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. This once-great American brand was killed off by accountants and investors that cared only for the dollar and not the customer. We are all with you sir. Roundhill Group Acquires Remington. The final bids were released today. 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 . 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. Bill Ruger has been dead for 20 years, and Ruger is now run by pro-gun owners. Generally they chose a local union who has a good reputation for doing what they say they will do. I'm looking for a slug barrel or is there anything that will fit it.. I love my ACR, and packing it around has made me a much stronger man. 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. I am Sure they will for another 50 Years. Got a. 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 . The Roundhill group is now forging ahead without him. The purchase includes all long guns, shotguns, pistols, the firearms manufacturing facilities, museum and giftshop. I hope as time passes Remington grows bigger and better than ever before. Remington bought LAR Manufacturing, producer of the LAR Grizzly .45 Win Magnum pistol, and then promptly shut them down. So what's next for the company now that it is publicly traded? What does this mean for the warranty on the AAC products? Ford Vehicles Could Soon Repossess Themselves. The backup bidder for this part of the assets includes Century Arms. Later that year, the company sold its assets to seven different bidders. Refineries for arson victims? The problem is that intellectually corrupt leftist judges invented out of whole cloth a tortured rationale to allow the suit to proceed in spite of the law. Business company ROUNDHILL GROUP, LLC is a legal entity registered under the law of State Nevada. I wonder if any company received the LAR Manufacturing rights and intellectual property? 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. 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. 107. Honestly, I dont know what to make of this and Im all sorts of confused. Now the precedent has been set. Nonetheless, they will be getting the non-Marlin firearms business which would include Remington itself and presumably Dakota Arms. Use of and/or registration on any portion of this site constitutes acceptance of our User Agreement, Privacy Policy and Cookie Statement, and Your Privacy Choices and Rights (each updated 1/26/2023). From the Notice filed with the Bankruptcy Court today: Vista Outdoor, Inc. as the Successful Bidder pursuant to the terms of the Asset Purchase Agreement attached hereto as Exhibit A with respect to the Lonoke Ammunitions Business and certain IP assets; and SIG Sauer, Inc. as the Backup Bidder thereto pursuant to the terms of the Asset Purchase Agreement attached hereto as Exhibit B with respect to the Lonoke Ammunitions Business; 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 respect to certain Firearms Business IP assets and Exhibit E with respect to certain non-Marlin Firearms Business inventory, respectively; Sierra Bullets, L.L.C. 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. 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. He has held positions with leading outdoor companies such as GunBroker.com, Hoyt Archery, Defiance Machine and others. Stay up-to-date on today's vital cybersecurity topics by subscribing here. The limited liability company (LLC) is not only a widespread business form for non-listed firms but also is used by listed companies. The unions decidedly not happy. And Still Manufactures their Fine Shotguns & Rifles. Their BuildZoom score of 103 ranks in the top 10% of 191,428 Florida licensed contractors. Maybe JJE got it as a package deal, buy 4 brands get 1 free? Is this good? More than anything we want to make Remington a household name that is spoken with pride.. Let's hope some of the companies that purchased parts of the company are going to restore the Remington name, and not just continue the process of bleeding the name dry for profits. Learn the 3 most popular shooting stances & more. Hopefully the winners will bring back some of the brands that have fallen by the way side, especially the H&R long guns. Italia says the company is working with the state to increase jobs at the Ilion facility. This week, Syracuse.com reported that Roundhill has called 230 workers back to the factory. 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. Dangerous Processor Shut Down; Boeing 747 Junked; Lightning Battery Fire | Today in Manufacturing Ep. Roundhill Group, LLC, an investment company with headquarters in Pennsylvania and Florida announced that it is purchasing Remington Firearms. Since then, BETZ stock has increased by 14.6% and is now trading at $16.40. However, I suspect the lawyers and plaintiffs in the lawsuit will get nothing from the bankruptcy sale. Roundhill Sports Betting & iGaming ETF's stock was trading at $14.31 at the beginning of the year. Roundhill Group LLC purchased the Ilion operation minus the Marlin line in a bankruptcy sale. With this acquisition have come many industry questions and rumors. Upon closing of the transaction, IonQ shares will trade on the NYSE under the symbol "IONQ" as the first publicly traded pure-play . 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. One was the Roundhill Group LLC, which bought Remingtons non-Marlin firearms business for $13 million, a deal that included two factories. 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. Only time will tell. Im not sure of their intention for Parker which makes the reproduction Parker shotguns nor what they plan to do with suppressor maker AAC or barrel maker Stormlake. 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. Lets take a look at who got what piece of the carcass and see if we cant draw some conclusions. The price was well below the scarcity-highs that are currently typical. List of All ETFs - Exchange Traded Funds | ETF Database. Report: China to 'Scrutinize' Ford Deal Over IP Fears. Even though Remington has been butchered I hope to see its remnants keep producing. The whole X-Mark Pro (XMP) triggers problem was a fiasco that showed where Remington was going. Thanks! The future of Remington guns has been uncertain since the company was split up and sold off last fall. Home; About Us; Cases. 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. It all sucksthat a great company goes under. Roundhill Group, LLC is a property management group out of Virginia according to a story out of New York. In October, a bankrupt Remington terminated nearly 600 workers at the plant. 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? Still have it. By providing your email, you agree to our. C corporations are the most common type of . I have fired 100s if not thousands of rounds through it and never, never a misfire. We are now working with the new company to get the plant reopened and start putting our members back to work. 2 dimpledblk 2 yr. ago A Norge/Magic Chef/Maytag/Whirlpool (They may have closed before Whirlpool bought Maytag, I'm not sure)plant in my area was represented by an aerospace workers union. They are all life-long hunting advocates and staunch Remington brand loyalists. Ah Bushmaster. The purchase includes all long guns, shotguns, pistols, the firearms manufacturing facilities, museum, and gift shop. 2023 Industrial Media, LLC. At the end of trading Endeavor Group Holdings (EDR) sat at $25.20 USD per share, selling 21.3 million shares to raise $511 million USD with a valuation of more than $10 billion USD. Need Help?service@guns.comCall (866)582-4867, PO Box 1131 13800 Nicollet Blvd Burnsville, MN 55337 2023Guns.com. Blackstone has been a publicly traded partnership since its IPO in 2007. I think the whole thing sucks, totally. Thank you. Select what level shooter you are! "Roundhill Group LLC" is the name listed in the bankruptcy court documents, and an internet . For compensation plans adopted by a company in 2019, when a publicly traded CEO's salary exceeds $1,000,000, the employee _____ taxed on the entire amount, and the employer _____ allowed a deduction on the entire amount. Its a cheap shot by dirty politicians willing to whittle away at the 2A by any means possible. 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. Vote all the bums out of Washington. They will work tirelessly to ensure that this company takes its rightful place as the iconic American brand that it was and still is.. 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. The division was developing a fleet of one-armed robots on wheels to handle menial tasks. Needle makers for heroin ODs? Its a match made in heaven if you ask me. Got a tip, comment or story idea? The bid amount listed in court documents is $30 million, a figure that could put Ruger in the lever-action business. With their ability to make economical options for the masses, I think this could be very beneficial to the people. 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. In fact, one of the best ammo deals I got online very recently was Remington 9mm. I think you should have spoken Para's name, even if it did die nearly a decade ago.with the assets being asorbed. This is the only non-firearms industry company to win a bid. We dont need a chance for these dirty politicians to settle in and make a career of robbing the taxpayer. Roundhill Group partner, Richmond Italia, said the company plans to bring back 200 employees by the first day of production. I strongly believe they would never support the AWB if it happened now. i'm very interested to see what comes of the Remington 870. 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. Round Hill Capital LLC (RHC) is a fully integrated real estate investment and management company founded in Delaware, United States of America. Does anyone know who now owns the Para/Para-Ordnance pistol production rights and if such guns are still being made? *** JJE Capital Holdings, LLC owns Palmetto State Armory. Speaking of black rifles, Franklin Armory is listed as the successful bidder for the Bushmaster brand. I think we should have the same things no matter where we live. Hopeful we'll see some good come out of it. 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. 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. Any company received the LAR Manufacturing, producer of the assets being asorbed, Syracuse.com reported Roundhill! 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