The clan's net worth is estimated at $26 billion by Forbes magazine, making them the 9th-richest family in the United States. [2], It was founded in 2002 by Michael Bickford, a former Morgan Stanley Real Estate Funds professional. It would be really interesting to read from a BizAnalytics perspective. The firm's business model is alleged to be adding to Ireland's housing crisis. The purchase includes all long guns, shotguns, pistols, the firearms manufacturing facilities, museum and giftshop. Now the precedent has been set. You can follow any responses to this entry through the RSS 2.0 feed. Is this good? . This legal entity was firstly registered on 4th March 2002 under the legal form of Domestic Limited-Liability Company. Investment company Roundhill Group spent $13 million for the original Remington plant in Ilion, its museum, and steam power facility. Suppressor-maker AAC, likewise will go to JJE pending court approval. Guess the 35 Remington made in 1938, that I bought it in 1962 and my falling block 22 rifle model 4 made in 1913 now have a special place in the safe, As long as they make lot's more V3-TAC13's I'll be happy. I need my latching system replaced on my can, but I haven't been able to reach anyone. 25 Feb/23. Vote all the bums out of Washington. Learn all the important stuff about handgunswith none of the attitude. (, 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. Best of luck, sir. Thank god, Ruger got Marlin, now I can finally have enough confidence to buy a brand new Marlin! Have Questions? Everyone knows who Ruger is. This is an interesting buy. I was saving money to buy a new LAR Grizzly when Remington bought them out and would love to have a new version. 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. 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. In 2006 Remington brought back the Parker Gun for a hot minute as a publicity stunt. Will Rem Oil be discontinued? The plant suffered "pretty catastrophic" damage. restaurants in west covina mall restaurants in west covina mall (No Ratings Yet) . Our members in Local Union 717 earned those benefits. I've bought their products since I was a kid, and I'm now 77, and I stil have some of their classic guns. Subscribe to our emails. 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. Roundhill has said it hopes to hire back hundreds more workers as it ramps up firearms production in Ilion. Roundhill Group obtained their Federal Firearms License in early January. Roundhill Group Acquires Remington. The password should contain at least 8 characters with at least one number or special character. The firm has $512 billion in assets under management as of the latest quarterly report. Don't know hard to say. VIDEO 04:14 Blackstone CEO Steve. 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. If they think they can get away with this without a fight from the UMWA they had better think again. Once upon a time, Bushmaster made a solid line of AR-15s. Some great products have come from the Remington line and wed all like to see innovation and quality return. I strongly believe they would never support the AWB if it happened now. Marlin to Ruger is a good move, they are great with legacy products/IP. The limited liability company (LLC) is not only a widespread business form for non-listed firms but also is used by listed companies. 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 If one of these companies bought that line maybe they can bring them back to being excellent again. What does this mean for the warranty on the AAC products? Edwards, who no. Speaking of black rifles, Franklin Armory is listed as the successful bidder for the Bushmaster brand. If these bids are approved, Vista Outdoor will become an even larger player in the civilian ammunition market with the addition of Remingtons ammunition factory in Arkansas. Remingtons factory in Ilion, New York, was closed in October after 585 furloughed workers were abruptly terminated without severance pay. One was the Roundhill Group LLC, which bought Remingtons non-Marlin firearms business for $13 million, a deal that included two factories. Does anyone have contact info for Roundhill Group? As much as we might not like it, Remington has been in the gutter for years. I wonder if any company received the LAR Manufacturing rights and intellectual property? I presume they intend for this to be used to provide accessories to be sold in their chain of stores. It needs to start local first so start a petition in your home town. 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. To me this part is interesting also, but here are some brands that didnt win the auction. "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. I like this buy, personally. Reading up about them, I'm surprised they even entered this cat fight. 2023 Advance Local Media LLC. Find the latest stock market trends and activity today. 107. I'm 70 and the Remington line has been a part of my life since I was 8. This entry was posted on Monday, September 28th, 2020 at 13:00 and is filed under Industry. This commentary was provided by Jim Shepherd, This is all good news and all the things we keep hearing here in Ilion we have been waiting to hear for a long time. Any idea who has the parts for shotguns and rifles? The company ROUNDHILL GROUP, LLC is managed by 2 persons in total. Scuba Certification; Private Scuba Lessons; Scuba Refresher for Certified Divers; Try Scuba Diving; Enriched Air Diver (Nitrox) What happens now with the Connecticut lawsuit? Hopefully the winners will bring back some of the brands that have fallen by the way side, especially the H&R long guns. im glad ruger got the marlin brand, i have a marlin 30a model and i would put it better than winchester. 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 . Type your new password and hit button below to confirm it. Since then, BETZ stock has increased by 14.6% and is now trading at $16.40. First Crewed Hydrogen Flying Race Car Unveiled. The health care and other contractual benefits will end October 31. Maybe Tapco will be revived and well see some new G2 AK triggers. And I am still pissed that Bill Ruger was pro assault weapons ban back during the Clinton years, Ruger is still dead to me. Ive been there, and I sympathize. The Malta-based company became publicly traded in Sweden when it was spun out of Unibet in 2014. The purchase includes all long guns, shotguns, pistols, the firearms manufacturing facilities, museum, and gift shop. 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. as the Successful Bidder pursuant to the terms of the Asset Purchase Agreement attached hereto as Exhibit F with respect to the Barnes Ammunitions Business; and Barnes Acquisition LLC as the Backup Bidder thereto pursuant to the terms of the Asset Purchase Agreement attached hereto as Exhibit G with respect to the Barnes Ammunitions Business; Sturm, Ruger & Company, Inc. as the Successful Bidder pursuant to the terms of the Asset Purchase Agreement attached hereto as Exhibit H with respect to the Marlin Firearms Business; and Long Range Acquisition LLC as the Backup Bidder thereto pursuant to the terms of the Asset Purchase Agreement attached hereto as Exhibit I with respect to the Marlin Firearms Business; JJE Capital Holdings, LLC as the Successful Bidder with respect to the DPMS, H&R, Stormlake, AAC, and Parker brands; Franklin Armory Holdings, Inc., or its designated assignee, as the Successful Bidder with respect to the Bushmaster brand and certain related assets; and Sportsmans Warehouse, Inc. as the Successful Bidder with respect to the Tapco brand. Makers of single-shot rifles and shotguns. As much as I dislike many politicians, they can't be blamed for this. With this acquisition have come many industry questions and rumors. All rights reserved. Remington died when it was turned into a Holding Company and started buying up everything they could then gutting them. Several of them are publicly traded, the rest are owned by dozens of individuals. From the digging I did, they are a property investment firm out of Virginia. From what I can tell, they are almost exactly what they say they area firm that invests in real estate. I did pick up a very nice DPMS A2 Classic with heavy barrel, for cheap a few years back. They will work tirelessly to ensure that this company takes its rightful place as the iconic American brand that it was and still is. 2 dimpledblk 2 yr. ago I understand people need jobs to survive, he said. Nonetheless, they will be getting the non-Marlin firearms business which would include Remington itself and presumably Dakota Arms. Ugh! I have been happy of late because I did get my permit. Remington Arms Company, LLC manufactures small firearm products and parts. Weve built dozens of ARs and well cover all the best AR-15 upgrades such as handguards, triggers, BCGs, gas blocks, and more. Very sad for me but Hope still lives.thanks for the info! I like the ruger marlin deal. Again. 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 reopening comes a little more than a month after the union announced it had reached an agreement with Roundhill that recognizes the union as the hourly employees collective bargaining agent when they return to work, establishes a recall process for more former Remington workers to be called back, and sets up a 60-day timeframe for the parties to begin negotiating a full labor contract. Marlin has been in the lever-action game for a long, long timebut under Remington ownership, the quality has declined sharply. It's high-quality, shoots great and the deal I got was fantastic. Tapco never made outstanding products, but they werent bad either. "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. Notify me of follow-up comments by email. 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. ARENAL SETTLEMENTS AND NOTARY SERVICES, L.L.C. The price was well below the scarcity-highs that are currently typical. According to the report, Roundhill hopes to bring back hundreds more workers and continue to ramp up production in Ilion. Round Hill Capital LLC ( RHC) is a fully integrated real estate investment and management company founded in Delaware, United States of America. Some savvy metaverse visionaries and Roundhill Investments have registered a Metaverse ETF. roundhill group llc owns what companies Uncategorized September 20, 2021. This legal entity was firstly registered on 4th March 2002 under the legal form of Domestic Limited-Liability Company. My Jim Shepherd connection indicates there are plenty of folks in the same boat and nobody can get through to those responsible. But Im wary about this one. Is this bad? 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. See where Marlin, DPMS, Bushmaster, Tapco, and more ended up. Seems logical, but theres not a lot of logic in deals as complicated as this. Absolutely ridiculous trying to get any information Im sure as you have calling the bankruptcy line they have no answers. 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. Its decent ammo, its cheap, and it goes bang. 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