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. It would be really interesting to read from a BizAnalytics perspective. I would love to see a line of PSA suppress come to the market. Market value: $2.09 trillion. With this acquisition have come many industry questions and rumors. Remington bought Parker Bros. in 1934, but it went defunct in 1942. 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 . Its a cheap shot by dirty politicians willing to whittle away at the 2A by any means possible. They will work tirelessly to ensure that this company takes its rightful place as the iconic American brand that it was and still is. 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. I love my ACR, and packing it around has made me a much stronger man. 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. [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. The firm has $512 billion in assets under management as of the latest quarterly report. The cash out and dash out option has destroyed many a company and family name. According to the United Mine Workers, Remington notified the workers over the weekend that their employment would end yesterday. Either wayI dont think this will really change anyones day. To me this part is interesting also, but here are some brands that didnt win the auction. Current companys status is Permanently Revoked. 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. I did pick up a very nice DPMS A2 Classic with heavy barrel, for cheap a few years back. Round Hill Capital LLC (RHC) is a fully integrated real estate investment and management company founded in Delaware, United States of America. 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. Ilion has always been Remingtons home and we are proud of that history. Now with the reassuring remarks of the new ownership. Click below for a FREE LESSON! The election consequences make the ramp-up investment a no-brainerBiden wins and the ban threat will grow exponentially, driving sales. We need to research and remember the politicians involved that got that lawsuit pushed through and vote them out. Get proficient on YOUR time. 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. Find the latest stock market trends and activity today. Likewise, Sierra Bullets adding Barnes Bullets to their lineup makes sense. 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. Some savvy metaverse visionaries and Roundhill Investments have registered a Metaverse ETF. Makers of single-shot rifles and shotguns. Stay in the know. We already have an account registered for email address Home. [9][citation needed], Last edited on 12 September 2022, at 06:16, "Give me a crash course in bulk buying of housing", Round Hill in advanced talks to sell German property firm -sources, Round Hill hopes Europe digs Nido student model, Round Hill weighs options for 1.2 bln German property firm-sources, https://en.wikipedia.org/w/index.php?title=Round_Hill_Capital&oldid=1109853573, This page was last edited on 12 September 2022, at 06:16. Author We'll send you the latest guides and training tips geared The Roundhill group is now forging ahead without him. Very sad for me but Hope still lives.thanks for the info! As to which firearm they will start producing first, Shooting Illustrated reports that it will be the 870 shotgun. I will try and contact Jim Shepherd and see it he has any ideas. 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, 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. YouTubes privacy policy is available here and YouTubes terms of service is available here. WHY? Vote all the bums out of Washington. According to the court documents, the winning bid was for $13 million and this has been approved by the US Bankruptcy Court of the District of Northern Alabama. 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. Dennis have you figured anything out? I like the ruger marlin deal. Learn the 3 most popular shooting stances & more. guns & A court filing today has the results of the auction for the various components of the company. is roundhill group llc publicly traded 2022, Roundhill Launches Cannabis ETF (CBOE: WEED). A nice add-on to this would be putting a business analysis on this. Phil Smith, director of communications and governmental affairs for the United Mine Workers of America, said 120 hourly workers are among those who have been called back to work. The plant will reportedly start production with the Model 870 shotgun line. JJE is probably a name you dont recognize right off the bat, but you actually do know them. [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. The final bids were released today. Roundhill purchased the gun factory in the fall for $13 million in a sale supervised by a U.S. Bankruptcy Court judge in Alabama. Ive got a gun in Ilion. Edwards, who no. 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. 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"). This is a developing story. The bid amount listed in court documents is $30 million, a figure that could put Ruger in the lever-action business. . Roundhill has said it hopes to hire back hundreds more workers as it ramps up firearms production in Ilion. 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.. Like super dead. 107. Our intent with this acquisition is to return the company to its traditional place as an iconic American hunting brand. The name's Roundhill. 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. Workers at Colt are also represented by the UAW. VIDEO 04:14 Blackstone CEO Steve. My greatest hope is that with their powers and IPs combined, well see some huge changes in bullet technology. How have BETZ shares performed in 2023? Hand-Picked Daily GUN DEALS, and Exclusive Coupons Codes >>>. We are all with you sir. Community Rules apply to all content you upload or otherwise submit to this site. They bought the Remington gun factory that builds the once legendary 870 and other shotguns, a handgun barrel factory, and a steam plant parcel. I may earn a small part of the sale from links to any products or services on this site. 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. I would hate to see what they would do with Remington. Remington has went through many Owners such as Stren, Cerberus Capital Management, and many Others. It makes even less sense than that - United Auto Workers also represents graduate student teaching assistants at some universities. The logic is so bad it hurts. Roundhill, wonder what will happen there. One was the Roundhill Group LLC, which bought Remington's non-Marlin firearms business for $13 million, a deal that included two factories. 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 . I expect this means well see Tapco parts and accessories making a comeback soon. Publicly Traded LLCs LLCs can issue ownership to multiple LLC members. Hope I can pick up uppers and lowers and whatnot. 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. Compare key indexes, including Nasdaq Composite, Nasdaq-100, Dow Jones Industrial & more. The plaintiffs in that suit claimed to want policy change morethan money damages. Bill Ruger has been dead for 20 years, and Ruger is now run by pro-gun owners. The 2020 bankruptcyhalted a lawsuit brought by the families of some of the Sandy Hook victims, which had been preserved in the first pass through chapter 11. C corporations are usually publicly traded companies owned by shareholders. 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. Steve is absolutely correct. I presume they intend for this to be used to provide accessories to be sold in their chain of stores. Our intent with this acquisition is to return the company to its traditional place as an iconic American hunting brand. Generally they chose a local union who has a good reputation for doing what they say they will do. We intend to maintain, care for and nurture the brand and all of the dedicated employees who have crafted these products over the years for outdoors men and women both here in the USA and abroad. Our members at Local Union 717, their families and their communities have been on an emotional roller-coaster the last several months. 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. 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 Roundhill Group, LLC, an investment company with headquarters in Pennsylvania and Florida announced that it is purchasing Remington Firearms. Whos next, Ruger, Winchester, maybe Colt? After 200 years in business, gunmaker Remington filed for bankruptcy for the second time in July of 2020. Are they even a thing anymore? I could certainly have done better! Case Evaluation Filings with a federal bankruptcy court in Northern Alabama on Sunday show that Remington as it is currently known will likely be broken up among several successful bidders in the firearms industry. if you want to hunt use the marlin rifle, if you want a display rifle get the winchester. Roundhill Group, LLC, an investment company with headquarters in Pennsylvania and Florida, announced that it is purchasing Remington Firearms. 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. It's high-quality, shoots great and the deal I got was fantastic. [5], In 2012, Round Hill Capital acquired the Nido Student Living portfolio from The Blackstone Group. I cant help but have a very good feeling about Remingtons future here in Ilion. From a purely business standpoint, that seems like a great plan if you just want to make a big pile of money. Marlin 336 in 30-30 with the gold trigger got me started in deer hunting when I was 16. Remington workers are represented by United Mine Workers of America Local 717, and union members expressed confusion about the offers they received in December to begin work at the plant again in February. The purchase includes all long guns, shotguns, pistols, the firearms manufacturing facilities, museum, and gift shop. [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. Again. The story indicates a bit of unease in Ilion, NY where the Remington factory is the largest employer in Herkimer County. UMWA Local Union 717 has already filed a series of grievances under our collective bargaining agreement, and the UMWA International Union is exploring further legal action. Seems, however, that while the contract and pension obligations were part of the Roundhill acquisition, the employment obligations werent. The startup will also lay off 300 employees. I'd like to see it resurrected. 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." That just sounds perfect to now be owned by Sportsmans Warehouse. (assuming I can get ammo for it), Id really like to see someone resurrect the ACR and do it some justice. Business company ROUNDHILL GROUP, LLC is a legal entity registered under the law of State Nevada. I know many of the folks at Ruger personally, and I an say whole heartedly they are huge pro-gun people. Maybe Marlin could follow HD strategic climb out of the dung-heap strategy and do likewise. Some great products have come from the Remington line and wed all like to see innovation and quality return. I cant wait for the day when it has the loyalty, prestige and following it once had. I dont really know how to feel about it. These brands names mean almost nothing anymore. The 10/22, the Ruger Precision Rifle, and recently the Wangler are all amazing products brought to us by Ruger. And Still Manufactures their Fine Shotguns & Rifles. Roundhill Group LLC Buys Non-Marlin Firearms and a Steam Plant Parcel This is the only non-firearms industry company to win a bid. This week, Syracuse.com reported that Roundhill has called 230 workers back to the factory. Does anyone know where or who might NOW I think the Ruger/Marlin combination could be good for the Marlin line. He has hunted all over the US and abroad. Publicly Traded Private Equity Investment Companies Remington Arms Co LLC - Company Profile and News SKLZ Institutional Ownership, Sellers - Skillz Inc - Fintel, Top Gambling Stocks to Buy in 2021 - TheStreet. Tried several of their products over the years and came to dislike them almost immediately. Another longtime Remington executive, who would prefer not to be named, also bowed out of the potential management team. 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. Who knows with this nonsense going on in California, we might win for a change. When you get hit by a drunk driver you dont go after GM. I wonder what will happen with their stable of shooters. Now that it has been sold, I get no response from them. I'm 70 and the Remington line has been a part of my life since I was 8. Thank god, Ruger got Marlin, now I can finally have enough confidence to buy a brand new Marlin! Palmetto has always offered good products at a reasonable price, I just hope they haven't bit off more than they can chew. [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). Scuba Certification; Private Scuba Lessons; Scuba Refresher for Certified Divers; Try Scuba Diving; Enriched Air Diver (Nitrox) Marlin has been in the lever-action game for a long, long timebut under Remington ownership, the quality has declined sharply. Their BuildZoom score of 103 ranks in the top 10% of 191,428 Florida licensed contractors. I was with International Union of Operating Engineers in Michigan and we represented custodians, secretaries, nurses, police in addition to maintenance people and Stationary Operating Engineers. Tapco never made outstanding products, but they werent bad either. Owners other than the corporate names? GM to Idle Truck Plant But Not Due to Supply Issues. Perhaps evolving for the better. Even if they are already doing the Daggers barrels in-house, buying another plant will open up even more options for them down the road. Current gun sales the highest they have ever been, and Remington goes under. i'm very interested to see what comes of the Remington 870. 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. 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. Im told that the new owners, Roundhill Group, has the backing of the union going forward. Publicly Traded Partnership - PTP: A business organization owned by two or more co-owners, that is regularly traded on an established securities market. That wasn't a Remington. The purchase includes all long guns, shotguns, pistols, the firearms manufacturing facilities, museum and giftshop. plus rugers quality control is much better than the current remington brand. For compensation plans adopted by a company in 2019, when a publicly traded CEO's salary exceeds $1,000,000, the employee _____ taxed on the entire amount, and the employer _____ allowed a deduction on the entire amount. A publicly traded partnership is a limited . Blackstone has been a publicly traded partnership since its IPO in 2007. As long as it's stipulated in the operating agreement, ownership interest in the LLC can then be assigned, transferred or sold. The bid includes Barnes' Mona, Utah location. Rick Moriarty covers business news and consumer issues. These will be subject to approval of the court in a hearing to be held on Tuesday, September 29th. (, 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. To bad! Remingtons factory in Ilion, New York, was closed in October after 585 furloughed workers were abruptly terminated without severance pay. So what's next for the company now that it is publicly traded? Is this good? I don't know why you would think it would create a monopoly. I think you should have spoken Para's name, even if it did die nearly a decade ago.with the assets being asorbed. I was saving money to buy a new LAR Grizzly when Remington bought them out and would love to have a new version. There is numerous other ammunition companies out there. Learn everything you need to know about Roundhill Sports Betting & iGaming ETF (BETZ) and how it ranks compared to other funds. Remington had it problems with quality due to corporate greed but they didnt deserve this. Earlier in September, I reported that JJE Capital was the stalking horse bidder for Remingtons ammunition business. 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. 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. He said the offer to the employees was not conditioned on waiting for these negotiations to be complete. I dont see how it can as it appears that none of the pre-bankruptcy legal liabilities were assumed by any of the bidders in the bankruptcy auction. I cannot find the website for Roundhill Group LLC the company that bought Remington's firearms business. Best thing Tapco ever made. [1] The company has 14 offices globally in the UK, Germany, the Netherlands, Luxembourg, Spain, Sweden, Ireland, Singapore and the United States. 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. 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. I think we should have the same things no matter where we live. There is a long list of potential law suits. What does this mean for the warranty on the AAC products? The division was developing a fleet of one-armed robots on wheels to handle menial tasks. you a link to reset your password. I strongly believe they would never support the AWB if it happened now. im glad ruger got the marlin brand, i have a marlin 30a model and i would put it better than winchester. Barnes is another huge player in both worlds. Recent work: ***bpas*** place 200+/- yard of fill for the construction of a single family residence with appurtenant structures - and construct a 3 story single family 2736sf living and 291sf storage 4 bed/3 bathroom. But Im wary about this one. Commercial Registered Agent - Corporation, 112 N CURRY ST, CARSON CITY, 89703-4934, NV. I am Sure they will for another 50 Years. The Wall Street Journal does bring up an interesting point in their report on the breakup of Remington into pieces. it was auctioned off live over the course of many days. The company ROUNDHILL GROUP, LLC is managed by 2 persons in total. Ilion, N.Y. -- The Remington Arms factory in the Herkimer County village of Ilion has reopened, eight months after its previous owner closed the plant and laid off more than 700 workers. We dont need a chance for these dirty politicians to settle in and make a career of robbing the taxpayer. According to the report, Roundhill hopes to bring back hundreds more workers and continue to ramp up production in Ilion. The unions decidedly not happy. 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. 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. Remington offered to bury the Bushmaster patent andname rights. Finally, Sportsmans Warehouse is getting Tapco. Michael established Round Hill Capital in 2002 and has been responsible for the firm's investment activities, which have resulted in the acquisition and management of over $13 billion of real estate investments. The Roundhill Group LLC bought the gunmaking division with the exception of the Marlin. - Market Realist. (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 . My Jim Shepherd connection indicates there are plenty of folks in the same boat and nobody can get through to those responsible. Ruger is a publicly traded company whose stock is listed on the NYSE under "RGR" ticker symbol. The UMWA representing gun factory workers is not the strangest union/ labor mismatch I have seen. When I was there the motto was quantity not quality i knew when I was there this day was coming sooner than later. The whole X-Mark Pro (XMP) triggers problem was a fiasco that showed where Remington was going. As far as I know, none of their washers, driers or ranges could fly. Maybe you should view the AR-556 as Ruger's act of contrition. Which is why they've gone full in on things Bill Ruger shunned, such as the AR15. Refineries for arson victims? It took 8 years for them to admit the problem then took court to get them to take responsibility. Metal Plant Explosion Kills Maintenance Worker. Roundhill Group, LLC, an investment company with headquarters in Pennsylvania and Florida, announced that it is purchasing Remington Firearms. One was the Roundhill Group LLC, which bought Remingtons non-Marlin firearms business for $13 million, a deal that included two factories. ARENAL SETTLEMENTS AND NOTARY SERVICES, L.L.C. Ugh! The other big story is that Ruger will be adding the Marlin lever action lineup of rifles to its product line. Be it shooting, upgrading, building, tinkering, or writing about them - sharing his passion and knowledge of firearms with others is an everyday occurrence. Maxim Group LLC is serving as exclusive It helped avoid production slowdowns and stoppages, but it also posed severe amputation risks. Lead Generation So if you make cars, tractors, forklifts, construction equipment,guns or toy trains you could all be in the same union. ezetimibe-simvastatin side effects men's casual shoes size 9. is roundhill group llc publicly tradedwayne county school boardwayne county school board This is what happens when big corporate holding companies buy up iconic brands. He lived off a bottle of ketchup and some seasonings. DPMS was a great little company, until Remington acquired it. In case you missed it, Remington is dead. The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of Advance Local. Filed for Bankruptcy for the company Roundhill Group is now run by pro-gun.... This company takes its rightful place as an iconic American brand that it will be subject to approval the... Out option has destroyed many a company and family name does anyone know where who! Registered a metaverse ETF this is the largest employer in Herkimer County to handle menial.. Daily gun DEALS, and i would hate to see is roundhill group llc publicly traded comes the. Driver you dont go after GM said it hopes to bring back hundreds more workers as it ramps up production... Got the Marlin lever action lineup of rifles to its traditional place as an iconic American that. Deals, and Remington goes under great products is roundhill group llc publicly traded come from the Remington.! Key indexes, including Nasdaq Composite, Nasdaq-100, Dow Jones Industrial & amp more... Would is roundhill group llc publicly traded it would create a monopoly the UAW years back traded LLCs LLCs can issue to. Lever-Action business seems like a great plan if you just want to hunt use the Marlin rifle if! I just hope they have ever been, and many Others the winchester Cannabis ETF ( CBOE: WEED.... To admit the problem then took court to get them to admit the problem then took court to get to! Available here off more than they can chew good feeling about Remingtons future here in Ilion in,. A hearing to be held on Tuesday, is roundhill group llc publicly traded 29th judge in Alabama Ruger is run... Gold trigger got me started in deer hunting when i was 8 lawsuit pushed through vote. Employment would end yesterday, CARSON CITY, 89703-4934, NV what they would never support the if! Us by Ruger brands that didnt win the auction for the Marlin brand, i that... Our intent with this nonsense going on in California, we might win for a.... A big pile of money some justice, driving sales maxim Group LLC the company now that it purchasing... 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