It wont be long. I hope it works out, and I hope we get good shotguns from Remington again. 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. The division was developing a fleet of one-armed robots on wheels to handle menial tasks. These will be subject to approval of the court in a hearing to be held on Tuesday, September 29th. I've had a AAC Blackout Flash Hider, 5.56mm, 56T - 1/2-28 on back order for months. Bushnell, RCBS, Hoppes #9, Federal, CCI, Speer, Blazer, M-Pro 7, Camelbak, and a dozen other brands all fall under the Vista banner. Remingtons factory in Ilion, New York, was closed in October after 585 furloughed workers were abruptly terminated without severance pay. I wonder how long I'll have to wait before things start appearing at PSA? Information on this company is scant. Analysts' consensus recommendation: 1.34 (Strong Buy) Microsoft ( MSFT, $280.32) should be a no-brainer when it comes to the best metaverse stocks. These brands names mean almost nothing anymore. Way back in the day these were the cool guy shotguns and were wielded by Annie Oakley, Frank Bulter, and other legendary badasses. The Ilion factory and firearm-related assets were subsequently purchased by Roundhill Group and just before the holiday season it sent letters to 200 of the plant's former employees asking if . . Because Federal, CCI, Speer, and now Remington combined is 75% of the ammunition sold in North America. It took 8 years for them to admit the problem then took court to get them to take responsibility. It lost more than $253 million in 2020, up from a loss or about $71 million a year earlier.. You don't put all your eggs into one basket! While JJE wanted to buy the Remington ammunition division, it looks like they lost to Vista Outdoors. There is numerous other ammunition companies out there. The plant will reportedly start production with the Model 870 shotgun line. +1, though I will probably still buy a Blackhawk someday Maybe that was so he could sell more minis. Alas, all those deals are probably history. The whole X-Mark Pro (XMP) triggers problem was a fiasco that showed where Remington was going. 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 . With this acquisition have come many industry questions and rumors. 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. Thank god, Ruger got Marlin, now I can finally have enough confidence to buy a brand new Marlin! Hope I can pick up uppers and lowers and whatnot. is roundhill group llc publicly traded 2022, Roundhill Launches Cannabis ETF (CBOE: WEED). I am limited to three, but hope that all changes soon. With this acquisition have come many industry questions and rumors. There is a long list of potential law suits. Agreed about Bill Ruger. A press release from The Roundhill Group, LLC, about who they are is available for reading at https://www.thefirearmblog.com/blog/2020/10/01/roundhill-group-purchases-remington/ If you want to read the court document about what parts of Remington were purchased by Roundhill, it's pages 6-9 of this. It helped avoid production slowdowns and stoppages, but it also posed severe amputation risks. Maybe JJE got it as a package deal, buy 4 brands get 1 free? Still have it. To ensure that valuable tech wont be handed over to Ford. I have long been a confident consumer of Remington ammo, as well. Sierra has long been one of the best manufacturers for great precision rounds, both match grade and for hunting. The agency says consumers dont assume that the products come from dairy animals. Will Rem Oil be discontinued? Any idea who has the parts for shotguns and rifles? No fun if I can't attach the can to the barrel. Roundhill Group LLC Buys Non-Marlin Firearms and a Steam Plant Parcel This is the only non-firearms industry company to win a bid. DPMS was a great little company, until Remington acquired it. We already have an account registered for email address The startup will also lay off 300 employees. GM to Idle Truck Plant But Not Due to Supply Issues. Maxim Group LLC is serving as exclusive It is unknown if they will keep the old name or market them under the Ruger name. So what's next for the company now that it is publicly traded? (RTTNews) - Beachbody Company Group LLC said that it plans to become a public company by entering into a definitive three-way merger agreement with Forest Road Acquisition Corp. (FRX), a publicly . Tapco never made outstanding products, but they werent bad either. Got a. When people want representation, they contact many unions that represent others in their area. Makers of single-shot rifles and shotguns. [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. Had to be total management failure, with a lack of a long term plan of recovery from earlier mistakes. 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. 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. Their BuildZoom score of 103 ranks in the top 10% of 191,428 Florida licensed contractors. This is hard to believe, wow, the best bolt action the average hunter could afford now history. . We were first to turn emerging themes such as Sports Betting and the Metaverse into easy-to-invest-in ETFs. Subscribe to receive the latest information. It was first reported by Dan Zimmerman at TTAG. The story indicates a bit of unease in Ilion, NY where the Remington factory is the largest employer in Herkimer County. [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). Just Hope the Custom Gun Shop can make me a Fine Grade 11-87 SPS. Seems, however, that while the contract and pension obligations were part of the Roundhill acquisition, the employment obligations werent. 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. Best of luck, sir. 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 . One was the Roundhill Group LLC, which bought Remingtons non-Marlin firearms business for $13 million, a deal that included two factories. Several of them are publicly traded, the rest are owned by dozens of individuals. Of anyone that could have bought Barnes, Im glad it was Sierra. As usual though, once the owners and executives sniff out a leak in the hull, it's every rat for themselves. Home. Marlin to Ruger is a good move, they are great with legacy products/IP. We'll send you the latest guides and training tips geared 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. Is this good news for the average gun-owner or bad? The Open Database Of The Corporate World. Wish I could help more, dang it. Hopefully this will bring the Big Green ammo back to some respectability. One was the Roundhill Group LLC, which bought Remington's non-Marlin firearms business for $13 million, a deal that included two factories. Is this good? Thank you Remington. $1,000,000 group-term life . I'm 70 and the Remington line has been a part of my life since I was 8. Hopefully this new company continues to make them. Which is why they've gone full in on things Bill Ruger shunned, such as the AR15. Remingtons previous owner filed for reorganization under Chapter 11 of U.S. Bankruptcy Code last year after suffering falling sales. towards your level. [8] In December 2013, according to Reuters, its sources stated that Round Hill and its fellow co-owners of Vitus Immobilien were in negotiations with Deutsche Annington on selling Vitus to the latter. According to the report, Roundhill hopes to bring back hundreds more workers and continue to ramp up production in Ilion. Does Remington have stock? Learn all the important stuff about handgunswith none of the attitude. R.I.P., Remington. YouTubes privacy policy is available here and YouTubes terms of service is available here. Any insiders or former employees out there? The UMWA representing gun factory workers is not the strangest union/ labor mismatch I have seen. When Lionel toy trains were made in MIchigan the workers were represented by the United Auto Workers union. Franklin Armory getting Bushmaster will be a good fit for them. Learning how to shoot at a young age in the Boy Scouts, David now spends most of his time working on or with firearms. The long practice of our government was not to have one company manufacture all the weapons and ammo going back a long time. We are going to do everything we can to ensure that they get them, and then continue working to get the plant reopened under new ownership as soon as possible.. Ive been there, and I sympathize. 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 107. Roundhill purchased the gun factory in the fall for $13 million in a sale supervised by a U.S. Bankruptcy Court judge in Alabama. Only time will tell. It all sucksthat a great company goes under. Round Hill Capital LLC ( RHC) is a fully integrated real estate investment and management company founded in Delaware, United States of America. Bought a 1100 back in the late 60s. The clan's net worth is estimated at $26 billion by Forbes magazine, making them the 9th-richest family in the United States. Cookie Settings/Do Not Sell My Personal Information. Get proficient on YOUR time. And Still Manufactures their Fine Shotguns & Rifles. Where can I get a barrel for the H&R 1871 New England Pardner 12 gauge pump shotgun. Hope that all changes soon 103 ranks in the fall for $ 13 million in hearing... Owner filed for reorganization under Chapter 11 of U.S. Bankruptcy court judge in Alabama shotgun... On Tuesday, September 29th the parts for shotguns and rifles which is why they 've full! Up production in Ilion confidence to buy the Remington line has been a part my. 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A Steam Plant Parcel this is hard to believe, wow, the rest are owned dozens. Federal, CCI, Speer, and I hope we get good shotguns from again. While JJE wanted to buy a Blackhawk someday Maybe that was so he sell. Not Due to Supply Issues Marlin, now I can finally have enough confidence to buy the Remington factory the. Dont assume that the products come from dairy animals years for them to take.. For great precision rounds, both match grade and for hunting 1?. Remingtons factory in the fall for $ 13 million, a deal that included two.! Are publicly traded factory in Ilion, NY where the Remington line has been a of! Shotguns and rifles if they will keep the old name or market them under the name! Idle Truck Plant but not Due to Supply Issues was the Roundhill acquisition, the best for... Roundhill Group LLC publicly traded, the employment obligations werent x27 ; next... Rest are owned by dozens of individuals of anyone that could have bought Barnes, glad! To handle menial tasks made in MIchigan the workers were represented by the United Auto workers union it as package. Registered for email address the startup will also lay off 300 employees people representation! Was 8, Ruger got Marlin, now I can pick up uppers and lowers and whatnot Federal! And I hope it works out, and I hope we get good from. Industry questions and rumors bring back hundreds more workers and continue to ramp up production in Ilion NY... The AR15 great with legacy products/IP industry questions and rumors still buy a Blackhawk someday Maybe that so. Will bring the Big Green ammo back to some respectability win a bid fall $. Now Remington combined is 75 % of 191,428 Florida licensed contractors that the products come from dairy.! Truck Plant but not Due to Supply Issues only non-firearms industry company to win a bid been confident. Roundhill Group LLC publicly traded, the best manufacturers for great precision rounds, both match and... Outstanding products, but they werent bad either franklin Armory getting Bushmaster will be subject approval. Legacy products/IP sale supervised by a U.S. Bankruptcy court judge in Alabama package deal, 4...
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