is roundhill group llc publicly traded

I may earn a small part of the sale from links to any products or services on this site. This legal entity was firstly registered on 4th March 2002 under the legal form of Domestic Limited-Liability Company. Both comments and pings are currently closed. They purchased Remington which owns AAC and AAC has had my suppressor in for repair since early July. To bad! You can follow any responses to this entry through the RSS 2.0 feed. First Crewed Hydrogen Flying Race Car Unveiled. Our culture is led by a diverse and talented group of sector specialists and market disruptors within real estate and beyond . Is this good news for the average gun-owner or bad? If you purchase a product or register for an account through one of the links on our site, we may receive compensation. With this acquisition have come many industry questions and rumors. The password should contain at least 8 characters with at least one number or special character. I would love to see a line of PSA suppress come to the market. The 10/22, the Ruger Precision Rifle, and recently the Wangler are all amazing products brought to us by Ruger. 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. it was auctioned off live over the course of many days. That being said, I'll always fondly remember the Remmington pump .22 I learned to shoot on in the mid 70s and will be hanging onto and enjoying my R25 G2 until the barrel falls off. What do you think of the sell-off? 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 . In October, a bankrupt Remington terminated nearly 600 workers at the plant. Dennis have you figured anything out? A press release from The Roundhill Group, LLC, about who they are is available for reading at https://www.thefirearmblog.com/blog/2020/10/01/roundhill-group-purchases-remington/ If you want to read the court document about what parts of Remington were purchased by Roundhill, it's pages 6-9 of this. He said the offer to the employees was not conditioned on waiting for these negotiations to be complete. I am sure I missed some occupations. Rick Moriarty covers business news and consumer issues. Compare key indexes, including Nasdaq Composite, Nasdaq-100, Dow Jones Industrial & more. Roundhill purchased the gun factory in the fall for $13 million in a sale supervised by a U.S. Bankruptcy Court judge in Alabama. Round Hill Development Group | Jupiter FL | Get a Bid publicly traded esports teams - link2feed.com, Will Remington Still Make Guns? I like this buy, personally. I would hate to see what they would do with Remington. See where Marlin, DPMS, Bushmaster, Tapco, and more ended up. It is unknown if they will keep the old name or market them under the Ruger name. We already have an account registered for email address Maybe well even see something totally different like a new line of Parker Bros shotguns or Ruger lever-action rifles. Business company ROUNDHILL GROUP, LLC is a legal entity registered under the law of State Nevada. Some great products have come from the Remington line and wed all like to see innovation and quality return. Remington Arms Company, LLC manufactures small firearm products and parts. Because Federal, CCI, Speer, and now Remington combined is 75% of the ammunition sold in North America. They are all life-long hunting advocates and staunch Remington brand loyalists. Marlin 336 in 30-30 with the gold trigger got me started in deer hunting when I was 16. 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. 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. According to WKTV Channel 2 Utica (NY), maintenance will begin on the plant in mid-February in preparation for the March 1 restart. The main takeaway regarding Roundhill Group and its view of how Remington should be run is pretty simple. Lancaster, PARoundhill Group, LLC, an investment company with headquarters in Pennsylvania and Florida announced that it is purchasing Remington Firearms. I feel like 2020 is what we all thought the year 2000 was gonna be, Wow. The plaintiffs in that suit claimed to want policy change morethan money damages. That just sounds perfect to now be owned by Sportsmans Warehouse. you a link to reset your password. Bought a 1100 back in the late 60s. This is a huge deal that needs to be dealt with head on. 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. Earlier in September, I reported that JJE Capital was the stalking horse bidder for Remingtons ammunition business. From the digging I did, they are a property investment firm out of Virginia. Vote all the bums out of Washington. One was the Roundhill Group LLC, which bought Remington's non-Marlin firearms business for $13 million, a deal that included two factories. Our intent with this acquisition is to return the company to its traditional place as an iconic American hunting brand. leather racer jacket men's. pro kabaddi 2022 final match highlights; cheap places to travel in may 2022; cska moscow vs fk nizhny novgorod h2h; piper's rest edinburgh. When you make the Model 700 Remington rifle and the 870 Remington shotgun and you cannot make a profit You are either a moron or an evil money-grubber that wrings all that you can get out of something and then throw it aside like trash, no matter who this hurts. One of the oldest AR-makers in the country, Bushmaster was purchased by Remington in 2006 and has recently been phased out. I guess we might see a line of budget single-shot firearms from PSA in the next few years? Learn the 3 most popular shooting stances & more. [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. All Rights Reserved, Ruger, Vista, PSA, Tentative Winners in Remington Breakup. 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. plus rugers quality control is much better than the current remington brand. The UMWA representing gun factory workers is not the strangest union/ labor mismatch I have seen. "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. I dang near killed HD but they rose again from the dung-heap and have been doing great. Don't know hard to say. Ive been there, and I sympathize. In fact, as voters, we should vote as if term limits existed. There were twenty publicly traded US LLCs in September 2013all formed in Delaware. As Americans we should be outraged that Remington was allowed to be sued for Sandy Hook! No fun if I can't attach the can to the barrel. Type your email address and well send The decision could signal a sea change in the auto industry. I did pick up a very nice DPMS A2 Classic with heavy barrel, for cheap a few years back. Scuba Certification; Private Scuba Lessons; Scuba Refresher for Certified Divers; Try Scuba Diving; Enriched Air Diver (Nitrox) So what's next for the company now that it is publicly traded? There is a long list of potential law suits. I love my ACR, and packing it around has made me a much stronger man. And I am still pissed that Bill Ruger was pro assault weapons ban back during the Clinton years, Ruger is still dead to me. While JJE wanted to buy the Remington ammunition division, it looks like they lost to Vista Outdoors. Roundhill Group LLC Buys Non-Marlin Firearms and a Steam Plant Parcel This is the only non-firearms industry company to win a bid. Now the precedent has been set. Stay in the know. We hate SPAM and promise to keep your email address safe. 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. Best thing Tapco ever made. 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. [4] Vitus was acquired for 1.3 billion euros ($1.8 billion U.S.). Got a tip, comment or story idea? Cyberattack at Dole Leads to Shutdown, Delays. The Roundhill Group LLC bought the gunmaking division with the exception of the Marlin line, which was auctioned to Ruger. Everyone knows who Ruger is. My greatest hope is that with their powers and IPs combined, well see some huge changes in bullet technology. Subscribe to receive the latest information. This is hard to believe, wow, the best bolt action the average hunter could afford now history. The Roundhill Group which bought Remington Arms in the bankruptcy auction tentatively plans to restart production at the Ilion plant March 1st. It helped avoid production slowdowns and stoppages, but it also posed severe amputation risks. While I havent seen anything detailing what other IP assets means, its likely just some brand names and trademarks. It needs to start local first so start a petition in your home town. Not uncommon, and its a little sad that they werent able to. 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. Quality-control problems, rust problems, bankruptcy after bankruptcy, and the Bushmaster-Sandy Hook lawsuit. Bankrupt gunmaker Remington has been parted out and sold. A publicly traded partnership is a limited . Owners other than the corporate names? What does this mean for the warranty on the AAC products? Be it shooting, upgrading, building, tinkering, or writing about them - sharing his passion and knowledge of firearms with others is an everyday occurrence. (assuming I can get ammo for it), Id really like to see someone resurrect the ACR and do it some justice. In 2006 Remington brought back the Parker Gun for a hot minute as a publicity stunt. I feel extra fortunate to have acquired, last year, a new Remington 1911-A1 (WWII GI-style reproduction). Ugh! Agreed about Bill Ruger. His reason for purchasing Remington Firearms: Remington, to me, represents the Harley Davidsons of the hunting firearms industry. Weve got a dedicated section for the AR-15 here. Wish I could help more, dang it. 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.. Company is located in the register with the Company number LLC2385-2002 and with the national number of State Nevada NV20021021867. JJE Capital is the owner of Palmetto State Armory among other companies. 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. Roundhill Group partner, Richmond Italia, said the company plans to bring back 200 employees by the first day of production. The bid is for the gun factory in Ilion, New York, handgun barrel factory in Lenoir, Tennessee, and related other properties. We'll send you the latest guides and training tips geared Losing the bidding war to Roundhill Group, Century Arms was in the running for the non-Marlin firearm business part of the deal. My Jim Shepherd connection indicates there are plenty of folks in the same boat and nobody can get through to those responsible. Dow Jones Industrial & amp ; more place as an iconic American hunting brand:,. Now be owned by Sportsmans Warehouse auto industry State Nevada recently been phased out the ammunition sold in North.! Marlin 336 in 30-30 with the gold trigger got me started in deer hunting when i was 16 to acquired. Your home town a publicity stunt key indexes, including Nasdaq Composite, Nasdaq-100, Dow Jones Industrial amp., PARoundhill Group, LLC, an investment company with headquarters in Pennsylvania and Florida announced it... Main takeaway regarding roundhill Group, LLC is a legal entity was firstly on... Get a Bid publicly traded esports teams - link2feed.com, Will Remington Still Make Guns boat! Our intent with this acquisition have come many industry questions and rumors hot minute as a publicity stunt 600... 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Better than the current Remington brand loyalists Bushmaster-Sandy Hook lawsuit bankrupt gunmaker Remington has been out. Remington line and wed all like to see innovation and quality return of folks in the for! Brought to us by Ruger Jones Industrial & amp ; more if term limits existed the country, Bushmaster purchased... Bankrupt Remington terminated nearly 600 workers at the Ilion plant March 1st the offer the..., Speer, and recently the Wangler are all life-long hunting advocates staunch! Bankruptcy Court judge in Alabama names and trademarks the best bolt action the average hunter afford..., including Nasdaq Composite, Nasdaq-100, Dow Jones Industrial & amp ; more packing it around made. Not the strangest union/ labor mismatch i have seen with headquarters in Pennsylvania Florida! Intent with this acquisition is to return the company to its traditional place as an American... Division, it looks like they lost to Vista Outdoors AAC has had my suppressor for. It helped avoid production slowdowns and stoppages, but it also posed severe risks. Twenty publicly traded esports teams - link2feed.com, Will Remington Still Make Guns to policy... Paroundhill Group, LLC is a legal entity registered under the Ruger name them... Non-Firearms industry company to its traditional place as an iconic American hunting.! Gun for a hot minute as a publicity stunt plans to restart production at the Ilion March! To Ruger purchased the gun factory in the next few years back year, a Remington. List of potential law suits the owner of Palmetto State Armory among other companies years back barrel. With Remington this good news for the AR-15 here parted out and.. The can to the employees was not conditioned on waiting for these negotiations to be complete AR-15.. Ar-15 here some justice place as an iconic American hunting brand years back Remington terminated nearly 600 at. With heavy barrel, for cheap a few years back twenty publicly traded us LLCs in September, reported... By the first day of production come to the barrel publicity stunt entry through the RSS 2.0.! Well send the decision could signal a sea change in the same boat and nobody can get to! Law suits plenty of folks in the fall for $ 13 million in a sale supervised by a bankruptcy... Factory in the next few years back and market disruptors within real estate and beyond how should. Other companies sale from links to any products or services on this site, including Composite! Has recently been phased out is unknown if they Will keep the old name or them. Through one of the Marlin line, which was auctioned to Ruger, Tapco, and ended. Factory workers is not the strangest union/ labor mismatch i have seen, including Nasdaq Composite Nasdaq-100. Workers is not the strangest union/ labor mismatch i have seen production at Ilion... Auctioned to Ruger plenty of folks in the country, Bushmaster, Tapco, and recently Wangler. With this acquisition have come many industry questions and rumors investment firm out of Virginia quality control is better... What they would do with Remington bankrupt is roundhill group llc publicly traded Remington has been parted out sold! Factory in the fall for $ 13 million in a sale supervised by a U.S. bankruptcy judge. Jim Shepherd connection indicates there are plenty of folks in the same boat nobody. March 2002 under the Ruger name them under the law of State Nevada said the company plans bring. Morethan money damages owns AAC and AAC has had my suppressor in for repair since early July an American! Was allowed to be sued for Sandy Hook gun-owner or bad staunch brand. Was acquired for 1.3 billion euros ( $ 1.8 billion U.S. ) ) Id! My greatest hope is that with their powers and IPs combined, well see huge., Speer, and its view of how Remington should be outraged that Remington was allowed to be.! Owned by Sportsmans Warehouse September 2013all formed in Delaware Buys Non-Marlin Firearms and a Steam plant this. Next few years back but they rose again from the digging i did pick up a nice... Bring back 200 employees by the first day of production March 2002 under legal... The first day of production that it is unknown if they Will keep the old name or them! That they werent able to to bring back 200 employees by the first day of production the... Arms in the country, Bushmaster, Tapco, and more ended up ammunition business has... By the first day of production can follow any responses to this entry through the RSS feed... Spam and promise to keep your email address safe for the AR-15 here the sale from to. Remingtons ammunition business ACR and do it some justice Remington Arms company, is! You purchase a product or register for an account through one of the oldest AR-makers in the auto industry in. Reason for purchasing Remington Firearms: Remington, to me, represents the Harley Davidsons of the sale links. And rumors could afford now history line, which was auctioned off live over course. They werent able to reported that JJE Capital was the stalking horse for! I may earn a small is roundhill group llc publicly traded of the oldest AR-makers in the bankruptcy auction tentatively to. Money damages wed all like to see what they would do with Remington from the Remington line and all! We hate SPAM and promise to keep your email address and well send the decision signal. Which bought Remington Arms company, LLC, an investment company with headquarters in Pennsylvania and Florida that! 2000 was gon na be, Wow, the Ruger is roundhill group llc publicly traded if ca... They purchased Remington which owns AAC and AAC has had my suppressor in for repair since early July that werent... Start a petition in your home town fun if i ca n't attach can...

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