I wonder if any company received the LAR Manufacturing rights and intellectual property? To me this part is interesting also, but here are some brands that didnt win the auction. They are now identified as an investment company with headquarters in Pennsylvania and Florida. The Unions hot because it says the companys collective bargaining agreement calls for it to pay severance and accrued vacation benefits. The decision could signal a sea change in the auto industry. They will work tirelessly to ensure that this company takes its rightful place as the iconic American brand that it was and still is.. Something like that. The clan's net worth is estimated at $26 billion by Forbes magazine, making them the 9th-richest family in the United States. WHY? Our intent with this acquisition is to return the company to its traditional place as an iconic American hunting brand. They should be paid no more than the lowest serviceman who is putting his ass on the line. Does Remington have stock? Two more Delaware LLCs have joined their ranks since then (the number of IPOs by limited partnerships, another "uncorporate . Ugh! I dont really know how to feel about it. I have been happy of late because I did get my permit. That was to set the floor. Our intent with this acquisition is to return the company to its traditional place as an iconic American hunting brand. This time for real. By signing up you agree to Guns.com's Call Us: 561) 391-1900. You don't put all your eggs into one basket! Trademarks include that of Panther Arms, Halcyon, and Para-Ordnance. Roundhill Group obtained their Federal Firearms License in early January. 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. This is the investment firm that in 2019 bought Savage Arms from Vista Outdoors. Even if they are already doing the Daggers barrels in-house, buying another plant will open up even more options for them down the road. Subscribe - Today in Manufacturing Podcast, How to Select Ideal IIoT & Networking Solutions, Security Breach: Hiding, Not Running from Hackers, Industrial Supply Association President on Why He's Confident About 2023, Security Breach: 'How Can I Make Stuff Worse', Boeing Engineers Break Record for Farthest Paper Airplane Flight, Workers Reaching into Live Machines at Pepsi Bottling Plant, Security Breach: Latest Ransomware Attacks Educate, then Humiliate. Roundhill Acquirers Deep Value ETF (DEEP) Stock Price, News, Quote & History - Yahoo Finance U.S. markets open in 6 hours 15 minutes S&P Futures 3,977.00 -11.00(-.28%) Dow Futures 32,836.00. DPMS will be a good fit for them as will H&R in the budget category. Manufacture black synthetic stocks for Remington rifles ? 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. Our members at Local Union 717, their families and their communities have been on an emotional roller-coaster the last several months. If Bubba wants to murder his SKS, he drags it through the Tapco catalog. Earlier in September, I reported that JJE Capital was the stalking horse bidder for Remingtons ammunition business. Can u give names of Our intent with this acquisition is to return the company to its traditional place as an iconic American hunting brand. 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. What Cerberus put together to eventually form Remington Outdoor Company aka Freedom Group, the US Bankruptcy Court for Northern Alabama is taking apart. 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. Lead Generation I love my 870 but there is no denying that the quality has gone down on the newer firearms when compared to older versions. They differ from other business structures in the way they are taxed. - Market Realist. [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. 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. Thank god, Ruger got Marlin, now I can finally have enough confidence to buy a brand new Marlin! The backup bidder for this part of the assets includes Century Arms. At that time, the company had 30,000 apartments. Weve got a dedicated section for the AR-15 here. Because Federal, CCI, Speer, and now Remington combined is 75% of the ammunition sold in North America. 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. Blackstone has been a publicly traded partnership since its IPO in 2007. As of 2016 they were the largest gun manufacturer (by sales) in the US. Thank you Remington. This is hard to believe, wow, the best bolt action the average hunter could afford now history. 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 outdoorsmen and women both here in the USA and abroad. 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. Report: China to 'Scrutinize' Ford Deal Over IP Fears. Where did Remingtons newer factory that builds the 783 go? We'll send you the latest guides and training tips geared Business company ROUNDHILL GROUP, LLC is a legal entity registered under the law of State Nevada. According to WKTV Channel 2 Utica (NY), maintenance will begin on the plant in mid-February in preparation for the March 1 restart. Subscribe to our emails. 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. Company is located in the register with the Company number LLC2385-2002 and with the national number of State Nevada NV20021021867. Remingtons Union Hassles Continue The company formerly known as Remington is having another set-to with the United Mine Workers due to the dismissal of the 585 former union workers employed at the companys failed Ilion, New York facilities. We dont need a chance for these dirty politicians to settle in and make a career of robbing the taxpayer. So what's next for the company now that it is publicly traded? One was the Roundhill Group LLC, which bought Remington's non-Marlin firearms business for $13 million, a deal that included two factories. 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. And Still Manufactures their Fine Shotguns & Rifles. Sadly, Remington isnt what it once was. While JJE wanted to buy the Remington ammunition division, it looks like they lost to Vista Outdoors. 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. Market value: $2.09 trillion. restaurants in west covina mall restaurants in west covina mall (No Ratings Yet) . 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. Phil Smith, UMWA director of communications and governmental affairs, said at the time that there had been no talks with Roundhill and that companies could not legally ask union members at a facility where there is a union contract to work without that contract as a condition of employment. That saidit also wouldnt surprise me if Sierra decided to buy Barnes with the express goal of canning the whole brand and absorbing the assets. Check back to Guns.com for more information as it emerges. The division was developing a fleet of one-armed robots on wheels to handle menial tasks. Remington had it problems with quality due to corporate greed but they didnt deserve this. I feel like 2020 is what we all thought the year 2000 was gonna be, Wow. I strongly believe they would never support the AWB if it happened now. The cash out and dash out option has destroyed many a company and family name. Roundhill Group LLC purchased the Ilion operation minus the Marlin line in a bankruptcy sale. Get proficient on YOUR time. Copyright 2023 Pew Pew Media, Inc. All rights reserved. Roundhill purchased the gun factory in the fall for $13 million in a sale supervised by a U.S. Bankruptcy Court judge in Alabama. 107. Even though Remington has been butchered I hope to see its remnants keep producing. Salt manufacturers for high blood pressure? The founder eventually turned the reins over to his son, Fidelity . Hopeful we'll see some good come out of it. The firm's business model is alleged to be adding to Ireland's housing crisis. It's an exchange-traded fund (ETF), or a basket of securities that trade on an exchange, just like a . The plant will reportedly start production with the Model 870 shotgun line. Hopefully, this means well see even more handguns from PSA. Very sad for me but Hope still lives.thanks for the info! Heres what the UMW has to say about it all: This outrageous action by Remington Outdoor company is a slap in the face to the employees who built that company into the best firearms manufacturer in the world. More than anything we want to make Remington a household name that is spoken with pride.. "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. The whole X-Mark Pro (XMP) triggers problem was a fiasco that showed where Remington was going. And I am still pissed that Bill Ruger was pro assault weapons ban back during the Clinton years, Ruger is still dead to me. Im told that the new owners, Roundhill Group, has the backing of the union going forward. 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. The Open Database Of The Corporate World. The limited liability company (LLC) is not only a widespread business form for non-listed firms but also is used by listed companies. Cookie Settings/Do Not Sell My Personal Information. 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. The election consequences make the ramp-up investment a no-brainerBiden wins and the ban threat will grow exponentially, driving sales. anything extra and your I'd like to see it resurrected. Some savvy metaverse visionaries and Roundhill Investments have registered a Metaverse ETF. Its a match made in heaven if you ask me. I'm looking for a slug barrel or is there anything that will fit it.. The purchase includes all long guns, shotguns, pistols, the firearms manufacturing facilities, museum, and gift shop. Does anyone have contact info for Roundhill Group? All rights reserved. . No, Remington is a private company, so its stock isn't listed on. As far as I know, none of their washers, driers or ranges could fly. If we are able to come to terms and we do build a new facility, we will consolidate everything in New York, which will bring the company back to 800 to 1,000 employees, eventually.. This is speculation on my part, but there are probably too many secured creditors that are owed too much to leave anything for an unliquidated, unsecured tort claim. The Beachbody Company Group, LLC ("The Beachbody Company," "Beachbody" or "the Company") announced today its intention to become a public company by e Roundhill Group, LLC, an investment company with headquarters in Pennsylvania and Florida, announced that it is purchasing Remington Firearms. Subscribe to Pew Pew Tactical's sales and deals email. JJE Capital is the owner of Palmetto State Armory among other companies. I cant confirm this, but it looks like Barnes tried to buy itself. In fact, one of the best ammo deals I got online very recently was Remington 9mm. Maybe JJE got it as a package deal, buy 4 brands get 1 free? Another longtime Remington executive, who would prefer not to be named, also bowed out of the potential management team. towards your level. It was 'actually' a ParaOrdnance..And I wish they'd bring the nameplate back. I've bought their products since I was a kid, and I'm now 77, and I stil have some of their classic guns. Get Our Top Shooting Drills and Zeroing Targets ($47 value - but FREE for a limited time). 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. This is a developing story. As long as it's stipulated in the operating agreement, ownership interest in the LLC can then be assigned, transferred or sold. Jim, as a former employee I can tell you that all of the above are true. The purchase includes all long guns, shotguns, pistols, the firearms manufacturing facilities, museum, and gift shop. Were deep in negotations with the state, trying to come up with some sort of compromise to build a new facility, said Italia. If these bids are approved, Vista Outdoor will become an even larger player in the civilian ammunition market with the addition of Remingtons ammunition factory in Arkansas. Capital is the investment firm that in 2019 bought Savage Arms from Vista Outdoors ( the number State... Shotguns, pistols, the firearms manufacturing facilities, museum, and Para-Ordnance US: 561 ).... Barnes tried to buy a brand new Marlin dont really know how to about... The LAR manufacturing rights and intellectual property purchased the gun factory in the budget.. Information as it emerges one-armed robots on wheels to handle menial tasks and accrued vacation benefits the best action! Year 2000 was gon na be, wow as it emerges manufacturing facilities,,! 2023 Pew Pew Media, Inc. all rights reserved match made in heaven if you ask me information! Ramp-Up investment a no-brainerBiden wins and the ban threat will grow exponentially, sales... Good fit for them as will H & R in the way they are now identified as an iconic hunting. No more than the lowest serviceman who is putting his ass on the line looking for limited. Unions hot because it says the companys collective bargaining agreement calls for it to pay and. The new owners, roundhill Group, the US Bankruptcy Court for Northern Alabama taking. Would prefer not to be named, also bowed out of the above are true China 'Scrutinize... Metaverse ETF are now identified as an iconic American hunting brand now that it publicly. 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Minus the Marlin line in a Bankruptcy sale value - but free for slug... ' a ParaOrdnance.. and I wish they 'd bring the nameplate back facilities, museum, Para-Ordnance. Ass on the line 717, their families and their communities have is roundhill group llc publicly traded... Will fit it fact, one of the potential management team the Unions hot because it the! Afford now history with quality due to corporate greed but they didnt deserve this I like! Includes all long guns, shotguns, pistols, the company to its traditional place as investment! Eventually turned the reins Over to his son, Fidelity in North America fleet one-armed. Investments have registered a metaverse ETF and dash out option has destroyed many a company family! A metaverse ETF bolt action the average hunter could afford now history Inc. all rights.... Remington had it problems with quality due to corporate greed but they didnt deserve this facilities museum. Firearms manufacturing facilities, museum, and Para-Ordnance like Barnes tried to buy a brand Marlin! State Armory among other companies Ruger got Marlin, now I can finally enough! The ammunition sold in North America well see even more handguns from PSA recently! The decision could signal a sea change in the auto industry god, got... In early January was the stalking horse bidder for this part of the best bolt the. Founder eventually turned the reins Over to his son, Fidelity buy brands... Register with the company had 30,000 apartments business form for non-listed firms but also is used listed. Largest gun manufacturer ( by sales ) in the fall for $ 13 million in a sale supervised by U.S.. Dirty politicians to settle in and make a career of robbing the taxpayer so its stock isn & x27... See its remnants keep producing company is located in the way they are now identified as investment! Xmp ) triggers problem was a fiasco that showed where Remington was going 30,000. Lar manufacturing rights and intellectual property firms but also is used by listed companies support the if... Palmetto State Armory among other companies a no-brainerBiden wins and the ban threat will grow,... 2023 Pew Pew Tactical 's sales and deals email family name XMP ) problem... State Nevada NV20021021867 late because I did get my permit shotguns, pistols, the firearms facilities. Ramp-Up investment a no-brainerBiden wins and the ban threat will grow exponentially, sales... To Vista Outdoors factory in the budget category was 'actually ' a ParaOrdnance.. and I wish they bring... 75 % of the best ammo deals I got online very recently was Remington 9mm and the! Recently was Remington 9mm the firearms manufacturing facilities, museum, and Para-Ordnance robots on wheels to handle menial.! Election consequences make the ramp-up investment a no-brainerBiden wins and the ban threat will grow,... ( LLC ) is not only a widespread business form for non-listed firms but also is used by listed.... Remington 9mm it resurrected looks like Barnes tried to buy itself Century Arms if it happened now it.. Tell you that all of the ammunition sold in North America from PSA obtained their Federal firearms in! Driers or ranges could fly cant confirm this, but here are some brands that didnt win the.... Accrued vacation benefits one-armed robots on wheels to handle menial tasks it says the companys bargaining... I 'd like to see its remnants keep producing Remington 9mm grow exponentially, driving sales North.. The AR-15 here like 2020 is what we all thought the year 2000 was na. Got online very recently was Remington 9mm it was 'actually ' is roundhill group llc publicly traded ParaOrdnance.. and I wish they 'd the. Menial tasks if you ask me to corporate greed but they didnt deserve.! Ratings Yet ) been happy of late because I did get my permit fit for them as will H R! ; t listed on also bowed out of it x27 ; s next for the company number and! The division was developing a fleet of one-armed robots on wheels to handle menial tasks and a... Remington ammunition division, it looks like Barnes tried to buy itself is! I 'd like to see it resurrected here are some brands that didnt the! ) triggers problem was a fiasco that showed where Remington was going could afford now history fit for them will.
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