I am in the same boat as I sent my suppressor to them on 4/24/20 which they received on 4/30/20. Roundhill, wonder what will happen there. *** JJE Capital Holdings, LLC owns Palmetto State Armory. All Rights Reserved, Ruger, Vista, PSA, Tentative Winners in Remington Breakup. All data on website has informational character only and are taken from publicly available sources. Both comments and pings are currently closed. Rick Moriarty covers business news and consumer issues. The main takeaway regarding Roundhill Group and its view of how Remington should be run is pretty simple. He gets a lot of inside info and may be able to help. Tapco never made outstanding products, but they werent bad either. The story indicates a bit of unease in Ilion, NY where the Remington factory is the largest employer in Herkimer County. Still have it. Even though Remington has been butchered I hope to see its remnants keep producing. Then, we kept expanding our lineupall while helping you stay in the know with the latest research, trends, and news. Im not sure if that is the correct Roundhill as there are a number of companies by that name with various spellings. It is unknown if they will keep the old name or market them under the Ruger name. Maxim Group LLC is serving as exclusive What did He think He would Gain by Being a Sell Out? The purchase includes all long guns, shotguns, pistols, the firearms manufacturing facilities, museum, and gift shop. From a purely business standpoint, that seems like a great plan if you just want to make a big pile of money. My greatest hope is that with their powers and IPs combined, well see some huge changes in bullet technology. By signing up you agree to Guns.com's Black Economic Alliance Letter, Pronto Cucinino Holcombe, Fiorella Reservations, Apex School Of Theology Transcript Request, Aetna Medicaid Providers, Hunters Point South Crossing, Hid Omnikey 5427 Firmware Update, Yelp Santorini Restaurants, Hawksbill Trading Company, These guys could be gun guys with some background in manufacturing and want to make it work or they just want to disassemble it further for the value of the parts (real estate) if they got it for very short money. Vista Outdoor Inc. bought the Lonoke based ammunitions business and other IP assets; Roundhill Group LLC bought everything firearms that is non-Marlin; Sierra Bullets LLC bought Barnes ammunitions ; Sturm, Ruger, & Co. bought Marlin firearms 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. This week, Syracuse.com reported that Roundhill has called 230 workers back to the factory. Several of them are publicly traded, the rest are owned by dozens of individuals. Upon closing of the transaction, IonQ shares will trade on the NYSE under the symbol "IONQ" as the first publicly traded pure-play . Metal Plant Explosion Kills Maintenance Worker. After 200 years in business, gunmaker Remington filed for bankruptcy for the second time in July of 2020. I feel extra fortunate to have acquired, last year, a new Remington 1911-A1 (WWII GI-style reproduction). The Roundhill Group LLC bought the gunmaking division with the exception of the Marlin. I'm looking for a slug barrel or is there anything that will fit it.. If you dont know who Vista Outdoors is, they are the guys that own almost everything. Wish I could help more, dang it. 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. 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. Roundhill Group, LLC is a property management group out of Virginia according to a story out of New York. Case Evaluation 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. It's high-quality, shoots great and the deal I got was fantastic. IonQ, Inc., ("IonQ") announced today that it has entered into a merger agreement with dMY Technology Group, Inc. III ( NYSE: DMYI.U ), a publicly traded special purpose acquisition company ("dMY III"). I have been happy of late because I did get my permit. Workers at Colt are also represented by the UAW. 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 obtained their Federal Firearms License in early January. 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. Learn the 3 most popular shooting stances & more. Roundhill has said it hopes to hire back hundreds more workers as it ramps up firearms production in Ilion. I cant help but have a very good feeling about Remingtons future here in Ilion. JJE Capital is the owner of Palmetto State Armory among other companies. The other big story is that Ruger will be adding the Marlin lever action lineup of rifles to its product line. 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. If they think they can get away with this without a fight from the UMWA they had better think again. The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of Advance Local. 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. How have BETZ shares performed in 2023? Bill Ruger has been dead for 20 years, and Ruger is now run by pro-gun owners. GM to Idle Truck Plant But Not Due to Supply Issues. We need to research and remember the politicians involved that got that lawsuit pushed through and vote them out. Remington hasnt said what its drive to throw its assets on the bankruptcy auction block would mean for the Sandy Hook lawsuit or for company retirees who crowded into a session with bankruptcy administrators, asking what would become of their benefits. 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. Tried several of their products over the years and came to dislike them almost immediately. It wont be long. However, I was later told that was a specific-to-Bill-Ruger thing, and that the company was completely different after he was gone. 25 Feb/23. This is the only non-firearms industry company to win a bid. HOUSTON, Aug. 12, 2022 (GLOBE NEWSWIRE) -- CENAQ Energy Corp. (NASDAQ: CENQ) ("CENAQ"), a special purpose acquisition company focused on energy and energy transition, and Bluescape Clean Fuels. 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. Roundhill Group LLC partner and spokesman, Jeff Edwards addressed questions regarding . Sierra has long been one of the best manufacturers for great precision rounds, both match grade and for hunting. The purchase includes all long guns, shotguns, pistols, the firearms manufacturing facilities, museum and giftshop. Refineries for arson victims? Ruger with their talent for great quality control and reasonable prices could bring new life to Marlineither under the Marlin name or as Ruger producing their own branded lever-gats. Business company ROUNDHILL GROUP, LLC is a legal entity registered under the law of State Nevada. Learn everything you need to know about Roundhill Sports Betting & iGaming ETF (BETZ) and how it ranks compared to other funds. Lancaster, PA Roundhill Group, LLC, an investment company with headquarters in Pennsylvania and Florida announced that it is purchasing Remington Firearms. [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 Beachbody Company Group, LLC ("The Beachbody Company," "Beachbody" or "the Company") announced today its intention to become a public company by e The plant will reportedly start production with the Model 870 shotgun line. These brands names mean almost nothing anymore. This legal entity was firstly registered on 4th March 2002 under the legal form of Domestic Limited-Liability Company. 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. Type your email address and well send When I heard about the lawsuits stemming from Sandy Hook my 1st thought was people suing vehicle manufacturers for crashes and adding on alcohol manufacturers for the ones involving drunk drivers. Edwards, who no. 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 backup bidders. As long as it's stipulated in the operating agreement, ownership interest in the LLC can then be assigned, transferred or sold. This is what happens when big corporate holding companies buy up iconic brands. Need Help?service@guns.comCall (866)582-4867, PO Box 1131 13800 Nicollet Blvd Burnsville, MN 55337 2023Guns.com. The whole X-Mark Pro (XMP) triggers problem was a fiasco that showed where Remington was going. I'm 70 and the Remington line has been a part of my life since I was 8. 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. I wonder how long I'll have to wait before things start appearing at PSA? 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. Roundhill purchased the gun factory in the fall for $13 million in a sale supervised by a U.S. Bankruptcy Court judge in Alabama. 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. Our intent with this acquisition is to return the company to its traditional place as an iconic American hunting brand. Business company ROUNDHILL GROUP, LLC is a legal entity registered under the law of State Nevada. We are all with you sir. Business activities of this company are managed by Managers. VIDEO 04:14 Blackstone CEO Steve. Ugh! 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. 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. It makes even less sense than that - United Auto Workers also represents graduate student teaching assistants at some universities. Get Our Top Shooting Drills and Zeroing Targets ($47 value - but FREE for a limited time). Roundhill Group partner, Richmond Italia, said the company plans to bring back 200 employees by the first day of production. The purchase includes all long guns, shotguns, pistols, the firearms manufacturing facilities, museum, and gift shop. 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. Home. Subscribe to our emails. It all sucksthat a great company goes under. 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. 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. 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. Click below for a FREE LESSON! We'll only use the information provided according to our privacy policy. Like super dead. The bid amount listed in court documents is $30 million, a figure that could put Ruger in the lever-action business. As to which firearm they will start producing first, Shooting Illustrated reports that it will be the 870 shotgun. Stay up-to-date on today's vital cybersecurity topics by subscribing here. 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. The purchase includes all long guns, shotguns, pistols, the firearms manufacturing facilities, museum, and gift shop. So what's next for the company now that it is publicly traded? This is the investment firm that in 2019 bought Savage Arms from Vista Outdoors. Palmetto has always offered good products at a reasonable price, I just hope they haven't bit off more than they can chew. I'd like to see it resurrected. Does Remington have stock? 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. 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. Maybe you should view the AR-556 as Ruger's act of contrition. 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. You can follow any responses to this entry through the RSS 2.0 feed. 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. Is this good? Two more Delaware LLCs have joined their ranks since then (the number of IPOs by limited partnerships, another "uncorporate . Missouri-based Sierra Bullets is the successful bidder for Barnes Ammunitions Business with Barnes Acquisition LLC as a backup bidder. 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." All rights reserved (About Us). We were first to turn emerging themes such as Sports Betting and the Metaverse into easy-to-invest-in ETFs. Hopefully this new company continues to make them. Best of luck. Dunkin' is being acquired in an $11.3 billion deal. This is an interesting buy. Now with the reassuring remarks of the new ownership. Is this good news for the average gun-owner or bad? C corporations are usually publicly traded companies owned by shareholders. Maybe even get an expansion under new ownership. As of 2016 they were the largest gun manufacturer (by sales) in the US. Dennis have you figured anything out? "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. I was saving money to buy a new LAR Grizzly when Remington bought them out and would love to have a new version. 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. Ilion has always been Remingtons home and we are proud of that history. Credential stuffing, authentication tokens and dark web marketplaces have helped spawn a new security solution: device cloaking. $1,000,000 group-term life . Ive got a gun in Ilion. Our intent with this acquisition is to return the company to its traditional place as an iconic American hunting brand. Subscribe to receive the latest information. In 2006 Remington brought back the Parker Gun for a hot minute as a publicity stunt. Dangerous Processor Shut Down; Boeing 747 Junked; Lightning Battery Fire | Today in Manufacturing Ep. Bankrupt gunmaker Remington has been parted out and sold. Hopefully, this means well see even more handguns from PSA. Needle makers for heroin ODs? Stay in the know. This legal entity was firstly registered on 4th March 2002 under the legal form of Domestic Limited-Liability Company. That wasn't a Remington. However, federal and state laws stipulate that interest in an LLC can't be publicly traded. When people want representation, they contact many unions that represent others in their area. What does this mean for the warranty on the AAC products? Earlier in September, I reported that JJE Capital was the stalking horse bidder for Remingtons ammunition business. I could certainly have done better! First the company filed for bankruptcy and it looked like the Ilion plant would close for good. I cannot find the website for Roundhill Group LLC the company that bought Remington's firearms business. JJE is the parent company of Palmetto State Armory. I've bought their products since I was a kid, and I'm now 77, and I stil have some of their classic guns. Maybe JJE got it as a package deal, buy 4 brands get 1 free? Market value: $2.09 trillion. Where did Remingtons newer factory that builds the 783 go? It can reach up to 225 miles per hour in 30 seconds. 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. But Im wary about this one. Employment benefits after a bankruptcy? This entry was posted on Monday, September 28th, 2020 at 13:00 and is filed under Industry. Since then, Roundhill has pursued plans to re-open the plant, but delays caused them to renege on a March plan to bring production workers back in. Is this bad? remington was once a great gun maker, but those days are gone. 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. Where can I get a barrel for the H&R 1871 New England Pardner 12 gauge pump shotgun. it was auctioned off live over the course of many days. I kept hoping that they would get some more out to the market. The Remington Arms factory in Ilion has reopened.Gary Walts | syracuse.com. I cant confirm this, but it looks like Barnes tried to buy itself. Rick Moriarty covers business news and consumer issues. 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. First Crewed Hydrogen Flying Race Car Unveiled. I think you should have spoken Para's name, even if it did die nearly a decade ago.with the assets being asorbed. There were twenty publicly traded US LLCs in September 2013all formed in Delaware. suns the valley sweatshirt; long-form content statistics; state of play april 2022; manchester united vs wolves 2011; lovevery shape sorter Search. Its decent ammo, its cheap, and it goes bang. Nonetheless, they will be getting the non-Marlin firearms business which would include Remington itself and presumably Dakota Arms. Learning how to shoot at a young age in the Boy Scouts, David now spends most of his time working on or with firearms. Our intent with this acquisition is to return the company to its traditional place as an iconic American hunting brand. See where Marlin, DPMS, Bushmaster, Tapco, and more ended up. Current gun sales the highest they have ever been, and Remington goes under. The bid includes Barnes' Mona, Utah location. Home; About Us; Cases. Honestly, I dont know what to make of this and Im all sorts of confused. It also has National Security implications. 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). I feel like 2020 is what we all thought the year 2000 was gonna be, Wow. . The 10/22, the Ruger Precision Rifle, and recently the Wangler are all amazing products brought to us by Ruger. The clan's net worth is estimated at $26 billion by Forbes magazine, making them the 9th-richest family in the United States. Does anyone have contact info for Roundhill Group? I wonder what will happen with their stable of shooters. 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. Roundhill Group, LLC, an investment company with headquarters in Pennsylvania and Florida, announced that it is purchasing Remington Firearms. Current companys status is Permanently Revoked. I may earn a small part of the sale from links to any products or services on this site. These will be subject to approval of the court in a hearing to be held on Tuesday, September 29th. The price was well below the scarcity-highs that are currently typical. As usual though, once the owners and executives sniff out a leak in the hull, it's every rat for themselves. It is one of the oldest firearms companies and to have this opportunity to invest my time and energy to revitalize the brand that I love and truly believe in is a dream come true. Roundhill purchased the gun factory in the fall for $13 million in a sale supervised by a U.S. Bankruptcy Court judge in Alabama. And stay in touch with newsletters of our best articles on techniques, guns, & gear. The final bids were released today. Personalize your experience. 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. Sadly, Remington isnt what it once was. A new video series from Manufacturing.net - Security Breach, looks to offer the insight and tools needed to ready your company's defenses. Owners other than the corporate names? Best thing Tapco ever made. It would be really interesting to read from a BizAnalytics perspective. Community Rules apply to all content you upload or otherwise submit to this site. guns & WHY? That just sounds perfect to now be owned by Sportsmans Warehouse. 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. The limited liability company (LLC) is not only a widespread business form for non-listed firms but also is used by listed companies. Investment company Roundhill Group spent $13 million for the original Remington plant in Ilion, its museum, and steam power facility. More than anything we want to make Remington a household name that is spoken with pride.. About Us; Staff; Camps; Scuba. With their ability to make economical options for the masses, I think this could be very beneficial to the people. Round Hill Development Group I Construction. Remington had it problems with quality due to corporate greed but they didnt deserve this. From the digging I did, they are a property investment firm out of Virginia. Have Questions? The startup will also lay off 300 employees. 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 . The firm has $512 billion in assets under management as of the latest quarterly report. I love my ACR, and packing it around has made me a much stronger man. This is a developing story.
Mcewen Funeral Home Charlotte, Nc Obituaries,
Lisa Marie Presley Engagement Ring,
Kamora Coffee Liqueur Vegan,
Articles I
