We are all with you sir. 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. Need Help?service@guns.comCall (866)582-4867, PO Box 1131 13800 Nicollet Blvd Burnsville, MN 55337 2023Guns.com. The founder eventually turned the reins over to his son, Fidelity . Let us know in the comments! I think you should have spoken Para's name, even if it did die nearly a decade ago.with the assets being asorbed. Something like that. *** JJE Capital Holdings, LLC owns Palmetto State Armory. it was auctioned off live over the course of many days. JJE Capital Holdings, the investment company that owns South Carolina-based Palmetto State Armory, is listed as the successful bidder of Remington's recently shuttered DPMS black rifle brand as well as the H&R, Stormlake, and Parker brands. What does this mean for the warranty on the AAC products? "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. 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 Company has expired at 4th March 2502. I think the Ruger/Marlin combination could be good for the Marlin line. A court filing today has the results of the auction for the various components of the company. My hope is that with these brands under new ownership, well finally see the innovation they deserve and the quality we demand return to each branch. Absolutely ridiculous trying to get any information Im sure as you have calling the bankruptcy line they have no answers. Google Shuts Down Its Trash-Sorting Robot Division. 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. This is a developing story. Remington had it problems with quality due to corporate greed but they didnt deserve this. Marlin has been in the lever-action game for a long, long timebut under Remington ownership, the quality has declined sharply. Personalize your experience. Publicly Traded LLCs LLCs can issue ownership to multiple LLC members. i'm very interested to see what comes of the Remington 870. In case you missed it, Remington is dead. (, 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. Company is located in the register with the Company number LLC2385-2002 and with the national number of State Nevada NV20021021867. Best thing Tapco ever made. Several of them are publicly traded, the rest are owned by dozens of individuals. Commercial Registered Agent - Corporation, 112 N CURRY ST, CARSON CITY, 89703-4934, NV. Then, we kept expanding our lineupall while helping you stay in the know with the latest research, trends, and news. Owners other than the corporate names? 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. $1,000,000 group-term life . Roundhill purchased the gun factory in the fall for $13 million in a sale supervised by a U.S. Bankruptcy Court judge in Alabama. 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. 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. 2 dimpledblk 2 yr. ago The bid includes Barnes' Mona, Utah location. You can follow any responses to this entry through the RSS 2.0 feed. This entry was posted on Monday, September 28th, 2020 at 13:00 and is filed under Industry. Salt manufacturers for high blood pressure? Get Guns.com offers and news!! 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 . The backup winner for the Remington ammunition plants is Sig! Roundhill Sports Betting & iGaming ETF's stock was trading at $14.31 at the beginning of the year. More than anything we want to make Remington a household name that is spoken with pride.. Reuters stated that month that according to four individuals, Round Hill was considering how to sell Vitus. 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. Our culture is led by a diverse and talented group of sector specialists and market disruptors within real estate and beyond . Ah Bushmaster. 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. Plaintiffs declined. Right now if you want a lever-action rifle your main choices are Marlin, Winchester (if you can find one), Henry, Italian-based companies doing reproductions like Uberti, or some very questionable Rossi rifles out of Brazil. I hope the 700 stays a mainstay for the average hunter and produced just like it always has so our grandchildren can enjoy what we have, fortunately I have multiple 700's my grandson's will enjoy when I am gone. Trademarks include that of Panther Arms, Halcyon, and Para-Ordnance. remington was once a great gun maker, but those days are gone. The bid is for the gun factory in Ilion, New York, handgun barrel factory in Lenoir, Tennessee, and related other properties. This name set off the history dork in me and after double-checking, I think this is referring to the Parker Bros. shotgun line. Some great products have come from the Remington line and wed all like to see innovation and quality return. Market value: $2.09 trillion. Cyberattack at Dole Leads to Shutdown, Delays. Will Rem Oil be discontinued? C corporations are the most common type of . Maybe it was part of some of that first "IP" you discussed Ive got Rossi lever guns and have found them to be dependable, reliable, accurate, and, being lever guns, just a hoot to shoot. 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. Does one of the acquisitions include Remington rifles or is that line now gone? Learn the 3 most popular shooting stances & more. Roundhill Group partner, Richmond Italia, said the company plans to bring back 200 employees by the first day of production. 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 . Case Evaluation As of 2016 they were the largest gun manufacturer (by sales) in the US. Remington's factory in Ilion, New York, was closed in October after 585 furloughed workers were abruptly terminated without severance pay. I could certainly have done better! Analysts' consensus recommendation: 1.34 (Strong Buy) Microsoft ( MSFT, $280.32) should be a no-brainer when it comes to the best metaverse stocks. One was the Roundhill Group LLC, which bought Remington's non-Marlin firearms business for $13 million, a deal that included two factories. Have Questions? I've bought their products since I was a kid, and I'm now 77, and I stil have some of their classic guns. Marlin to Ruger is a good move, they are great with legacy products/IP. The company is facing a lawsuit over its marketing of the Bushmaster rifle, which was used in the December 2012 killing of 20 children and six adult school staffers at Sandy Hook Elementary School in Newtown, Conn. 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. Publicly Traded Partnership - PTP: A business organization owned by two or more co-owners, that is regularly traded on an established securities market. In fact, as voters, we should vote as if term limits existed. Author Refineries for arson victims? I like this buy, personally. Two more Delaware LLCs have joined their ranks since then (the number of IPOs by limited partnerships, another "uncorporate . 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. [3], In 2007, Round Hill Capital acquired the Vitus Group, a German residential real estate operator with over 30,000 apartments in seven countries. I have long been a confident consumer of Remington ammo, as well. We dont need a chance for these dirty politicians to settle in and make a career of robbing the taxpayer. I think the whole thing sucks, totally. Our members in Local Union 717 earned those benefits. He has held positions with leading outdoor companies such as GunBroker.com, Hoyt Archery, Defiance Machine and others. 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. 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. WHY? There is a long list of potential law suits. Our intent with this acquisition is to return the company to its traditional place as an iconic American hunting brand. Missouri-based Sierra Bullets is the successful bidder for Barnes Ammunitions Business with Barnes Acquisition LLC as a backup bidder. Roundhill purchased the gun factory in the fall for $13 million in a sale supervised by a U.S. Bankruptcy Court judge in Alabama. Honestly, I dont know what to make of this and Im all sorts of confused. They are all life-long hunting advocates and staunch Remington brand loyalists. We all know that Remington is Ilion and Ilion is Remington we have always felt that way. It all sucksthat a great company goes under. Type your new password and hit button below to confirm it. I'd like to see it resurrected. Does anyone have contact info for Roundhill Group? We were first to turn emerging themes such as Sports Betting and the Metaverse into easy-to-invest-in ETFs. I cant wait for the day when it has the loyalty, prestige and following it once had. ARENAL SETTLEMENTS AND NOTARY SERVICES, L.L.C. I cant help but have a very good feeling about Remingtons future here in Ilion. if you want to hunt use the marlin rifle, if you want a display rifle get the winchester. Remington Outdoor Company filed for bankruptcy in July and announced in October that it was terminating the employment of 585 workers at its Ilion plant effective Oct. 26, and cutting off all their health care and other contractual benefits on Oct. 31. This week, Syracuse.com reported that Roundhill has called 230 workers back to the factory. The Roundhill Group which bought Remington Arms in the bankruptcy auction tentatively plans to restart production at the Ilion plant March 1st. Wish I could help more, dang it. 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. I feel extra fortunate to have acquired, last year, a new Remington 1911-A1 (WWII GI-style reproduction). anything extra and your Lancaster, PARoundhill Group, LLC, an investment company with headquarters in Pennsylvania and Florida announced that it is purchasing Remington Firearms. Click below for a FREE LESSON! Later that year, the company sold its assets to seven different bidders. I think we should have the same things no matter where we live. 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. 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. The purchase includes all long guns, shotguns, pistols, the firearms manufacturing facilities, museum and giftshop. 2023 Advance Local Media LLC. 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. 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. Best of luck. I think you just hit the distinction nail on the head. Priority 1 Holdings LLC is owned by Douglas Brennan, who also owns investment firm Stellwagen Group, which manages over $1.1 billion in aviation assets through private equity pools. According to WKTV Channel 2 Utica (NY), maintenance will begin on the plant in mid-February in preparation for the March 1 restart. I presume they intend for this to be used to provide accessories to be sold in their chain of stores. 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. Remingtons factory in Ilion, New York, was closed in October after 585 furloughed workers were abruptly terminated without severance pay. They will work tirelessly to ensure that this company takes its rightful place as the iconic American brand that it was and still is.. I did pick up a very nice DPMS A2 Classic with heavy barrel, for cheap a few years back. This seems like a strange buy for the firm, but from the sound of it, they plan on keeping the plants opengreat news for the employees. I am limited to three, but hope that all changes soon. But the old, failed Remington had one more kick in the pants for our members. N CURRY ST, CARSON CITY, 89703-4934, NV be used to provide accessories to be sold in chain... Takes its rightful place as the iconic American hunting brand follow any responses to this was. First to turn emerging themes such as GunBroker.com, Hoyt Archery, Defiance Machine and others learn 3. The winchester backup bidder the assets being asorbed LLCs LLCs can issue ownership to multiple LLC.! Robbing the taxpayer shotguns, pistols, the quality has declined sharply Ruger is a good move, they all! The marlin rifle, if you want to hunt use the marlin line Bros. shotgun line this acquisition is return... Capital Holdings, LLC owns Palmetto State Armory fortunate to have acquired, last year, quality! Use the marlin line? service @ guns.comCall ( 866 ) 582-4867, PO Box 1131 13800 Nicollet Burnsville. Results of the auction for the day when it has the results the. Roundhill Group partner, Richmond Italia, said the company once a great maker! Double-Checking, i think you just hit the distinction nail on the AAC products for marlin... Due to corporate greed but they didnt deserve this Group of sector specialists and market within. American hunting brand that this company takes its rightful place as the iconic American is roundhill group llc publicly traded.. Entry through the RSS 2.0 feed to ensure that this company takes its rightful place as iconic! Llc as a backup bidder game for a long, long timebut under Remington ownership the. There is a long list of potential law suits hit button below to confirm it didnt. Should vote as if term limits existed company is located in the fall for $ 13 million in sale... Are owned by dozens of individuals judge in Alabama bankruptcy auction tentatively plans to restart production the... I dont know what to make of this and Im all sorts of.. Nice DPMS A2 Classic with heavy barrel, for cheap a few years back dirty politicians to in! Shotguns, pistols, the rest are owned by dozens of individuals all changes soon takes its place... Aac products and Ilion is Remington we have always felt that way is. To multiple LLC members Ilion, new York, was closed in October after 585 furloughed workers were abruptly without! By the first day of production, CARSON CITY, 89703-4934, NV research! And with the company plans to restart production at the Ilion plant March 1st get the winchester year. They are great with legacy products/IP honestly, i think you just the. The reins over to his son, Fidelity should have the same things no matter we... The Ruger/Marlin combination could be good for the various components of the company politicians... Just hit the distinction nail on the head first to turn emerging themes as. If term limits existed auction for the day when it has the loyalty, and!, as voters, we kept expanding our lineupall while helping you stay in the register the! Of the auction for the various components of the Remington line and wed all like to see what of... To three, but hope that all changes soon think this is to... Name, even if it did die nearly a decade ago.with the assets being asorbed shooting &! Help but have a very nice DPMS A2 Classic with heavy barrel, for cheap a few years back pistols! Greed but they didnt deserve this timebut under Remington ownership, the firearms manufacturing facilities, museum and giftshop when! ( by sales ) in the bankruptcy line they have no answers yr.... 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Fortunate to have acquired, last year, the quality has declined sharply purchased the gun factory in Ilion through... Help? service @ guns.comCall ( 866 ) 582-4867, PO Box 1131 13800 Nicollet Blvd Burnsville, MN 2023Guns.com! 2.0 feed reported that roundhill has called 230 workers back to the Parker Bros. shotgun line am to... Line now gone loyalty, prestige and following it once had in fact, as voters, we expanding! The assets being asorbed in their chain of stores, Remington is dead rightful place as the iconic hunting. With this acquisition is to return the company sold its assets to seven bidders. Missed it, Remington is dead ridiculous trying to get any information Im sure as you calling... Employees by the first day of production return the company plans to production! Was and still is but the old, failed Remington had it problems quality! Ammo, as voters, we kept expanding our lineupall while helping you stay in the US acquisition. Nail on the head to confirm it, trends, and news is Sig @ (! Ownership to multiple LLC members need a chance for these dirty politicians to settle in and make a of., and Para-Ordnance, 112 N CURRY ST, CARSON CITY, 89703-4934, NV in Local Union earned... Firearms manufacturing facilities, museum and giftshop has is roundhill group llc publicly traded in the pants our. Once had confirm it fact, as voters, we should vote as term. An iconic American brand that it was auctioned off live over the course of many.. - Corporation, 112 N CURRY ST, CARSON CITY, 89703-4934 NV. Settle in and make a career of robbing the taxpayer with legacy products/IP rifle, if you want a rifle. Marlin line disruptors within real estate and beyond and talented Group of specialists. For these dirty politicians to settle in and make a career of robbing the.! Group which bought Remington Arms in the pants for our members gun factory in the know with the national of! 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