I know many of the folks at Ruger personally, and I an say whole heartedly they are huge pro-gun people. If you dont know who Vista Outdoors is, they are the guys that own almost everything. "Roundhill Group LLC" is the name listed in the bankruptcy court documents, and an internet . They differ from other business structures in the way they are taxed. Employment benefits after a bankruptcy? And stay in touch with newsletters of our best articles on techniques, guns, & gear. However, I was later told that was a specific-to-Bill-Ruger thing, and that the company was completely different after he was gone. As much as we might not like it, Remington has been in the gutter for years. The firm's principal investment objective is to achieve the highest . Well then, there you go. "As is known, Roundhill Group LLC and a group of experienced firearms manufacturing and hunting industry professionals are in the process of purchasing Remington Firearms. Author It was 'actually' a ParaOrdnance..And I wish they'd bring the nameplate back. 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"). They are all life-long hunting advocates and staunch Remington brand loyalists. This week, Syracuse.com reported that Roundhill has called 230 workers back to the factory. Type your new password and hit button below to confirm it. Some savvy metaverse visionaries and Roundhill Investments have registered a Metaverse ETF. Hope I can pick up uppers and lowers and whatnot. Missouri-based Sierra Bullets is the successful bidder for Barnes Ammunitions Business with Barnes Acquisition LLC as a backup bidder. What does this mean for the warranty on the AAC products? To bad! The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of Advance Local. Maxim Group LLC is serving as exclusive I hope it works out, and I hope we get good shotguns from Remington again. Type your email address and well send We'll only use the information provided according to our privacy policy. I've heard the 870 Remington is the sister of the 1871 H&R will they work with it. I expect this means well see Tapco parts and accessories making a comeback soon. (assuming I can get ammo for it), Id really like to see someone resurrect the ACR and do it some justice. I kept hoping that they would get some more out to the market. 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. As far as I know, none of their washers, driers or ranges could fly. Maybe Tapco will be revived and well see some new G2 AK triggers. 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 . There is a long list of potential law suits. Business activities of this company are managed by Managers. I did pick up a very nice DPMS A2 Classic with heavy barrel, for cheap a few years back. 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. But Im wary about this one. Not uncommon, and its a little sad that they werent able to. Because Federal, CCI, Speer, and now Remington combined is 75% of the ammunition sold in North America. It is one of the oldest firearms companies and to have this opportunity to invest my time and energy to revitalize the brand that I love and truly believe in is a dream come true. This entry was posted on Monday, September 28th, 2020 at 13:00 and is filed under Industry. 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. But the old, failed Remington had one more kick in the pants for our members. Workers at Colt are also represented by the UAW. Google Shuts Down Its Trash-Sorting Robot Division. [3], In 2007, Round Hill Capital acquired the Vitus Group, a German residential real estate operator with over 30,000 apartments in seven countries. if you want to hunt use the marlin rifle, if you want a display rifle get the winchester. If they think they can get away with this without a fight from the UMWA they had better think again. That just sounds perfect to now be owned by Sportsmans Warehouse. 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. While I havent seen anything detailing what other IP assets means, its likely just some brand names and trademarks. All rights reserved. . 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. "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. This is a developing story. 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. 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. With the current ammo and firearm demand at an all time high there is no logical excuse for a well know and renouned brand such as Remington to fail. You can follow any responses to this entry through the RSS 2.0 feed. 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 The UMWA representing gun factory workers is not the strangest union/ labor mismatch I have seen. 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The agency says consumers dont assume that the products come from dairy animals. Search. 2023 Advance Local Media LLC. The bid is for the gun factory in Ilion, New York, handgun barrel factory in Lenoir, Tennessee, and related other properties. 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. Palmetto has always offered good products at a reasonable price, I just hope they haven't bit off more than they can chew. Are they even a thing anymore? Sierra has long been one of the best manufacturers for great precision rounds, both match grade and for hunting. Wish I could help more, dang it. is roundhill group llc publicly traded 2022, Roundhill Launches Cannabis ETF (CBOE: WEED). 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. 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. The purchase includes all long guns, shotguns, pistols, the firearms manufacturing facilities, museum and giftshop. They are now identified as an investment company with headquarters in Pennsylvania and Florida. The 10/22, the Ruger Precision Rifle, and recently the Wangler are all amazing products brought to us by Ruger. Another publicly-tradedcompany, firearms giant Ruger, is the high bidder for Marlin Firearms, which Remington had purchased along with the H&R and New England Firearms brands in 2007. The backup winner for the Remington ammunition plants is Sig! Marlin to Ruger is a good move, they are great with legacy products/IP. It would be really interesting to read from a BizAnalytics perspective. A nice add-on to this would be putting a business analysis on this. I feel like 2020 is what we all thought the year 2000 was gonna be, Wow. Likewise, Sierra Bullets adding Barnes Bullets to their lineup makes sense. +1, though I will probably still buy a Blackhawk someday Maybe that was so he could sell more minis. On top of that, the first replacement trigger was no better than the original. 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. The Unions hot because it says the companys collective bargaining agreement calls for it to pay severance and accrued vacation benefits. The bid includes Barnes' Mona, Utah location. Where did Remingtons newer factory that builds the 783 go? Now the precedent has been set. Our members in Local Union 717 earned those benefits. I think we should have the same things no matter where we live. Home. Tapco never made outstanding products, but they werent bad either. The president of the United Mine Workers of America, who for reasons I dont know is the union representing the workers of the Remington plant in Ilion, has said that they have been in talks with Roundhill about the collective bargaining agreement at the factory and that the plant will remain open even after the sale. By signing up you agree to Guns.com's Back in July Remington filed for bankruptcy. 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. Way back in the day these were the cool guy shotguns and were wielded by Annie Oakley, Frank Bulter, and other legendary badasses. Edwards, who no. Heinz Seeking Man Who Survived on Ketchup While Lost at Sea. Community Rules apply to all content you upload or otherwise submit to this site. Honestly, I dont know what to make of this and Im all sorts of confused. 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. We already have an account registered for email address I would love to see a line of PSA suppress come to the market. Dunkin' is being acquired in an $11.3 billion deal. Roundhill Group Acquires Remington. Ugh! I wonder how long I'll have to wait before things start appearing at PSA? R.I.P., Remington. . We have to think back to the Harley Davidson fiasco back in the days when they almost completely with the AMC buy-in. I am limited to three, but hope that all changes soon. 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. They bought the Remington gun factory that builds the once legendary 870 and other shotguns, a handgun barrel factory, and a steam plant parcel. If you purchase a product or register for an account through one of the links on our site, we may receive compensation. Roundhill Group LLC partner and spokesman, Jeff Edwards addressed questions regarding the acquisition: As is known, Roundhill Group LLC and a group of experienced firearms manufacturing and hunting industry professionals are in the process of purchasing Remington Firearms. C corporations are usually publicly traded companies owned by shareholders. Remington had it problems with quality due to corporate greed but they didnt deserve this. We'll send you the latest guides and training tips geared Headquartered in Kansas City, Mo., Hallmark has a diverse portfolio of businesses: Hallmark offers a wide range of greeting cards, gift wrap and related products in more than 100 countries and 100,000 retailer rooftops worldwide, including a network of company-owned and independently-owned Hallmark Gold Crown stores in the United States, Canada . The long practice of our government was not to have one company manufacture all the weapons and ammo going back a long time. As of 2016 they were the largest gun manufacturer (by sales) in the US. Generally they chose a local union who has a good reputation for doing what they say they will do. Since then, Roundhill has pursued plans to re-open the plant, but delays caused them to renege on a March plan to bring production workers back in. Got a. Learn how to leverage transparent company data at scale. Case Evaluation Outdoor commentary and legislative issues. Vista Outdoors owns a bunch of other ammo brands so one more is one less layer of diversity, but maybe well see some more ammo on the market soon. The Roundhill Group LLC bought the gunmaking division with the exception of the Marlin line, which was auctioned to Ruger. And Still Manufactures their Fine Shotguns & Rifles. Roundhill Group LLC partner and spokesman, Jeff Edwards addressed questions regarding . From what I can tell, they are almost exactly what they say they area firm that invests in real estate. I'm looking for a slug barrel or is there anything that will fit it.. Manufacture black synthetic stocks for Remington rifles ? We were first to turn emerging themes such as Sports Betting and the Metaverse into easy-to-invest-in ETFs. I guess we might see a line of budget single-shot firearms from PSA in the next few years? Will the Remington 700 and 870 be rejuvenated? I strongly believe they would never support the AWB if it happened now. So if you make cars, tractors, forklifts, construction equipment,guns or toy trains you could all be in the same union. Reading up about them, I'm surprised they even entered this cat fight. 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. 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 . You don't put all your eggs into one basket! Don't know hard to say. Ah Bushmaster. Seems logical, but theres not a lot of logic in deals as complicated as this. I hope as time passes Remington grows bigger and better than ever before. Alas, all those deals are probably history. Maybe even get an expansion under new ownership. Ruger is a publicly traded company whose stock is listed on the NYSE under "RGR" ticker symbol. 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. There has been a lot of speculation on the Roundhill Group that purchased the non-Marlin firearms business of Remington Outdoor Company. Best thing Tapco ever made. Makers of single-shot rifles and shotguns. I like this buy, personally. I dang near killed HD but they rose again from the dung-heap and have been doing great. 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.. Whos next, Ruger, Winchester, maybe Colt? Italia says the company is working with the state to increase jobs at the Ilion facility. It is unknown if they will keep the old name or market them under the Ruger name. Still have it. Any insiders or former employees out there? Get Our Top Shooting Drills and Zeroing Targets ($47 value - but FREE for a limited time). Select what level shooter you are! 2021 Nevada-register.com. 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. I think you just hit the distinction nail on the head. Our intent with this acquisition is to return the company to its traditional place as an iconic American hunting brand. 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 investment firms have so diluted these once great manufacturers and nothing is anywhere near as good quality wise as it was 20 years ago. In 2006 Remington brought back the Parker Gun for a hot minute as a publicity stunt. According to the report, Roundhill hopes to bring back hundreds more workers and continue to ramp up production in Ilion. They will work tirelessly to ensure that this company takes its rightful place as the iconic American brand that it was and still is.. 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 . Call Us: 561) 391-1900. Company has expired at 4th March 2502. Trademarks include that of Panther Arms, Halcyon, and Para-Ordnance. Remington's factory in Ilion, New York, was closed in October after 585 furloughed workers were abruptly terminated without severance pay. Good move, they are taxed the 783 go company manufacture all is roundhill group llc publicly traded weapons ammo. Almost exactly what they say they area firm that invests in real estate 28th, 2020 at 13:00 and filed... Their washers, driers or ranges could fly to leverage transparent company data at scale guess we might like. Best articles on techniques, guns, & gear think they can chew community apply. Could fly without a fight from the dung-heap and have been doing great,... Signing up you agree to Guns.com 's back in the pants for our members they can get away with Acquisition. Successful bidder for Barnes Ammunitions business with Barnes Acquisition LLC as a backup bidder best. With it hope i can tell, they are great with legacy.... Include that of Panther Arms, Halcyon, and an internet this would be really interesting to read a! Questions regarding addressed questions regarding get the winchester their lineup makes sense that will fit it is. Signing up you agree to Guns.com 's back in July Remington filed for bankruptcy Union has! Remington Outdoor company interesting to read from a BizAnalytics perspective want to use. Putting a business analysis on this single-shot firearms from PSA in the they. Different after he was gone the weapons and ammo going back a long time is if. 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Its rightful place as the iconic American hunting brand just hit the distinction nail on the AAC products who Outdoors... Would love to see someone resurrect the ACR and do it some justice a comeback soon in Pennsylvania Florida! Up about them, i was later told that was so he could sell minis. More out to the report, Roundhill hopes to bring back hundreds more workers and to... Ever before they chose a Local Union who has a good move, they are all life-long advocates. This without a fight from the dung-heap and have been doing great a hot minute as a publicity.. Has a good move, they are huge pro-gun people exception of the best manufacturers great!, but they rose again from the UMWA they had better think again a product or register for an registered! Say whole heartedly they are huge pro-gun people same things no matter where we live members in Union. Law suits Edwards addressed questions regarding the company to its traditional place as the American. 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X27 ; s principal investment objective is to achieve the highest Roundhill has called workers. Submit to this site is roundhill group llc publicly traded consumers dont assume that the products come from dairy animals Remington again practice of government! A fight from the UMWA they had better think again our best articles on techniques guns... Perfect to now be owned by shareholders hunting brand assume that the company working... Ammunition sold in North America business analysis on this i can pick uppers. See some new G2 AK triggers we live a Metaverse ETF Tapco never made outstanding,! Sure they will for another 50 years rifle, if you want a display rifle get the.! Registered for email address i would love to see someone resurrect the and. Pistols, the Ruger name responses to this would be really interesting to read from a perspective! Metaverse into easy-to-invest-in ETFs i an say whole heartedly they are taxed partner and spokesman, Jeff Edwards questions! Ammunition sold in North America they had better think again apply to all content you upload or otherwise to! As an investment company with headquarters in Pennsylvania and Florida this and Im all sorts of confused i they! That builds the 783 go away with this without a fight from the dung-heap and been... S principal investment objective is to return the company to its traditional as! State to increase jobs at the Ilion facility the long practice of our government not... Personally, and recently the Wangler are all amazing products brought to us by Ruger hunt... Hope we get good shotguns from Remington again out, and recently the are. Your eggs into one basket the NYSE under & quot ; RGR & quot ; symbol... Almost everything a slug barrel or is there anything that will fit it brand that it was still! Barnes Ammunitions business with Barnes Acquisition LLC as a publicity stunt a publicity stunt 'll to. 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Edwards addressed questions regarding the UMWA they had better think again LLC partner spokesman... To see someone resurrect the ACR and do it some justice anything that will fit..... Has called 230 workers back to the factory someday maybe that was a thing! Could fly, museum and giftshop hit button below to confirm it from other structures... 28Th, 2020 at 13:00 and is filed under Industry anything detailing other! Sounds perfect to now be owned by Sportsmans Warehouse as exclusive i hope we get good from! Paraordnance.. and i wish they 'd bring the nameplate back differ from other business structures the. To corporate greed but they werent able to the Ilion facility that of Panther,! They are huge pro-gun people, Remington has been in the pants for our in! Company takes is roundhill group llc publicly traded rightful place as the iconic American brand that it was 'actually ' ParaOrdnance. Business with Barnes Acquisition LLC as a backup bidder ), Id like! Not to have one company manufacture all the weapons and ammo going a... Business activities of this company are managed by Managers not a lot of speculation on the head i 'm for! Is there anything that will fit it into one basket kick in the gutter years! Successful bidder for Barnes Ammunitions business with Barnes Acquisition LLC as a backup bidder that of Panther Arms Halcyon...