"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. What happens now with the Connecticut lawsuit? Now with the reassuring remarks of the new ownership. So long Remington. Roundhill Group partner, Richmond Italia, said the company plans to bring back 200 employees by the first day of production. Lax LLC purchased only one asset during the current year (a full 12-month tax year). They differ from other business structures in the way they are taxed. Missouri-based Sierra Bullets is the successful bidder for Barnes Ammunitions Business with Barnes Acquisition LLC as a backup bidder. Finally, Sportsmans Warehouse is getting Tapco. A story in the Utica Times-Telegram indicates that they may have some negotiating to do with United Mine Workers of America Local 717 which represents the workers at the Ilion plant. Inspire Brands, a holding company backed by the Roark Capital Group, a private equity firm, is purchasing Dunkin . We'll only use the information provided according to our privacy policy. You can follow any responses to this entry through the RSS 2.0 feed. Alas, all those deals are probably history. Blackstone has been a publicly traded partnership since its IPO in 2007. I think we should have the same things no matter where we live. 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. 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. Reading up about them, Im surprised they even entered this cat fight. I think you should have spoken Para's name, even if it did die nearly a decade ago.with the assets being asorbed. Later that year, the company sold its assets to seven different bidders. They are now identified as an investment company with headquarters in Pennsylvania and Florida. Check back to Guns.com for more information as it emerges. Forgive me for being ignorant, but what about Remington's lubricants, cleaning kits, and other maintenance products? 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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. Roundhill purchased the gun factory in the fall for $13 million in a sale supervised by a U.S. Bankruptcy Court judge in Alabama. 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. This week, Syracuse.com reported that Roundhill has called 230 workers back to the factory. Dunkin' is being acquired in an $11.3 billion deal. Agreed about Bill Ruger. These brands names mean almost nothing anymore. It took 8 years for them to admit the problem then took court to get them to take responsibility. I kept hoping that they would get some more out to the market. Kambi's client list, which used to include DraftKings prior to the merger with SBTech, includes Penn National ahead of the expected roll-out Barstool Sports sports betting roll-out. Then go home with no benefits or pension. All data on website has informational character only and are taken from publicly available sources. The bid includes Barnes' Mona, Utah location. gear. Get proficient on YOUR time. Lancaster, PA Roundhill Group, LLC, an investment company with headquarters in Pennsylvania and Florida announced that it is purchasing Remington Firearms. Ford Vehicles Could Soon Repossess Themselves. The Roundhill Group LLC bought the gunmaking division with the exception of the Marlin. The purchase includes all long guns, shotguns, pistols, the firearms manufacturing facilities, museum, and gift shop. It wont be long. Publicly Traded LLCs LLCs can issue ownership to multiple LLC members. More than anything we want to make Remington a household name that is spoken with pride.. Remington Arms Company, LLC manufactures small firearm products and parts. The persons responsible for business activities are SCOTT SOURA with the seat at 112 N CURRY ST, CARSON CITY, 89703-4934, NV as Manager , SCOTT SOURA with the seat at 112 N CURRY ST, CARSON CITY, 89703-4934, NV as Manager . Jim, as a former employee I can tell you that all of the above are true. He has hunted all over the US and abroad. We were first to turn emerging themes such as Sports Betting and the Metaverse into easy-to-invest-in ETFs. Roundhill Group, LLC, an investment company with headquarters in Pennsylvania and Florida, announced that it is purchasing Remington Firearms. as the Successful Bidder pursuant to the terms of the Asset Purchase Agreement attached hereto as Exhibit F with respect to the Barnes Ammunitions Business; and Barnes Acquisition LLC as the Backup Bidder thereto pursuant to the terms of the Asset Purchase Agreement attached hereto as Exhibit G with respect to the Barnes Ammunitions Business; Sturm, Ruger & Company, Inc. as the Successful Bidder pursuant to the terms of the Asset Purchase Agreement attached hereto as Exhibit H with respect to the Marlin Firearms Business; and Long Range Acquisition LLC as the Backup Bidder thereto pursuant to the terms of the Asset Purchase Agreement attached hereto as Exhibit I with respect to the Marlin Firearms Business; JJE Capital Holdings, LLC as the Successful Bidder with respect to the DPMS, H&R, Stormlake, AAC, and Parker brands; Franklin Armory Holdings, Inc., or its designated assignee, as the Successful Bidder with respect to the Bushmaster brand and certain related assets; and Sportsmans Warehouse, Inc. as the Successful Bidder with respect to the Tapco brand. DIH to Become Publicly Traded via Business Combination with Aurora Technology Acquisition Corp. (NASDAQ: ATAK). As far as I know, none of their washers, driers or ranges could fly. Bought a 1100 back in the late 60s. Another publicly-tradedcompany, firearms giant Ruger, is the high bidder for Marlin Firearms, which Remington had purchased along with the H&R and New England Firearms brands in 2007. Learn the 3 most popular shooting stances & more. 2 dimpledblk 2 yr. ago Notify me of follow-up comments by email. Would be cool to see them brought back up to the level of quality they used to be. I like this buy, personally. They are all life-long hunting advocates and staunch Remington brand loyalists. The story indicates a bit of unease in Ilion, NY where the Remington factory is the largest employer in Herkimer County. As Americans we should be outraged that Remington was allowed to be sued for Sandy Hook! Roundhill has said it hopes to hire back hundreds more workers as it ramps up firearms production in Ilion. This seems like a strange buy for the firm, but from the sound of it, they plan on keeping the plants opengreat news for the employees. I need my latching system replaced on my can, but I haven't been able to reach anyone. According to WKTV Channel 2 Utica (NY), maintenance will begin on the plant in mid-February in preparation for the March 1 restart. 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. The name's Roundhill. The winners are, pending final court approval but I would be shocked if there were any take-backs: So thats a nice listbut we need to take a closer look at each one to really get an idea of what it means. Perhaps evolving for the better. 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. 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. DPMS will be a good fit for them as will H&R in the budget category. The mission of san diego zoo global is to save species worldwide by uniting expertise in animal care and conservation science with dedication to inspiring . It's not a group of accountants and money pushers, Edwards said, but people within the hunting industry and people who are passionate about the hunting industry. Absolutely ridiculous trying to get any information Im sure as you have calling the bankruptcy line they have no answers. Type your new password and hit button below to confirm it. Does anyone have contact info for Roundhill Group? towards your level. Losing the bidding war to Roundhill Group, Century Arms was in the running for the non-Marlin firearm business part of the deal. We dont need a chance for these dirty politicians to settle in and make a career of robbing the taxpayer. Ugh! The company also purchased the Remington barrel-making. 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. One was the Roundhill Group LLC, which bought Remington's non-Marlin firearms business for $13 million, a deal that included two factories. [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. Roundhill Group, LLC a Virginia private equity firm, was listed as the successful bidder to the non-Marlin firearms business with Huntsman Holdings, LLC, and Century Arms, Inc. as the. As usual though, once the owners and executives sniff out a leak in the hull, it's every rat for themselves. Company is located in the register with the Company number LLC2385-2002 and with the national number of State Nevada NV20021021867. I wonder what will happen with their stable of shooters. The purchase includes all long guns, shotguns, pistols, the firearms manufacturing facilities, museum, and gift shop. The whole X-Mark Pro (XMP) triggers problem was a fiasco that showed where Remington was going. See where Marlin, DPMS, Bushmaster, Tapco, and more ended up. He said the offer to the employees was not conditioned on waiting for these negotiations to be complete. 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.. As long as it's stipulated in the operating agreement, ownership interest in the LLC can then be assigned, transferred or sold. Ruger is a publicly traded company whose stock is listed on the NYSE under "RGR" ticker symbol. Roundhill Group, LLC, an investment company with headquarters in Pennsylvania and Florida, announced that it is purchasing Remington Firearms. Outdoor commentary and legislative issues. is roundhill group llc publicly traded. The long practice of our government was not to have one company manufacture all the weapons and ammo going back a long time. Hopeful we'll see some good come out of it. Refineries for arson victims? - Market Realist. From what I can tell, they are almost exactly what they say they area firm that invests in real estate. Round Hill Development Group I Construction. This is a huge deal that needs to be dealt with head on. We'll send you the latest guides and training tips geared VIDEO 04:14 Blackstone CEO Steve. Plaintiffs declined. Rick Moriarty covers business news and consumer issues. You don't put all your eggs into one basket! C corporations are the most common type of . 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. We invest primarily in publicly traded stocks of U.S. and multinational companies. I am curious to see how things play out. Maybe JJE got it as a package deal, buy 4 brands get 1 free? We need to research and remember the politicians involved that got that lawsuit pushed through and vote them out. And now we can add Remington Ammo to that list. These will be subject to approval of the court in a hearing to be held on Tuesday, September 29th. There is numerous other ammunition companies out there. The 10/22, the Ruger Precision Rifle, and recently the Wangler are all amazing products brought to us by Ruger. The Company designs, produces, and sells firearms and ammunition products for the hunting and shooting sports markets, as . The cash out and dash out option has destroyed many a company and family name. 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." This entry was posted on Monday, September 28th, 2020 at 13:00 and is filed under Industry. The only thing I can think of for contact may be through a professional outdoor communicator named Jim Shepherd at info@theoutdoorwire.com. Upon closing of the transaction, IonQ shares will trade on the NYSE under the symbol "IONQ" as the first publicly traded pure-play . Thank You Ron Schoonmaker ( Village Trustee ). Does Remington have stock? Round Hill Development Group | Jupiter FL | Get a Bid publicly traded esports teams - link2feed.com, Will Remington Still Make Guns? 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. But the old, failed Remington had one more kick in the pants for our members. I feel like 2020 is what we all thought the year 2000 was gonna be, Wow. . With this acquisition have come many industry questions and rumors. Marlin to Ruger is a good move, they are great with legacy products/IP. Some reports had them as a property management company in Virginia which just didnt quite fit. If one of these companies bought that line maybe they can bring them back to being excellent again. Find the latest stock market trends and activity today. All rights reserved (About Us). The bid is for the gun factory in Ilion, New York, handgun barrel factory in Lenoir, Tennessee, and related other properties. Tried several of their products over the years and came to dislike them almost immediately. 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. Phil Smith, director of communications and governmental affairs for the United Mine Workers of America, said 120 hourly workers are among those who have been called back to work. If you dont know who Vista Outdoors is, they are the guys that own almost everything. However, federal and state laws stipulate that interest in an LLC can't be publicly traded. They will work tirelessly to ensure that this company takes its rightful place as the iconic American brand that it was and still is. Because Federal, CCI, Speer, and now Remington combined is 75% of the ammunition sold in North America. Well then, there you go. Need Help?service@guns.comCall (866)582-4867, PO Box 1131 13800 Nicollet Blvd Burnsville, MN 55337 2023Guns.com. 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