Both comments and pings are currently closed. 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. if you want to hunt use the marlin rifle, if you want a display rifle get the winchester. Like both brands but Ruger is my company. With this acquisition have come many industry questions and rumors. Company is located in the register with the Company number LLC2385-2002 and with the national number of State Nevada NV20021021867. Trademarks include that of Panther Arms, Halcyon, and Para-Ordnance. I am in the same boat as I sent my suppressor to them on 4/24/20 which they received on 4/30/20. The Open Database Of The Corporate World. The bid amount listed in court documents is $30 million, a figure that could put Ruger in the lever-action business. As much as we might not like it, Remington has been in the gutter for years. Sorry not sorry that Remington is finished. This is hard to believe, wow, the best bolt action the average hunter could afford now history. Jun 30, 2021, 09:00 ET NEW YORK, June 30, 2021 /PRNewswire/ -- Roundhill Investments ("Roundhill"), a registered investment advisor and ETF sponsor focused on developing innovative financial. With this acquisition have come many industry questions and rumors. Google Shuts Down Its Trash-Sorting Robot Division. 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. It took 8 years for them to admit the problem then took court to get them to take responsibility. Because Federal, CCI, Speer, and now Remington combined is 75% of the ammunition sold in North America. 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. In October, a bankrupt Remington terminated nearly 600 workers at the plant. Business activities of this company are managed by Managers. You can follow any responses to this entry through the RSS 2.0 feed. Ford Vehicles Could Soon Repossess Themselves. The Roundhill Group LLC bought the gunmaking division with the exception of the Marlin line, which was auctioned to Ruger. This is the only non-firearms industry company to win a bid. Its a match made in heaven if you ask me. When you get hit by a drunk driver you dont go after GM. *** JJE Capital Holdings, LLC owns Palmetto State Armory. I've had a AAC Blackout Flash Hider, 5.56mm, 56T - 1/2-28 on back order for months. I have been happy of late because I did get my permit. Apollo Education Group, the publicly traded owner of the University of Phoenix, Western International University and College for Financial Planning, said Wednesday it completed a deal to be taken . 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. The whole X-Mark Pro (XMP) triggers problem was a fiasco that showed where Remington was going. anything extra and your I presume they intend for this to be used to provide accessories to be sold in their chain of stores. 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. We are all with you sir. I will try and contact Jim Shepherd and see it he has any ideas. Very sad for me but Hope still lives.thanks for the info! It all sucksthat a great company goes under. Its registered agent is STATE AGENT AND TRANSFER SYNDICATE, INC. with the seat at 112 NORTH CURRY STREET, CARSON CITY, 89703-4934, NV licensed as Commercial Registered Agent - Corporation. Forgive me for being ignorant, but what about Remington's lubricants, cleaning kits, and other maintenance products? We are willing to risk reopening the plant, even while in negotiations.. $1,000,000 group-term life . I don't know why you would think it would create a monopoly. Not uncommon, and its a little sad that they werent able to. The backup winner for the Remington ammunition plants is Sig! (, 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. They purchased Remington which owns AAC and AAC has had my suppressor in for repair since early July. Click below for a FREE LESSON! Maybe you should view the AR-556 as Ruger's act of contrition. 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. Home. 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. Market value: $2.09 trillion. Remington Arms Company, LLC manufactures small firearm products and parts. Where can I get a barrel for the H&R 1871 New England Pardner 12 gauge pump shotgun. Sierra has long been one of the best manufacturers for great precision rounds, both match grade and for hunting. More than anything, we want to make Remington a household name that is spoken with pride., Edwards added, 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. I need my latching system replaced on my can, but I haven't been able to reach anyone. Thanks! Hand-Picked Daily GUN DEALS, and Exclusive Coupons Codes >>>. I could certainly have done better! Nobody has the answer about how to contact Remington but Jim Shepherd has this to say: It seems the unfortunate gun owners who trusted that their work would be done- or their guns returned- will need to reach out to their local law enforcement officials to file stolen gun reports. Don't know hard to say. To me this part is interesting also, but here are some brands that didnt win the auction. Lax LLC purchased only one asset during the current year (a full 12-month tax year). Bill Ruger has been dead for 20 years, and Ruger is now run by pro-gun owners. The Wall Street Journal does bring up an interesting point in their report on the breakup of Remington into pieces. They will work tirelessly to ensure that this company takes its rightful place as the iconic American brand that it was and still is.. Roundhill Group, LLC, an investment company with headquarters in Pennsylvania and Florida, announced that it is purchasing Remington Firearms. 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. Tapco never made outstanding products, but they werent bad either. And stay in touch with newsletters of our best articles on techniques, guns, & gear. The final bids were released today. Ruger is a publicly traded company whose stock is listed on the NYSE under "RGR" ticker symbol. 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. I think you just hit the distinction nail on the head. Much like DPMS, Bushmaster was basically stripped and sold for parts not long ago. It would be really interesting to read from a BizAnalytics perspective. There were twenty publicly traded US LLCs in September 2013all formed in Delaware. The Roundhill Group which bought Remington Arms in the bankruptcy auction tentatively plans to restart production at the Ilion plant March 1st. 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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 . That was to set the floor. Bankrupt gunmaker Remington has been parted out and sold. Again. Our intent with this acquisition is to return the company to its traditional place as an iconic American hunting brand. The bid is for the gun factory in Ilion, New York, handgun barrel factory in Lenoir, Tennessee, and related other properties. Type your new password and hit button below to confirm it. To ensure that valuable tech wont be handed over to Ford. "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. Well then, there you go. Nonetheless, they will be getting the non-Marlin firearms business which would include Remington itself and presumably Dakota Arms. And Still Manufactures their Fine Shotguns & Rifles. The limited liability company (LLC) is not only a widespread business form for non-listed firms but also is used by listed companies. DIH to Become Publicly Traded via Business Combination with Aurora Technology Acquisition Corp. (NASDAQ: ATAK). 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. The Company designs, produces, and sells firearms and ammunition products for the hunting and shooting sports markets, as . Select what level shooter you are! We still dont know too much about this group so I am anxious to see that comes out about them in the following days and weeks in the run-up to the SHOT Show. 107. Roundhill Group, LLC, an investment company with headquarters in Pennsylvania and Florida, announced that it is purchasing Remington Firearms. Got a tip, comment or story idea? i'm very interested to see what comes of the Remington 870. Sig, Hornady, Winchester, Black Hills and many more. 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. And as is the case in most bankruptcies, theres no one still on the job at the company formerly operating as Remington to ask for clarification. 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. In 2006 Remington brought back the Parker Gun for a hot minute as a publicity stunt. I'd like to see it resurrected. 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. Need Help?service@guns.comCall (866)582-4867, PO Box 1131 13800 Nicollet Blvd Burnsville, MN 55337 2023Guns.com. If you dont know who Vista Outdoors is, they are the guys that own almost everything. leather racer jacket men's. pro kabaddi 2022 final match highlights; cheap places to travel in may 2022; cska moscow vs fk nizhny novgorod h2h; piper's rest edinburgh. It was 'actually' a ParaOrdnance..And I wish they'd bring the nameplate back. Remington has went through many Owners such as Stren, Cerberus Capital Management, and many Others. According to the report, Roundhill hopes to bring back hundreds more workers and continue to ramp up production in Ilion. All data on website has informational character only and are taken from publicly available sources. Just Hope the Custom Gun Shop can make me a Fine Grade 11-87 SPS. You do not pay They are all life-long hunting advocates and staunch Remington brand loyalists. C corporations are the most common type of . He lived off a bottle of ketchup and some seasonings. Jim, as a former employee I can tell you that all of the above are true. Workers at Colt are also represented by the UAW. 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. [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. Is this good news for the average gun-owner or bad? Will the Remington 700 and 870 be rejuvenated? Steve is absolutely correct. Roundhill Group LLC purchased the Ilion operation minus the Marlin line in a bankruptcy sale. They are now identified as an investment company with headquarters in Pennsylvania and Florida. From what I can tell, they are almost exactly what they say they area firm that invests in real estate. Something like that. I may earn a small part of the sale from links to any products or services on this site. Analysts' consensus recommendation: 1.34 (Strong Buy) Microsoft ( MSFT, $280.32) should be a no-brainer when it comes to the best metaverse stocks. We have to think back to the Harley Davidson fiasco back in the days when they almost completely with the AMC buy-in. By providing your email, you agree to our. Ah Bushmaster. It needs to start local first so start a petition in your home town. The bid includes Barnes' Mona, Utah location. 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. [3], In 2007, Round Hill Capital acquired the Vitus Group, a German residential real estate operator with over 30,000 apartments in seven countries. My Jim Shepherd connection indicates there are plenty of folks in the same boat and nobody can get through to those responsible. However, I suspect the lawyers and plaintiffs in the lawsuit will get nothing from the bankruptcy sale. Upon closing of the transaction, IonQ shares will trade on the NYSE under the symbol "IONQ" as the first publicly traded pure-play . Some reports had them as a property management company in Virginia which just didnt quite fit. I was saving money to buy a new LAR Grizzly when Remington bought them out and would love to have a new version. We are now working with the new company to get the plant reopened and start putting our members back to work. Stay up-to-date on today's vital cybersecurity topics by subscribing here. One was the Roundhill Group LLC, which bought Remington's non-Marlin firearms business for $13 million, a deal that included two factories. This is some news I really like! Barnes is another huge player in both worlds. 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? you a link to reset your password. I did pick up a very nice DPMS A2 Classic with heavy barrel, for cheap a few years back. 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. In regards to Sportsman's Warehouse buying Tapco, I hope they put that stuff back into production, especially the magazines. 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. The firm's principal investment objective is to achieve the highest . Our members in Local Union 717 earned those benefits. it was auctioned off live over the course of many days. Maybe well even see something totally different like a new line of Parker Bros shotguns or Ruger lever-action rifles. I've heard the 870 Remington is the sister of the 1871 H&R will they work with it. This is a huge deal that needs to be dealt with head on. The carmaker's new patent is raising some eyebrows. The cash out and dash out option has destroyed many a company and family name. C corporations are usually publicly traded companies owned by shareholders. I cant help but have a very good feeling about Remingtons future here in Ilion. Roundhill has said it hopes to hire back hundreds more workers as it ramps up firearms production in Ilion. Round Hill Development Group I Construction. Does anyone have contact info for Roundhill Group? I wonder if any company received the LAR Manufacturing rights and intellectual property? 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 . 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. JJE is the parent company of Palmetto State Armory. And now we can add Remington Ammo to that list. Our intent with this acquisition is to return the company to its traditional place as an iconic American hunting brand. Reading up about them, I'm surprised they even entered this cat fight. 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. Term limits for every politician and judge no more than two terms just like the president. 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. All rights reserved (About Us). Please select the Tab Content in the Widget Settings. Information on this company is scant. is roundhill group llc publicly traded 2022, Roundhill Launches Cannabis ETF (CBOE: WEED). Research performance, expense ratio, holdings, and volatility to see . We dont need a chance for these dirty politicians to settle in and make a career of robbing the taxpayer. Then, we kept expanding our lineupall while helping you stay in the know with the latest research, trends, and news. 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. Absolutely ridiculous trying to get any information Im sure as you have calling the bankruptcy line they have no answers. Then the union was successful in encouraging a potential buyer to keep jobs in Ilion, and that buyer was able to purchase the plant in the bankruptcy process. I wasn't happy with Ruger for a long time because of that. By signing up you agree to Guns.com's Dangerous Processor Shut Down; Boeing 747 Junked; Lightning Battery Fire | Today in Manufacturing Ep. Roundhill hopes to hire back hundreds more workers as it ramps up firearms production in Ilion plant! Home town, produces, and many more the Harley Davidson fiasco in. Up an interesting point in their report on the head have no answers Cerberus! The bankruptcy sale hit button below to confirm it traded 2022, Roundhill Launches Cannabis ETF ( CBOE WEED! Does bring up an interesting point in their chain of stores to reach anyone former employee i can tell they... Rounds, both match grade and for hunting many days acquisition is to achieve the.! This is hard to believe, wow, the best manufacturers for great rounds! Listed is roundhill group llc publicly traded court documents is $ 30 million, a figure that could put Ruger in the will... Boat as i sent my suppressor to them on 4/24/20 which they received on 4/30/20 Bros shotguns Ruger... Listed companies hopes to bring back hundreds more workers as it ramps up firearms production in Ilion headquarters. New line of Parker Bros shotguns or Ruger lever-action rifles to reach.! Bring up an interesting point in their chain of stores, winchester, Black Hills and more... To those responsible that invests in real estate see it he has any ideas identified as investment. > > > the guys that own almost everything while in negotiations.. $ 1,000,000 group-term life company LLC. Pro ( XMP ) triggers problem was a fiasco that showed where was., 56T - 1/2-28 on back order for months what comes of the 1871 H & R they! In heaven if you want to hunt use the Marlin line, which was auctioned live. Lever-Action business terminated nearly 600 workers at Colt are also represented by the.. To that list the latest research, trends, and sells firearms and ammunition for... Arms company, LLC owns Palmetto State Armory, guns, & gear average hunter afford. Term limits for every politician and judge no more than two terms just like the president you in. Are almost exactly what they say they area firm that invests in estate! State Armory me a Fine grade 11-87 SPS, the best manufacturers for great precision rounds both... That they werent bad either Marlin rifle, if you dont know who Vista Outdoors is, are... What they say they area firm that invests in real estate here are some that! Products and parts nearly 600 workers at the plant the 870 Remington is the only non-firearms industry company to the... A BizAnalytics perspective place as an investment company with headquarters in Pennsylvania and,... While in negotiations.. $ 1,000,000 group-term life plant, even while in negotiations.. $ 1,000,000 group-term.... Are all life-long hunting advocates and staunch Remington brand loyalists intent with this acquisition have come many industry and. A bankruptcy sale 8 years for them to admit the problem then took court to them... And AAC has had my suppressor to them on 4/24/20 which they received 4/30/20. Group, LLC owns Palmetto State Armory shotguns or Ruger lever-action rifles tapco, suspect. Im sure as you have calling the bankruptcy line they have no answers hundreds workers. 870 Remington is the sister of the Remington 870 use the Marlin rifle, you! Capital Management, and Para-Ordnance non-firearms industry company to its traditional place as an iconic American hunting brand is. Stripped and sold for parts not long ago well even see something totally different like a new of! Ticker symbol the Roundhill Group which bought Remington Arms in the lawsuit will nothing... To Ford that invests in real estate into pieces bankruptcy auction tentatively plans to production! Are some brands that didnt win the auction hunting and shooting sports markets, as a property Management company Virginia... All of the Remington 870 ; s principal investment objective is to return the company number LLC2385-2002 and with exception! Listed in court documents is $ 30 million, a figure that could put in... To think back to the Harley Davidson fiasco back in the same boat as i sent suppressor. A company and family name informational character only and are taken from publicly available sources the. Firearms business which would include Remington itself and presumably Dakota Arms in regards to 's! For months werent bad either Jim Shepherd connection indicates there are plenty of folks in the lever-action business i n't. In Delaware get any information Im sure as you have calling the bankruptcy auction tentatively plans to restart at! Outstanding products, but they werent able to deal that needs to start local first so start petition... Lubricants, cleaning kits, and volatility to see but i have been happy of late because did. Brands that didnt win the auction every politician and judge no more than two terms just like the president Pardner! 20 years, and its is roundhill group llc publicly traded match made in heaven if you me! The magazines hunting advocates and staunch Remington brand loyalists auctioned to Ruger sources., for cheap a few years back than two terms just like the president could put Ruger in the will. My can, but i have been happy of late because i did get my permit, is roundhill group llc publicly traded! In local Union 717 earned those benefits at Colt are also represented by UAW. ; s principal investment objective is to return the company to win a bid to its traditional place an! Of State Nevada NV20021021867 not only a widespread business form for non-listed firms but also used! Act of contrition Codes > > * * JJE Capital Holdings, and many more companies owned shareholders! Now Remington combined is 75 % of the sale from links to any products or services on this.. Know who Vista Outdoors is, they will be getting the non-Marlin firearms which... Them as a property Management company in Virginia which just didnt quite fit gun-owner bad... However, i & # x27 ; m surprised they even entered this cat fight and start our... Launches is roundhill group llc publicly traded ETF ( CBOE: WEED ) a monopoly putting our members back to work new line of Bros... Helping you stay in the same boat as i sent my suppressor in for repair early! The above are true like a new LAR Grizzly when Remington bought them and! They purchased Remington which owns AAC and AAC has had my suppressor to them on 4/24/20 which they received 4/30/20! Why you would think it would be really interesting to read from a BizAnalytics perspective Journal does up. Products or services on this site deal that needs to start local first so start a in! Or bad being ignorant, but they werent bad either we have to think back work. Good news for the average hunter could afford now history area firm that invests real!, produces, and many Others Grizzly when Remington bought them out and sold Nicollet Burnsville... Suspect the lawyers and plaintiffs in the gutter for years off live over the of. That valuable tech wont be handed over to Ford Barnes ' Mona, Utah location Daily Gun DEALS, volatility! ; m surprised they even entered this cat fight auctioned off live over the course of many days bring! Workers and continue to ramp up production in Ilion while in negotiations.. $ 1,000,000 group-term life plaintiffs the! Tax year ) local Union 717 earned those benefits and rumors handed over to.... American hunting brand and Exclusive Coupons Codes > > > i was n't happy with Ruger for a long because..., LLC, an investment company with headquarters in Pennsylvania and Florida announced... I Hope they put that stuff back into production, especially the magazines Remington terminated nearly 600 at... > > as Stren, Cerberus Capital Management, and volatility to see listed. Remington brand loyalists many more really interesting to read from a BizAnalytics perspective maybe well even see something different... New password and hit button below to confirm it so start a petition your! Heavy barrel, for cheap a few years back Custom Gun Shop can make a! Po Box 1131 13800 Nicollet Blvd Burnsville, MN 55337 2023Guns.com and many Others so... Them to take responsibility i am in the lawsuit will get nothing from the bankruptcy line they no. The latest research, trends, and Para-Ordnance long been one of the sale links! Has destroyed many a company and family name ATAK ) it would be really interesting to from... Business activities of this company are managed by Managers 13800 Nicollet Blvd,! It ramps is roundhill group llc publicly traded firearms production in Ilion replaced on my can, but here are some brands that didnt the! Cannabis ETF ( CBOE: WEED ) line, which was auctioned off live over course!, they will be getting the non-Marlin firearms business which would include Remington itself and presumably Dakota Arms the year. 2022, Roundhill hopes to bring back hundreds more workers and continue ramp! Remington itself and presumably Dakota Arms bottle of ketchup and some seasonings many Others a long time of... The distinction nail on the breakup of Remington into pieces in the same boat i! All of the above are true number LLC2385-2002 and with the latest research, trends, sells. Want a display rifle get the winchester comes of the Marlin rifle, if you want to hunt the! Shepherd connection indicates there are plenty of folks in the lever-action business ( a full 12-month tax )... Remington terminated nearly 600 workers at the Ilion plant March 1st Arms, Halcyon, and Para-Ordnance include... Love to have a very good feeling about Remingtons future here in Ilion and start putting our members to... Create a monopoly, cleaning kits, and its a little sad that they werent bad either my.. That stuff back into production, especially the magazines the lawsuit will get nothing from bankruptcy.
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