Hopefully, this means well see even more handguns from PSA. Is the fate of Remington Arms a product of an outdated business model, mismanagement, labor union stress, over-regulation by federal, state and local government, bad marketing, or all of the above? Alas, all those deals are probably history. You do not pay I may earn a small part of the sale from links to any products or services on this site. Finally refused to even consider them regardless of the price. Marlin has been in the lever-action game for a long, long timebut under Remington ownership, the quality has declined sharply. It needs to start local first so start a petition in your home town. In an aside, there is a report that the lawsuit in Connecticut against Remington, Soto v. Remington, is still scheduled to go to trial in September. Roundhill Acquirers Deep Value ETF (DEEP) Stock Price, News, Quote & History - Yahoo Finance U.S. markets open in 6 hours 15 minutes S&P Futures 3,977.00 -11.00(-.28%) Dow Futures 32,836.00. Roundhill has said it hopes to hire back hundreds more workers as it ramps up firearms production in Ilion. The firm's business model is alleged to be adding to Ireland's housing crisis. The only thing I can think of for contact may be through a professional outdoor communicator named Jim Shepherd at info@theoutdoorwire.com. Our Team Will Hershey, CFA Remington ammo like their UMC line is about the only Remington product Ive bought in the last 10 years. 107. 2021 Nevada-register.com. Heinz Seeking Man Who Survived on Ketchup While Lost at Sea. The unions decidedly not happy. First Crewed Hydrogen Flying Race Car Unveiled. Edwards, who no. 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. Bushnell, RCBS, Hoppes #9, Federal, CCI, Speer, Blazer, M-Pro 7, Camelbak, and a dozen other brands all fall under the Vista banner. Publicly Traded Partnership - PTP: A business organization owned by two or more co-owners, that is regularly traded on an established securities market. I was saving money to buy a new LAR Grizzly when Remington bought them out and would love to have a new version. Roblox is still not profitable. As Americans we should be outraged that Remington was allowed to be sued for Sandy Hook! Losing the bidding war to Roundhill Group, Century Arms was in the running for the non-Marlin firearm business part of the deal. Big Green's Ilion, New York, manufacturing facilityalong with its barrel-making plant in Lenoir City, Tennesseehas been sold to Roundhill Group, LLC for $13 million. Our intent with this acquisition is to return the company to its traditional place as an iconic American hunting brand. He has held positions with leading outdoor companies such as GunBroker.com, Hoyt Archery, Defiance Machine and others. Maybe well even see something totally different like a new line of Parker Bros shotguns or Ruger lever-action rifles. 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Can u give names of Roundhill purchased the gun factory in the fall for $13 million in a sale supervised by a U.S. Bankruptcy Court judge in Alabama. Call Us: 561) 391-1900. Of anyone that could have bought Barnes, Im glad it was Sierra. The Roundhill Group LLC bought the gunmaking division with the exception of the Marlin. This once-great American brand was killed off by accountants and investors that cared only for the dollar and not the customer. 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. 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. Are they even a thing anymore? 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.. Plaintiffs declined. Subscribe to our emails. I dont know if PSA is building their own handgun barrels in-house for the PSA Dagger, but if they arent then this makes perfect sense to buy. The Roundhill Group which bought Remington Arms in the bankruptcy auction tentatively plans to restart production at the Ilion plant March 1st. DIH to Become Publicly Traded via Business Combination with Aurora Technology Acquisition Corp. (NASDAQ: ATAK). No fun if I can't attach the can to the barrel. Learn how to leverage transparent company data at scale. I'd like to see it resurrected. Vote all the bums out of Washington. It took 8 years for them to admit the problem then took court to get them to take responsibility. According to the report, Roundhill hopes to bring back hundreds more workers and continue to ramp up production in Ilion. Upon closing of the transaction, IonQ shares will trade on the NYSE under the symbol "IONQ" as the first publicly traded pure-play . Click below for a FREE LESSON! Contact him anytime: Email | Twitter | Facebook | 315-470-3148. The Wall Street Journal does bring up an interesting point in their report on the breakup of Remington into pieces. This legal entity was firstly registered on 4th March 2002 under the legal form of Domestic Limited-Liability Company. Remingtons previous owner filed for reorganization under Chapter 11 of U.S. Bankruptcy Code last year after suffering falling sales. And now we can add Remington Ammo to that list. What do you think of the sell-off? Two more Delaware LLCs have joined their ranks since then (the number of IPOs by limited partnerships, another "uncorporate . If we are able to come to terms and we do build a new facility, we will consolidate everything in New York, which will bring the company back to 800 to 1,000 employees, eventually.. Likewise, Sierra Bullets adding Barnes Bullets to their lineup makes sense. Much like DPMS, Bushmaster was basically stripped and sold for parts not long ago. We dont need a chance for these dirty politicians to settle in and make a career of robbing the taxpayer. If they think they can get away with this without a fight from the UMWA they had better think again. Which is why they've gone full in on things Bill Ruger shunned, such as the AR15. There were twenty publicly traded US LLCs in September 2013all formed in Delaware. This time for real. The plant suffered "pretty catastrophic" damage. Remington bought Parker Bros. in 1934, but it went defunct in 1942. 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 main takeaway regarding Roundhill Group and its view of how Remington should be run is pretty simple. I'm looking for a slug barrel or is there anything that will fit it.. 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. 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. Lanvin Group is a global luxury fashion group that owns the oldest operating French couture house Lanvin, Italian luxury shoemaker Sergio Rossi, Austrian skinwear specialist Wolford, iconic . 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. Generally they chose a local union who has a good reputation for doing what they say they will do. Some great products have come from the Remington line and wed all like to see innovation and quality return. With this acquisition have come many industry questions and rumors. [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. Round Hill Asset Management was founded in 1986 by Channing T. Lushbough. I will try and contact Jim Shepherd and see it he has any ideas. This name set off the history dork in me and after double-checking, I think this is referring to the Parker Bros. shotgun line. It was first reported by Dan Zimmerman at TTAG. The Remington Arms factory in Ilion has reopened.Gary Walts | syracuse.com. These will be subject to approval of the court in a hearing to be held on Tuesday, September 29th. The purchase includes all long guns, shotguns, pistols, the firearms manufacturing facilities, museum, and gift shop. [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. It wont be long. I would love to see a line of PSA suppress come to the market. Thank You Ron Schoonmaker ( Village Trustee ). 2 dimpledblk 2 yr. ago As of 2016 they were the largest gun manufacturer (by sales) in the US. Maybe Tapco will be revived and well see some new G2 AK triggers. The Unions hot because it says the companys collective bargaining agreement calls for it to pay severance and accrued vacation benefits. i'm very interested to see what comes of the Remington 870. But what does that mean going forward? Italia says the company is working with the state to increase jobs at the Ilion facility. Suppressor-maker AAC, likewise will go to JJE pending court approval. Remington had it problems with quality due to corporate greed but they didnt deserve this. Im not sure if that is the correct Roundhill as there are a number of companies by that name with various spellings. Check back to Guns.com for more information as it emerges. Will Rem Oil be discontinued? The bid is for the gun factory in Ilion, New York, handgun barrel factory in Lenoir, Tennessee, and related other properties. 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. What does this mean for the warranty on the AAC products? When I was there the motto was quantity not quality i knew when I was there this day was coming sooner than later. Round Hill Capital LLC - Company Profile and News - Bloomberg Markets Bloomberg Terminal Demo Request Bloomberg Connecting decision makers to a dynamic network of information, people and. It seems they also wanted to buy Marlin but lost to Sturm, Ruger & Co. After spending $170 million dollars to buy Savage last year, you got to wonder just how flush with cash they are to try and bid on Marlin now. I think the whole thing sucks, totally. A handgun barrel manufacturing brand. These brands names mean almost nothing anymore. Im told that the new owners, Roundhill Group, has the backing of the union going forward. While I havent seen anything detailing what other IP assets means, its likely just some brand names and trademarks. Remington's factory in Ilion, New York, was closed in October after 585 furloughed workers were abruptly terminated without severance pay. This is speculation on my part, but there are probably too many secured creditors that are owed too much to leave anything for an unliquidated, unsecured tort claim. Manufacture black synthetic stocks for Remington rifles ? 2023 Industrial Media, LLC. When people want representation, they contact many unions that represent others in their area. Its a match made in heaven if you ask me. They will work tirelessly to ensure that this company takes its rightful place as the iconic American brand that it was and still is. He has hunted all over the US and abroad. Sadly, Remington isnt what it once was. 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. Makes a lot of sense. 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. Commercial Registered Agent - Corporation, 112 N CURRY ST, CARSON CITY, 89703-4934, NV. Get Our Top Shooting Drills and Zeroing Targets ($47 value - but FREE for a limited time). Had to be total management failure, with a lack of a long term plan of recovery from earlier mistakes. Type your email address and well send Select what level shooter you are! 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. Be it shooting, upgrading, building, tinkering, or writing about them - sharing his passion and knowledge of firearms with others is an everyday occurrence. Owners other than the corporate names? Maybe Marlin could follow HD strategic climb out of the dung-heap strategy and do likewise. Roundhill Group, LLC, an investment company with headquarters in Pennsylvania and Florida, announced that it is purchasing Remington Firearms. IonQ ushers in the era of quantum computing, lists on public market to begin trading on NYSE under ticker "IONQ" today, October 1, 2021; IonQ received gross proceeds of $636 million from . From what I can tell, they are almost exactly what they say they area firm that invests in real estate. Then, we kept expanding our lineupall while helping you stay in the know with the latest research, trends, and news. Rick Moriarty covers business news and consumer issues. The health care and other contractual benefits will end October 31. The password should contain at least 8 characters with at least one number or special character. Rick Moriarty covers business news and consumer issues. The purchase includes all long guns, shotguns, pistols, the firearms manufacturing facilities, museum and giftshop. 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. The idea of them owning Marlin should be awesome news for all of us. - Market Realist. I've heard the 870 Remington is the sister of the 1871 H&R will they work with it. Took court to get them to take responsibility and gift shop only thing I can think for. 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