Ilion has always been Remingtons home and we are proud of that history. Several of them are publicly traded, the rest are owned by dozens of individuals. 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." We are willing to risk reopening the plant, even while in negotiations.. Round Hill Capital LLC (RHC) is a fully integrated real estate investment and management company founded in Delaware, United States of America. Let us know in the comments! This is some news I really like! I think you just hit the distinction nail on the head. Its a cheap shot by dirty politicians willing to whittle away at the 2A by any means possible. He gets a lot of inside info and may be able to help. As much as I dislike many politicians, they can't be blamed for this. There is a long list of potential law suits. When I was there the motto was quantity not quality i knew when I was there this day was coming sooner than later. His reason for purchasing Remington Firearms: Remington, to me, represents the Harley Davidsons of the hunting firearms industry. 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. 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. The company is facing a lawsuit over its marketing of the Bushmaster rifle, which was used in the December 2012 killing of 20 children and six adult school staffers at Sandy Hook Elementary School in Newtown, Conn. Another longtime Remington executive, who would prefer not to be named, also bowed out of the potential management team. A story in the Utica Times-Telegram indicates that they may have some negotiating to do with United Mine Workers of America Local 717 which represents the workers at the Ilion plant. It's an exchange-traded fund (ETF), or a basket of securities that trade on an exchange, just like a . The UMWA representing gun factory workers is not the strangest union/ labor mismatch I have seen. I've bought their products since I was a kid, and I'm now 77, and I stil have some of their classic guns. Alas, all those deals are probably history. +1, though I will probably still buy a Blackhawk someday Maybe that was so he could sell more minis. I could certainly have done better! DPMS was a great little company, until Remington acquired it. The unions decidedly not happy. DPMS will be a good fit for them as will H&R in the budget category. They are now identified as an investment company with headquarters in Pennsylvania and Florida. LLC's are considered to have operational flexibility because while they must submit articles of organization, they are not required to a) provide employee benefits or pay taxes b) distribute profits or keep meeting minutes c) keep minutes or hold annual meetings d) pay taxes or hold annual meetings b I'm looking for a slug barrel or is there anything that will fit it.. Weve got a dedicated section for the AR-15 here. 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 . Ive been there, and I sympathize. Cyberattack at Dole Leads to Shutdown, Delays. - Market Realist. One was the Roundhill Group LLC, which bought Remingtons non-Marlin firearms business for $13 million, a deal that included two factories. Absolutely ridiculous trying to get any information Im sure as you have calling the bankruptcy line they have no answers. I'd like to see it resurrected. 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. Which is why they've gone full in on things Bill Ruger shunned, such as the AR15. Subscribe to Pew Pew Tactical's sales and deals email. When people want representation, they contact many unions that represent others in their area. The bid amount listed in court documents is $30 million, a figure that could put Ruger in the lever-action business. anything extra and your I wonder if any company received the LAR Manufacturing rights and intellectual property? I feel like 2020 is what we all thought the year 2000 was gonna be, Wow. This is hard to believe, wow, the best bolt action the average hunter could afford now history. Roundhill has said it hopes to hire back hundreds more workers as it ramps up firearms production in Ilion. 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. Ford Vehicles Could Soon Repossess Themselves. Barnes is another huge player in both worlds. Then go home with no benefits or pension. Analysts' consensus recommendation: 1.34 (Strong Buy) Microsoft ( MSFT, $280.32) should be a no-brainer when it comes to the best metaverse stocks. The bid is for the gun factory in Ilion, New York, handgun barrel factory in Lenoir, Tennessee, and related other properties. Our intent with this acquisition is to return the company to its traditional place as an iconic American hunting brand. You don't put all your eggs into one basket! The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of Advance Local. Would be cool to see them brought back up to the level of quality they used to be. 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. you a link to reset your password. Rick Moriarty covers business news and consumer issues. I may earn a small part of the sale from links to any products or services on this site. We dont need a chance for these dirty politicians to settle in and make a career of robbing the taxpayer. Free and open company data on Virginia (US) company The Round Hill Group LLC (company number S3855261), 17736 Marbury Circle, Round Hill, Virginia, 20141-0000. Once upon a time, Bushmaster made a solid line of AR-15s. 2023 Industrial Media, LLC. Round Hill Development Group | Jupiter FL | Get a Bid publicly traded esports teams - link2feed.com, Will Remington Still Make Guns? 2 dimpledblk 2 yr. ago As much as we might not like it, Remington has been in the gutter for years. In fact, one of the best ammo deals I got online very recently was Remington 9mm. 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. Outdoor commentary and legislative issues. Roundhill Sports Betting & iGaming ETF's stock was trading at $14.31 at the beginning of the year. We still dont know too much about this group so I am anxious to see that comes out about them in the following days and weeks in the run-up to the SHOT Show. The whole X-Mark Pro (XMP) triggers problem was a fiasco that showed where Remington was going. Lax LLC purchased only one asset during the current year (a full 12-month tax year). I presume they intend for this to be used to provide accessories to be sold in their chain of stores. The division was developing a fleet of one-armed robots on wheels to handle menial tasks. 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 . Be it shooting, upgrading, building, tinkering, or writing about them - sharing his passion and knowledge of firearms with others is an everyday occurrence. According to WKTV Channel 2 Utica (NY), maintenance will begin on the plant in mid-February in preparation for the March 1 restart. Vote all the bums out of Washington. He has held positions with leading outdoor companies such as GunBroker.com, Hoyt Archery, Defiance Machine and others. 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. 2023 Advance Local Media LLC. Metal Plant Explosion Kills Maintenance Worker. Business activities of this company are managed by Managers. The purchase includes all long guns, shotguns, pistols, the firearms manufacturing facilities, museum and giftshop. Sig, Hornady, Winchester, Black Hills and many more. Of anyone that could have bought Barnes, Im glad it was Sierra. 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. Roundhill Group LLC purchased the Ilion operation minus the Marlin line in a bankruptcy sale. Credential stuffing, authentication tokens and dark web marketplaces have helped spawn a new security solution: device cloaking. Then the union was successful in encouraging a potential buyer to keep jobs in Ilion, and that buyer was able to purchase the plant in the bankruptcy process. I am sure I missed some occupations. Trump wins, and the riots grow exponentially, driving even more non-gun owners to face the reality of, and purchase in preparation for, violence at their door. This is a developing story. Roundhill Group LLC partner and spokesman, Jeff Edwards addressed questions regarding . This time for real. This is what happens when big corporate holding companies buy up iconic brands. At the end of trading Endeavor Group Holdings (EDR) sat at $25.20 USD per share, selling 21.3 million shares to raise $511 million USD with a valuation of more than $10 billion USD. The backup winner for the Remington ammunition plants is Sig! 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 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 With their ability to make economical options for the masses, I think this could be very beneficial to the people. towards your level. Ah Bushmaster. JJE is the parent company of Palmetto State Armory. However, federal and state laws stipulate that interest in an LLC can't be publicly traded. Type your email address and well send 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. Remington Arms Company, LLC was an American manufacturer of firearms and ammunition, now broken into two companies, each bearing the Remington name.The firearms manufacturer is Remington Arms.The ammunition business is called Remington.The company which was broken up was called Remington Outdoor Company.Sturm, Ruger & Co. purchased the Marlin Firearms division of the Remington Outdoor Company . Everyone knows who Ruger is. It all sucksthat a great company goes under. This legal entity was firstly registered on 4th March 2002 under the legal form of Domestic Limited-Liability Company. The Republican Congress actually passed a law intended to prevent lawsuits against manufacturers by victims of criminals like the Sandy Hook murderer. Maybe Franklin bought them for the name, maybe they got some manufacturing bits out of it, were not sure yet. The other big story is that Ruger will be adding the Marlin lever action lineup of rifles to its product line. Personalize your experience. Honestly, I dont know what to make of this and Im all sorts of confused. 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.. $1,000,000 group-term life . Remington had it problems with quality due to corporate greed but they didnt deserve this. 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.. It was 'actually' a ParaOrdnance..And I wish they'd bring the nameplate back. The purchase includes all long guns, shotguns, pistols, the firearms manufacturing facilities, museum, and gift shop. I was able to contact them twice but they claim to be working on it. . Ruger with their talent for great quality control and reasonable prices could bring new life to Marlineither under the Marlin name or as Ruger producing their own branded lever-gats. guns & Thats not something I understand, and having only read about 1,400 pages of the Remington filing, its not exactly clear how that works. Workers at Colt are also represented by the UAW. The purchase includes all long guns, shotguns, pistols, the firearms manufacturing facilities, museum, and gift shop. Steve is absolutely correct. 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. 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