Rick Moriarty covers business news and consumer issues. 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. . Franklin Armory getting Bushmaster will be a good fit for them. [5], In 2012, Round Hill Capital acquired the Nido Student Living portfolio from The Blackstone Group. I know Remlin took a while to get the Marlin line up and running with some better products finally coming out but significant damage to the brand was already done with the first shoddy products. From a purely business standpoint, that seems like a great plan if you just want to make a big pile of money. I am curious to see how things play out. Our intent with this acquisition is to return the company to its traditional place as an iconic American hunting brand. Makers of single-shot rifles and shotguns. Maybe Marlin could follow HD strategic climb out of the dung-heap strategy and do likewise. Type your new password and hit button below to confirm it. That just sounds perfect to now be owned by Sportsmans Warehouse. This is an interesting buy. 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. In fact, as voters, we should vote as if term limits existed. However, I suspect the lawyers and plaintiffs in the lawsuit will get nothing from the bankruptcy sale. 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. Best of luck, sir. I wonder how long I'll have to wait before things start appearing at PSA? The final bids were released today. The mission of san diego zoo global is to save species worldwide by uniting expertise in animal care and conservation science with dedication to inspiring . Our intent with this acquisition is to return the company to its traditional place as an iconic American hunting brand. I think the whole thing sucks, totally. 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. 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. Maybe Tapco will be revived and well see some new G2 AK triggers. The password should contain at least 8 characters with at least one number or special character. JJE is probably a name you dont recognize right off the bat, but you actually do know them. Black HIlls, Sig, Hornady, and similar are tiny fractions of the actual market. This legal entity was firstly registered on 4th March 2002 under the legal form of Domestic Limited-Liability Company. (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 . You can follow any responses to this entry through the RSS 2.0 feed. 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. A new video series from Manufacturing.net - Security Breach, looks to offer the insight and tools needed to ready your company's defenses. I think the Ruger/Marlin combination could be good for the Marlin line. Learn the 3 most popular shooting stances & more. Nobody has the answer about how to contact Remington but Jim Shepherd has this to say: It seems the unfortunate gun owners who trusted that their work would be done- or their guns returned- will need to reach out to their local law enforcement officials to file stolen gun reports. 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. This is the only non-firearms industry company to win a bid. From the Notice filed with the Bankruptcy Court today: Vista Outdoor, Inc. as the Successful Bidder pursuant to the terms of the Asset Purchase Agreement attached hereto as Exhibit A with respect to the Lonoke Ammunitions Business and certain IP assets; and SIG Sauer, Inc. as the Backup Bidder thereto pursuant to the terms of the Asset Purchase Agreement attached hereto as Exhibit B with respect to the Lonoke Ammunitions Business; 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 respect to certain Firearms Business IP assets and Exhibit E with respect to certain non-Marlin Firearms Business inventory, respectively; Sierra Bullets, L.L.C. Several of them are publicly traded, the rest are owned by dozens of individuals. I kept hoping that they would get some more out to the market. 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. 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. Edwards, who no. The decision could signal a sea change in the auto industry. According to the United Mine Workers, Remington notified the workers over the weekend that their employment would end yesterday. The clan's net worth is estimated at $26 billion by Forbes magazine, making them the 9th-richest family in the United States. Where can I get a barrel for the H&R 1871 New England Pardner 12 gauge pump shotgun. Remingtons previous owner filed for reorganization under Chapter 11 of U.S. Bankruptcy Code last year after suffering falling sales. I wasn't happy with Ruger for a long time because of that. Hand-Picked Daily GUN DEALS, and Exclusive Coupons Codes >>>. The Roundhill Group which bought Remington Arms in the bankruptcy auction tentatively plans to restart production at the Ilion plant March 1st. Another longtime Remington executive, who would prefer not to be named, also bowed out of the potential management team. Now maybe they were just in it to see if they could get something on the cheap or to drive the price up for the competition, but its interesting either way. All rights reserved. Hopefully this new company continues to make them. Remington bought LAR Manufacturing, producer of the LAR Grizzly .45 Win Magnum pistol, and then promptly shut them down. Reuters stated that month that according to four individuals, Round Hill was considering how to sell Vitus. The purchase includes all long guns, shotguns, pistols, the firearms manufacturing facilities, museum, and gift shop. The whole X-Mark Pro (XMP) triggers problem was a fiasco that showed where Remington was going. [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. Publicly Traded LLCs LLCs can issue ownership to multiple LLC members. Business activities of this company are managed by Managers. Term limits for every politician and judge no more than two terms just like the president. Scuba Certification; Private Scuba Lessons; Scuba Refresher for Certified Divers; Try Scuba Diving; Enriched Air Diver (Nitrox) 2023 Advance Local Media LLC. Select what level shooter you are! Like super dead. With this acquisition have come many industry questions and rumors. Workers at Colt are also represented by the UAW. Apollo Education Group, the publicly traded owner of the University of Phoenix, Western International University and College for Financial Planning, said Wednesday it completed a deal to be taken . Weve built dozens of ARs and well cover all the best AR-15 upgrades such as handguards, triggers, BCGs, gas blocks, and more. 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. you a link to reset your password. 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. And we've been opening new pathways to investors since 2018. Now that it has been sold, I get no response from them. 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. I feel extra fortunate to have acquired, last year, a new Remington 1911-A1 (WWII GI-style reproduction). The company ROUNDHILL GROUP, LLC is managed by 2 persons in total. 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. guns & "Roundhill Group LLC" is the name listed in the bankruptcy court documents, and an internet . 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. Wish I could help more, dang it. 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. You'll now receive newsletters of our best articles on techniques, As far as the Roundhill Group running the Remington line - this could go either way. As usual though, once the owners and executives sniff out a leak in the hull, it's every rat for themselves. Notify me of follow-up comments by email. Credential stuffing, authentication tokens and dark web marketplaces have helped spawn a new security solution: device cloaking. From the digging I did, they are a property investment firm out of Virginia. He has hunted all over the US and abroad. It makes even less sense than that - United Auto Workers also represents graduate student teaching assistants at some universities. Speaking of black rifles, Franklin Armory is listed as the successful bidder for the Bushmaster brand. I may earn a small part of the sale from links to any products or services on this site. By signing up you agree to Guns.com's Round Hill Capital LLC ( RHC) is a fully integrated real estate investment and management company founded in Delaware, United States of America. A Norge/Magic Chef/Maytag/Whirlpool (They may have closed before Whirlpool bought Maytag, I'm not sure)plant in my area was represented by an aerospace workers union. 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. I did pick up a very nice DPMS A2 Classic with heavy barrel, for cheap a few years back. What does this mean for the warranty on the AAC products? 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 happens now with the Connecticut lawsuit? Company is located in the register with the Company number LLC2385-2002 and with the national number of State Nevada NV20021021867. Something like that. Roundhill Group, LLC, an investment company with headquarters in Pennsylvania and Florida announced that it is purchasing Remington Firearms. Outdoor commentary and legislative issues. 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. This entry was posted on Monday, September 28th, 2020 at 13:00 and is filed under Industry. They will work tirelessly to ensure that this company takes its rightful place as the iconic American brand that it was and still is. If you dont know who Vista Outdoors is, they are the guys that own almost everything. Click below for a FREE LESSON! "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 would hate to see what they would do with Remington. Have Questions? Palmetto has always offered good products at a reasonable price, I just hope they haven't bit off more than they can chew.
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