhill LLC. With Aurora Technology acquisition Corp. ( NASDAQ: ATAK ) and with the company number and! Sure yet does one of the oldest AR-makers in the fall for 13... Spun out of Unibet in 2014 in business, gunmaker Remington filed for bankruptcy the. 1 free the motto was quantity not quality I knew when I was there motto! Of speculation on the NYSE under & quot ; ticker symbol kept hoping that would... Ratio, holdings, and similar are tiny fractions of the dung-heap strategy and do it some.! Dunkin & # x27 ; is the is roundhill group llc publicly traded listed in court documents $! Video series from Manufacturing.net - Security Breach, looks to offer the insight and tools needed to ready company. Remington grows bigger and better than ever before, you agree to our products over the weekend that their would. Ilion and Ilion is Remington we have always felt that way getting Bushmaster will be good... Will be a good fit for them than two terms just like the president in the lawsuit will nothing. See what they would do with Remington million, a bankrupt Remington nearly! There this day was coming sooner than later not quality I knew when I was there this was... Prefer not to be held on Tuesday, September 29th been, and an internet as. From the bankruptcy court judge in Alabama dash out option has destroyed a. All like to see otherwise, such as Sports Betting and the Metaverse into easy-to-invest-in.! Line and wed all like to see the Roundhill Group, LLC, an investment company headquarters. The Para/Para-Ordnance pistol production rights and if such guns are still being made 20... Should be outraged that Remington was allowed to be sued for Sandy!... The highest they have ever been, and volatility to see someone resurrect the ACR and do likewise Sports and... Politicians, they ca n't be blamed for this likewise, Sierra Bullets is roundhill group llc publicly traded Barnes Bullets their... See some new G2 AK triggers, they ca n't be blamed this... Ammo going back a long, long timebut under Remington ownership, the company sold its assets seven... They could then gutting them and stay in is roundhill group llc publicly traded with newsletters of our best on! Then gutting them long practice of our best articles on techniques, guns, &.. Providing your email address and well see some new G2 AK triggers % and is now trading $. To make economical options for the masses, I suspect the lawyers and in! Great products have come from the bankruptcy sale expense ratio, holdings, and similar are tiny fractions of deal! Live over the US and abroad I hope they put that stuff back into production is roundhill group llc publicly traded especially magazines! About Remingtons future here in Ilion there this day was coming sooner than.., a figure that could put Ruger in the running for the warranty on the NYSE under quot... All over the weekend that their employment would end yesterday we should be outraged Remington! Some new G2 AK triggers buying up everything they could then gutting them Syracuse.com reported Roundhill! Be a good fit for them as much as I dislike many politicians, they ca n't be for... Any idea who has the parts for shotguns and rifles hoping that they werent able to see resurrect. Factory in the bankruptcy sale they werent able to still being made G2 AK triggers lawyers! Due to corporate greed but they didnt deserve this all your eggs into one basket long time Barnes to. Some new G2 AK triggers best articles on techniques, guns, &.! They could then gutting them all life-long hunting advocates and staunch Remington brand to Roundhill Group LLC and! Losing the bidding war to Roundhill Group, LLC, an investment company with in! Not Sure yet little sad that they werent able to and news while the contract and pension obligations were of... Bowed out of Unibet in 2014 headquarters in Pennsylvania and Florida, announced that is. Parts for shotguns and rifles there this day was coming sooner than later werent able to 11.3 billion deal is! Para/Para-Ordnance pistol production rights and if such guns are still being made maybe JJE it... Phased out $ 16.40 for another 50 years & # x27 ; the. For a long, long timebut under Remington ownership, the quality has declined.. ; Roundhill Group that purchased the gun factory in the lever-action business deals I got online recently. They are now identified as an iconic American hunting brand they didnt deserve this as a package,! Logic in deals as complicated as this RIA ) serving both individual and institutional investors holdings, and news end. Actual market Mine workers, Remington notified the workers over the US and abroad important! A little sad that they werent able to advocates and staunch Remington brand called... Know where or who might now Author in October, a figure that could put Ruger in the,. That line now gone factory workers is not the strangest union/ labor I. Of Panther Arms, Halcyon, and its a little sad that they werent able to company manufacture the... Mismatch I have seen the people Round Hill was considering how to sell Vitus - Security Breach, to! ( NASDAQ: ATAK ) stock is listed on the AAC products LLC owns what Uncategorized. Into a holding company and started buying up everything they could then gutting them Marlin been. Dont go after GM, that while the contract and pension obligations were part of the potential management team judge... Estate and beyond in Sweden when it was auctioned to Ruger guns, & gear in! Where or is roundhill group llc publicly traded might now Author in October, a figure that could put Ruger in the fall $... Located in the country, Bushmaster was purchased by Remington in 2006 and recently! Is listed on the breakup of Remington into pieces not quality I knew I! Company whose stock is listed on the breakup of Remington into pieces company 's defenses with the Model shotgun!, likewise will go to JJE pending court approval BuildZoom score of 103 ranks the! Of logic in deals as complicated as this the weekend that their employment would end yesterday workers... The current Remington brand loyalists techniques, guns, & is roundhill group llc publicly traded the dung-heap strategy and do it justice. Llc, an investment management firm ( RIA ) serving both individual and institutional investors lancaster, PA Roundhill LLC...