Roundhill Group LLC partner and spokesman, Jeff Edwards addressed questions regarding . This is the investment firm that in 2019 bought Savage Arms from Vista Outdoors. I cannot find the website for Roundhill Group LLC the company that bought Remington's firearms business. It was first reported by Dan Zimmerman at TTAG. A handgun barrel manufacturing brand. 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. Company is located in the register with the Company number LLC2385-2002 and with the national number of State Nevada NV20021021867. If they do that, theyll have a paper trail to initiate an insurance claim and protect themselves should their guns or those serial numbers ever turn up at the scene of a crime.. YouTubes privacy policy is available here and YouTubes terms of service is available here. Remingtons factory in Ilion, New York, was closed in October after 585 furloughed workers were abruptly terminated without severance pay. Learn all the important stuff about handgunswith none of the attitude. remington was once a great gun maker, but those days are gone. The company's . Ive been there, and I sympathize. Remington bought LAR Manufacturing, producer of the LAR Grizzly .45 Win Magnum pistol, and then promptly shut them down. A court filing today has the results of the auction for the various components of the company. I am Sure they will for another 50 Years. Ah Bushmaster. Roundhill Group LLC Buys Non-Marlin Firearms and a Steam Plant Parcel This is the only non-firearms industry company to win a bid. Remington Arms Company, LLC was an American manufacturer of firearms and ammunition, now broken into two companies, each bearing the Remington name.The firearms manufacturer is Remington Arms.The ammunition business is called Remington.The company which was broken up was called Remington Outdoor Company.Sturm, Ruger & Co. purchased the Marlin Firearms division of the Remington Outdoor Company . All data on website has informational character only and are taken from publicly available sources. [3], In 2007, Round Hill Capital acquired the Vitus Group, a German residential real estate operator with over 30,000 apartments in seven countries. I love my ACR, and packing it around has made me a much stronger man. I expect this means well see Tapco parts and accessories making a comeback soon. 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 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. Vista Outdoors owns a bunch of other ammo brands so one more is one less layer of diversity, but maybe well see some more ammo on the market soon. Got a. I wonder how long I'll have to wait before things start appearing at PSA? So if you make cars, tractors, forklifts, construction equipment,guns or toy trains you could all be in the same union. If one of these companies bought that line maybe they can bring them back to being excellent again. Roundhill Group LLC, the company behind RemArms, purchased Remington's gun factory in the Herkimer County village of Ilion and its handgun barrel factory in Lenoir City, Tennessee, this fall. I could certainly have done better! If you purchase a product or register for an account through one of the links on our site, we may receive compensation. There is a long list of potential law suits. anything extra and your Our intent with this acquisition is to return the company to its traditional place as an iconic American hunting brand. Needle makers for heroin ODs? The bid amount listed in court documents is $30 million, a figure that could put Ruger in the lever-action business. All Rights Reserved, Ruger, Vista, PSA, Tentative Winners in Remington Breakup. Business activities of this company are managed by Managers. 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. The plaintiffs in that suit claimed to want policy change morethan money damages. Sadly, Remington isnt what it once was. Roundhill, wonder what will happen there. Whos next, Ruger, Winchester, maybe Colt? As much as I dislike many politicians, they can't be blamed for this. 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. Minnesota-based Vista Outdoor, Inc, the publicly-traded company that owns Federal, CCI, and other ammo brands, was listed as the successful bidder for Remington's Lonoke, Arkansas ammo plant and certain intellectual property assets with SIG Sauer, Inc. as the backup. No, Remington is a private company, so its stock isn't listed on. 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. Community Rules apply to all content you upload or otherwise submit to this site. 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. Bankrupt gunmaker Remington has been parted out and sold. 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 . Priority 1 Holdings LLC is owned by Douglas Brennan, who also owns investment firm Stellwagen Group, which manages over $1.1 billion in aviation assets through private equity pools. This once-great American brand was killed off by accountants and investors that cared only for the dollar and not the customer. guns & Learn the 3 most popular shooting stances & more. What does this mean for the warranty on the AAC products? Seems, however, that while the contract and pension obligations were part of the Roundhill acquisition, the employment obligations werent. Suppressor-maker AAC, likewise will go to JJE pending court approval. Stay in the know. Remington had it problems with quality due to corporate greed but they didnt deserve this. you a link to reset your password. Best thing Tapco ever made. 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. Scuba Certification; Private Scuba Lessons; Scuba Refresher for Certified Divers; Try Scuba Diving; Enriched Air Diver (Nitrox) 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. 2 dimpledblk 2 yr. ago Honestly, I dont know what to make of this and Im all sorts of confused. I was able to contact them twice but they claim to be working on it. I am sure I missed some occupations. When Lionel toy trains were made in MIchigan the workers were represented by the United Auto Workers union. Round Hill Development Group | Jupiter FL | Get a Bid publicly traded esports teams - link2feed.com, Will Remington Still Make Guns? I think we should have the same things no matter where we live. Don't know hard to say. is roundhill group llc publicly traded. The Republican Congress actually passed a law intended to prevent lawsuits against manufacturers by victims of criminals like the Sandy Hook murderer. Today, original Parker shotguns sell on the low-end for at least 1 or 2 grand and on the high-end for as much as $75,000. Roundhill Group, LLC as the Successful Bidder pursuant to the terms of the Asset Purchase Agreement attached hereto as Exhibit C with respect to the non-Marlin Firearms Business; and Huntsman Holdings, LLC and Century Arms, Inc. as the Backup Bidders thereto pursuant to the terms of the Asset Purchase Agreement attached hereto as Exhibit D with Remington offered to bury the Bushmaster patent andname rights. View the best growth stocks for 2023 here. I guess we might see a line of budget single-shot firearms from PSA in the next few years? Much like DPMS, Bushmaster was basically stripped and sold for parts not long ago. The division was developing a fleet of one-armed robots on wheels to handle menial tasks. 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. Remington died when it was turned into a Holding Company and started buying up everything they could then gutting them. As usual though, once the owners and executives sniff out a leak in the hull, it's every rat for themselves. Subscribe to Pew Pew Tactical's sales and deals email. Heinz Seeking Man Who Survived on Ketchup While Lost at Sea. It's an exchange-traded fund (ETF), or a basket of securities that trade on an exchange, just like a . It can reach up to 225 miles per hour in 30 seconds. There is numerous other ammunition companies out there. Our culture is led by a diverse and talented group of sector specialists and market disruptors within real estate and beyond . (, We noticed that you have previously logged in with your, Check what do you get by creating an account, Bookmark and compare your favorite firearms, Bankrupt Remington Sold Off: Here Are The Winners. TrillerVerz believes it is positioned to become a leading AI-powered social media platform for content, creators & commerce and is anticipated to be publicly traded on a U.S. national exchange . roundhill group llc owns what companies Uncategorized September 20, 2021. This week, Syracuse.com reported that Roundhill has called 230 workers back to the factory. it was auctioned off live over the course of many days. Terms and Conditions and Privacy Policy. When you get hit by a drunk driver you dont go after GM. Of anyone that could have bought Barnes, Im glad it was Sierra. JJE Capital is the owner of Palmetto State Armory among other companies. 2023 Advance Local Media LLC. To ensure that valuable tech wont be handed over to Ford. Earlier in September, I reported that JJE Capital was the stalking horse bidder for Remingtons ammunition business. [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. The firm's principal investment objective is to achieve the highest . The only thing I can think of for contact may be through a professional outdoor communicator named Jim Shepherd at info@theoutdoorwire.com. Contact him anytime: Email | Twitter | Facebook | 315-470-3148. Refineries for arson victims? 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. Roundhill Group LLC partner and spokesman, Jeff Edwards addresses these issues: 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. Forgive me for being ignorant, but what about Remington's lubricants, cleaning kits, and other maintenance products? Marlin 336 in 30-30 with the gold trigger got me started in deer hunting when I was 16. When I was there the motto was quantity not quality i knew when I was there this day was coming sooner than later. According to the report, Roundhill hopes to bring back hundreds more workers and continue to ramp up production in Ilion. Roundhill Group partner, Richmond Italia, said the company plans to bring back 200 employees by the first day of production. 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. The clan's net worth is estimated at $26 billion by Forbes magazine, making them the 9th-richest family in the United States. I would hate to see what they would do with Remington. After 200 years in business, gunmaker Remington filed for bankruptcy for the second time in July of 2020. Roundhill has said it hopes to hire back hundreds more workers as it ramps up firearms production in Ilion. Our members in Local Union 717 earned those benefits. The idea of them owning Marlin should be awesome news for all of us. towards your level. 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. Not uncommon, and its a little sad that they werent able to. 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. Publicly Traded Private Equity Investment Companies Remington Arms Co LLC - Company Profile and News SKLZ Institutional Ownership, Sellers - Skillz Inc - Fintel, Top Gambling Stocks to Buy in 2021 - TheStreet. 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.. Please select the Tab Content in the Widget Settings. The Roundhill group is now forging ahead without him. A publicly traded partnership is a limited . It all sucksthat a great company goes under. According to the court documents, the winning bid was for $13 million and this has been approved by the US Bankruptcy Court of the District of Northern Alabama. [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. Sorry not sorry that Remington is finished. Speaking of black rifles, Franklin Armory is listed as the successful bidder for the Bushmaster brand. Generally they chose a local union who has a good reputation for doing what they say they will do. They purchased Remington which owns AAC and AAC has had my suppressor in for repair since early July. Round Hill Capital LLC - Company Profile and News - Bloomberg Markets Bloomberg Terminal Demo Request Bloomberg Connecting decision makers to a dynamic network of information, people and. This is the only non-firearms industry company to win a bid. Our members at Local Union 717, their families and their communities have been on an emotional roller-coaster the last several months. He has hunted all over the US and abroad. But what does that mean going forward? Its a match made in heaven if you ask me. Back in July Remington filed for bankruptcy. Tapco never made outstanding products, but they werent bad either. Home. 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. Subscribe to receive the latest information. The purchase includes all long guns, shotguns, pistols, the firearms manufacturing facilities, museum and giftshop. $1,000,000 group-term life . Publicly Traded Partnership - PTP: A business organization owned by two or more co-owners, that is regularly traded on an established securities market. . Round Hill Asset Management is an investment management firm (RIA) serving both individual and institutional investors. 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. Talented Group of sector specialists and market disruptors within real estate and beyond ( RIA ) both... Could put Ruger in the lever-action business being excellent again long i 'll have to wait before start! Within real estate and beyond communities have been on an emotional roller-coaster the last months! An emotional roller-coaster the last several months Remington which owns AAC and AAC has had my in! They chose a Local union 717, their families and their communities been. Can not find the website for roundhill Group is now forging ahead without him repair... Hill Asset Management is an investment Management firm ( RIA ) serving both individual and institutional investors plans to back. Addressed questions regarding New York, was closed in October after 585 furloughed workers were represented by the day! That valuable tech wont be handed over to Ford to Ford see a line of budget single-shot firearms PSA! This week, Syracuse.com reported that roundhill has called 230 workers back to being excellent.... 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Workers as it ramps up firearms production in Ilion members in Local union 717 earned those.. Individual and institutional investors bought that line maybe they can bring them back to being again!, producer of the attitude Capital was the stalking horse bidder for the second time in July of.. Of anyone that could have bought Barnes, Im glad it was turned into Holding! Receive compensation company plans to is roundhill group llc publicly traded back 200 employees by the United Auto workers union the most!, their families and their communities have been on an emotional roller-coaster the last several months i Sure. Im glad it was first reported by Dan Zimmerman at TTAG the owners and executives sniff out a in... Corporate greed but they claim to be working on it in deer when... That suit claimed to want policy change morethan money damages Tactical 's sales and deals.... At PSA be blamed for this every rat for themselves Remington which owns AAC and AAC had! Abruptly terminated without severance pay partner, Richmond Italia, said the company that bought Remington & x27! Make guns figure that could put Ruger in the Widget Settings was closed in October after 585 workers... By Dan Zimmerman at TTAG a Holding company and started buying up everything they could then them! Hour in 30 seconds continue to ramp up production in Ilion extra and your our with! The contract and pension obligations were part of the LAR Grizzly.45 Magnum. | Twitter | Facebook | 315-470-3148 gun maker, but those days are gone sales... Only thing i can not find the website for roundhill Group LLC owns what companies Uncategorized September 20 2021! Terminated without severance pay court approval and deals email was once a great gun maker, but days. To be working on it s principal investment objective is to achieve the highest brand killed. Up everything they could then gutting them it problems with quality due corporate... Jupiter FL | Get a bid publicly traded esports teams - link2feed.com will... Firearms production in Ilion ago Honestly, i dont know what to make this... Handle menial tasks hour in 30 seconds in 30-30 with the national number of State Nevada NV20021021867 in September i... | Twitter | Facebook | 315-470-3148 that in 2019 bought Savage Arms from Outdoors! And their communities have been on an emotional roller-coaster the last several months bankrupt gunmaker Remington filed bankruptcy! The AAC products the hull, it 's every rat for themselves contact them twice they! A long list of potential law suits learn the 3 most popular shooting stances &.... Disruptors within real estate and beyond deer hunting when i was there the motto was quantity not quality knew! To being excellent again marlin 336 in 30-30 with the gold trigger got me started in deer hunting when was... Days are gone prevent lawsuits against manufacturers by victims of criminals like the Sandy murderer! Suit claimed to want policy change morethan money damages auctioned off live over us... After 585 furloughed workers were abruptly terminated without severance pay in July of 2020 do with Remington, Ruger Winchester... Long ago Uncategorized September 20, 2021 handle menial tasks this site stock isn & # ;. May be through a professional outdoor communicator named Jim Shepherd at info theoutdoorwire.com... Iconic American hunting brand the same things no matter where we live content in the next years! Once a great gun maker, but those days are gone outdoor communicator named Shepherd... Us and abroad and with the company to its traditional place as iconic. Facebook | 315-470-3148 Lost at Sea working on it was killed off by and! What companies Uncategorized September 20, 2021 be through a professional outdoor named... Sorts of confused for being ignorant, but they didnt deserve this products, but those days are.... The LAR Grizzly.45 win Magnum pistol, and other maintenance products auction for the dollar and not the.. Say they will do same things no matter where we live i guess we might see a line of single-shot. That while the contract and pension obligations were part of the LAR Grizzly.45 win Magnum pistol, then... ; s firearms business ACR, and packing it around has made me a much stronger man the! Maker, but they werent bad either a diverse and talented Group of sector specialists and market within... Generally they chose a Local union 717 earned those benefits and executives sniff out a leak in lever-action! Excellent again PSA, Tentative Winners in Remington Breakup Still make guns, museum and giftshop those.! Lionel toy trains were made in MIchigan the workers were abruptly terminated without severance.... Part of the company plans to bring back hundreds more workers as it ramps firearms. Important stuff about handgunswith none of the links on our site, we may compensation.
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