Italia said Friday that the owners are in talks with the union and hope to come to a mutual beneficial agreement for all parties involved.. Remington bought Parker Bros. in 1934, but it went defunct in 1942. Roundhill purchased the gun factory in the fall for $13 million in a sale supervised by a U.S. Bankruptcy Court judge in Alabama. Any idea who has the parts for shotguns and rifles? Roundhill Group LLC partner and spokesman, Jeff Edwards addressed questions regarding . Remington offered to bury the Bushmaster patent andname rights. The election consequences make the ramp-up investment a no-brainerBiden wins and the ban threat will grow exponentially, driving sales. From the digging I did, they are a property investment firm out of Virginia. This name set off the history dork in me and after double-checking, I think this is referring to the Parker Bros. shotgun line. Would be cool to see them brought back up to the level of quality they used to be. i'm very interested to see what comes of the Remington 870. Got a tip, comment or story idea? Still have it. Alas, all those deals are probably history. Thank You Ron Schoonmaker ( Village Trustee ). Thank you Remington. ARENAL SETTLEMENTS AND NOTARY SERVICES, L.L.C. Lead Generation Our intent with this acquisition is to return the company to its traditional place as an iconic American hunting brand. remington was once a great gun maker, but those days are gone. 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. Best of luck. I realize this has been in the works for a long time, but since late Feb we've been in the potentially most lucrative time in history for the firearms related industryif they'd have gone all in on production (especially on ammo) while gouging at even half of what most sources are doing, they probly could have resurrected themselves by using the absurd profits to bring quality across all product lines up to old-school Remmington levels. Suppressor-maker AAC, likewise will go to JJE pending court approval. Roundhill purchased the gun factory in the fall for $13 million in a sale supervised by a U.S. Bankruptcy Court judge in Alabama. Does Remington have stock? Last week, the Roundhill Group released a press release which identified their intentions and offered a little glimpse into the future of Ilion's workforce, which has been mostly furloughed for. Round Hill Capital LLC (RHC) is a fully integrated real estate investment and management company founded in Delaware, United States of America. Earlier in September, I reported that JJE Capital was the stalking horse bidder for Remingtons ammunition business. 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. A 1,498-page Notice of Successful Bidders filed with the court on the morning of Sept. 27, pending a court date later this week, details that America's oldest gunmaker's assets will likely be scattered and absorbed by several other household names. 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. Quality-control problems, rust problems, bankruptcy after bankruptcy, and the Bushmaster-Sandy Hook lawsuit. Remington died when it was turned into a Holding Company and started buying up everything they could then gutting them. [7], According to Reuters, as of October 2013, Vitus's enterprise value was 1.2-1.4 billion euros ($1.6-1.9 billion USD). Stay in the know. Please select the Tab Content in the Widget Settings. Either wayI dont think this will really change anyones day. This is the only non-firearms industry company to win a bid. But what does that mean going forward? The Malta-based company became publicly traded in Sweden when it was spun out of Unibet in 2014. 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. gear. Roundhill Group, LLC, an investment company with headquarters in Pennsylvania and Florida, announced that it is purchasing Remington Firearms. As Americans we should be outraged that Remington was allowed to be sued for Sandy Hook! Subscribe - Today in Manufacturing Podcast, How to Select Ideal IIoT & Networking Solutions, Security Breach: Hiding, Not Running from Hackers, Industrial Supply Association President on Why He's Confident About 2023, Security Breach: 'How Can I Make Stuff Worse', Boeing Engineers Break Record for Farthest Paper Airplane Flight, Workers Reaching into Live Machines at Pepsi Bottling Plant, Security Breach: Latest Ransomware Attacks Educate, then Humiliate. It's high-quality, shoots great and the deal I got was fantastic. The purchase includes all long guns, shotguns, pistols, the firearms manufacturing facilities, museum and giftshop. The founder eventually turned the reins over to his son, Fidelity . In fact, as voters, we should vote as if term limits existed. I wonder what will happen with their stable of shooters. 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. Remington bought LAR Manufacturing, producer of the LAR Grizzly .45 Win Magnum pistol, and then promptly shut them down. 107. A company becomes publicly traded by making an initial public offering (IPO) of shares in the company, which helps it to raise capital and gives both investors and the company a powerful way to . I like this buy, personally. And I am still pissed that Bill Ruger was pro assault weapons ban back during the Clinton years, Ruger is still dead to me. Guess the 35 Remington made in 1938, that I bought it in 1962 and my falling block 22 rifle model 4 made in 1913 now have a special place in the safe, As long as they make lot's more V3-TAC13's I'll be happy. Best thing Tapco ever made. Makers of single-shot rifles and shotguns. That just sounds perfect to now be owned by Sportsmans Warehouse. The plaintiffs in that suit claimed to want policy change morethan money damages. 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. He lived off a bottle of ketchup and some seasonings. I have been happy of late because I did get my permit. Salt manufacturers for high blood pressure? R.I.P., Remington. If these bids are approved, Vista Outdoor will become an even larger player in the civilian ammunition market with the addition of Remingtons ammunition factory in Arkansas. It all sucksthat a great company goes under. Reuters stated that month that according to four individuals, Round Hill was considering how to sell Vitus. When Lionel toy trains were made in MIchigan the workers were represented by the United Auto Workers union. JJE is probably a name you dont recognize right off the bat, but you actually do know them. My Jim Shepherd connection indicates there are plenty of folks in the same boat and nobody can get through to those responsible. In regards to Sportsman's Warehouse buying Tapco, I hope they put that stuff back into production, especially the magazines. Sierra has long been one of the best manufacturers for great precision rounds, both match grade and for hunting. I've had a AAC Blackout Flash Hider, 5.56mm, 56T - 1/2-28 on back order for months. Cookie Settings/Do Not Sell My Personal Information. 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. it was auctioned off live over the course of many days. 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 Group LLC" is the name listed in the bankruptcy court documents, and an internet . 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 even get an expansion under new ownership. The other big story is that Ruger will be adding the Marlin lever action lineup of rifles to its product line. We invest primarily in publicly traded stocks of U.S. and multinational companies. 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. I know many of the folks at Ruger personally, and I an say whole heartedly they are huge pro-gun people. Get proficient on YOUR time. . Kambi's client list, which used to include DraftKings prior to the merger with SBTech, includes Penn National ahead of the expected roll-out Barstool Sports sports betting roll-out. is roundhill group llc publicly traded. First Crewed Hydrogen Flying Race Car Unveiled. Roundhill has said it hopes to hire back hundreds more workers as it ramps up firearms production in Ilion. All Rights Reserved, Ruger, Vista, PSA, Tentative Winners in Remington Breakup. Search. All rights reserved. I'd like to see it resurrected. I guess we might see a line of budget single-shot firearms from PSA in the next few years? 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, With their ability to make economical options for the masses, I think this could be very beneficial to the people. And for hunting, I reported that JJE Capital was the stalking horse bidder for Remingtons business... Purchase includes all long guns, shotguns, pistols, the firearms manufacturing,. Win a bid bidder for Remingtons ammunition business remington firearms with this is... Michigan the workers were represented by the United Auto workers union in the for. The deal I got was fantastic stalking horse bidder for Remingtons ammunition business LLC & quot roundhill. The Marlin lever action lineup of rifles to its traditional place as an iconic hunting! 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