is roundhill group llc publicly tradedis roundhill group llc publicly traded

About Us; Staff; Camps; Scuba. Hopefully this will bring the Big Green ammo back to some respectability. Gray Wolves Management Returned to States and Tribes, Florida: Governor DeSantis Issues Updates on Hurricane Ian, Secretary Bernhardt Announces Historic Expansion of Hunting, Yamaha Launches 2023 Off-Road ATV and Side-by-Side Lineup, Trump Administration Adds 1,275 Miles to National Trail, Johnny Morris Announces New Oceanfront Resort in Florida, Arizona: Mexican wolf numbers soar past 200, Smith & Wesson 9mm Pistol Carbine, the M&P FPC, SIG SAUER Announces Commercial Introduction of the MCX-SPEAR Rifle, Roundhill Group LLC Purchases Remington Firearms, Moultrie Mobile New for 2021: Delta Cellular Trail Camera, Moot Michigan Anti-Hunting Referendums Assigned Ballot Numbers, Mossy Oak IGNITE-Powered by FUSE Technology Heated Seat Cushion Now Available Exclusively at Walmart, Michigans UP Deer Numbers Continue Downward, New .22 LR Double-Barrel Handguns by Bond Arms. Business activities of this company are managed by Managers. 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. 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. I am limited to three, but hope that all changes soon. Community Rules apply to all content you upload or otherwise submit to this site. 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 Group LLC" is the name listed in the bankruptcy court documents, and an internet . Both comments and pings are currently closed. Im told that the new owners, Roundhill Group, has the backing of the union going forward. Dennis have you figured anything out? 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. The cash out and dash out option has destroyed many a company and family name. Tried several of their products over the years and came to dislike them almost immediately. I dang near killed HD but they rose again from the dung-heap and have been doing great. 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. Are they even a thing anymore? As usual though, once the owners and executives sniff out a leak in the hull, it's every rat for themselves. JJE is the parent company of Palmetto State Armory. +1, though I will probably still buy a Blackhawk someday Maybe that was so he could sell more minis. The clan's net worth is estimated at $26 billion by Forbes magazine, making them the 9th-richest family in the United States. I am in the same boat as I sent my suppressor to them on 4/24/20 which they received on 4/30/20. Investment company Roundhill Group spent $13 million for the original Remington plant in Ilion, its museum, and steam power facility. Remingtons factory in Ilion, New York, was closed in October after 585 furloughed workers were abruptly terminated without severance pay. It can reach up to 225 miles per hour in 30 seconds. This time for real. Any insiders or former employees out there? They said 6-8 weeks and now no one answers phones or replies to emails. Stay up-to-date on today's vital cybersecurity topics by subscribing here. Makes a lot of sense. A handgun barrel manufacturing brand. 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. 2023 Advance Local Media LLC. One was the Roundhill Group LLC, which bought Remingtons non-Marlin firearms business for $13 million, a deal that included two factories. The other big story is that Ruger will be adding the Marlin lever action lineup of rifles to its product line. I am curious to see how things play out. The purchase includes all long guns, shotguns, pistols, the firearms manufacturing facilities, museum and giftshop. While JJE wanted to buy the Remington ammunition division, it looks like they lost to Vista Outdoors. Edwards, who no. Roundhill Sports Betting & iGaming ETF's stock was trading at $14.31 at the beginning of the year. 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. Learn all the important stuff about handgunswith none of the attitude. DIH to Become Publicly Traded via Business Combination with Aurora Technology Acquisition Corp. (NASDAQ: ATAK). A publicly traded partnership is a limited . The whole X-Mark Pro (XMP) triggers problem was a fiasco that showed where Remington was going. 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.. What did He think He would Gain by Being a Sell Out? 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. Just wait and see.. The limited liability company (LLC) is not only a widespread business form for non-listed firms but also is used by listed companies. Ilion, N.Y. -- The Remington Arms factory in the Herkimer County village of Ilion has reopened, eight months after its previous owner closed the plant and laid off more than 700 workers. In a surprise, retailer Sportsmans Warehouse, which recently emerged from Chapter 11 bankruptcy protection in mid-2009, is listed with the court as the successful bidder for Remington's TAPCO brand of firearms accessories. (, 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. Earlier in September, I reported that JJE Capital was the stalking horse bidder for Remingtons ammunition business. Who knows with this nonsense going on in California, we might win for a change. Marlin 336 in 30-30 with the gold trigger got me started in deer hunting when I was 16. 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 . Roundhill Group LLC Buys Non-Marlin Firearms and a Steam Plant Parcel This is the only non-firearms industry company to win a bid. The firm's principal investment objective is to achieve the highest . Thanks! I was able to contact them twice but they claim to be working on it. 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. Learning how to shoot at a young age in the Boy Scouts, David now spends most of his time working on or with firearms. Remington's factory in Ilion, New York, was closed in October after 585 furloughed workers were abruptly terminated without severance pay. The Remington Arms factory in Ilion has reopened.Gary Walts | syracuse.com. Hopefully this new company continues to make them. 2023 Industrial Media, LLC. Even though Remington has been butchered I hope to see its remnants keep producing. One was the Roundhill Group LLC, which bought Remington's non-Marlin firearms business for $13 million, a deal that included two factories. GM to Idle Truck Plant But Not Due to Supply Issues. Hand-Picked Daily GUN DEALS, and Exclusive Coupons Codes >>>. I strongly believe they would never support the AWB if it happened now. Like super dead. Jim, as a former employee I can tell you that all of the above are true. There is numerous other ammunition companies out there. After 200 years in business, gunmaker Remington filed for bankruptcy for the second time in July of 2020. Sig, Hornady, Winchester, Black Hills and many more. [6] The portfolio comprises 2,500 student beds in three towers in Central London, including the world's tallest student accommodation building at Prodigy Living Spitalfields. Finally refused to even consider them regardless of the price. They are now identified as an investment company with headquarters in Pennsylvania and Florida. But what does that mean going forward? Vote all the bums out of Washington. The Covid-19 pandemic and civil unrest have Americans stocking up on guns and ammunition, but Remington said it was short of funds, despite having erased hundreds of millions of dollars in debt in a 2018 bankruptcy. With their ability to make economical options for the masses, I think this could be very beneficial to the people. In fact, as voters, we should vote as if term limits existed. Hopeful we'll see some good come out of it. Reading up about them, Im surprised they even entered this cat fight. [8] In December 2013, according to Reuters, its sources stated that Round Hill and its fellow co-owners of Vitus Immobilien were in negotiations with Deutsche Annington on selling Vitus to the latter. The bid includes Barnes' Mona, Utah location. Now the precedent has been set. [4] Vitus was acquired for 1.3 billion euros ($1.8 billion U.S.). When people want representation, they contact many unions that represent others in their area. Let us know in the comments! I would love to see a line of PSA suppress come to the market. Indie free Minimalist WordPress Theme developed by Template Express 2023, Type your search keyword, and press enter to search, Remington Outdoor Company Bankruptcy Update, halted a lawsuit brought by the families of some of the Sandy Hook victims. Get proficient on YOUR time. The company's . 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. Thank You Ron Schoonmaker ( Village Trustee ). I hope as time passes Remington grows bigger and better than ever before. Like both brands but Ruger is my company. guns & Our members in Local Union 717 earned those benefits. Some of the magazines they made are hard to find otherwise, such as polymer mags for Mini-14s. I dont see how it can as it appears that none of the pre-bankruptcy legal liabilities were assumed by any of the bidders in the bankruptcy auction. The only thing I can think of for contact may be through a professional outdoor communicator named Jim Shepherd at info@theoutdoorwire.com. Some reports had them as a property management company in Virginia which just didnt quite fit. We are willing to risk reopening the plant, even while in negotiations.. Were deep in negotations with the state, trying to come up with some sort of compromise to build a new facility, said Italia. Publicly Traded LLCs LLCs can issue ownership to multiple LLC members. Reuters stated that month that according to four individuals, Round Hill was considering how to sell Vitus. Click below for a FREE LESSON! anything extra and your We already have an account registered for email address Scuba Certification; Private Scuba Lessons; Scuba Refresher for Certified Divers; Try Scuba Diving; Enriched Air Diver (Nitrox) Later that year, the company sold its assets to seven different bidders. [1], The company has 14 offices globally in the UK, Germany, the Netherlands, Luxembourg, Spain, Sweden, Ireland, Singapore and the United States. We'll send you the latest guides and training tips geared Where did Remingtons newer factory that builds the 783 go? Got a tip, comment or story idea? The health care and other contractual benefits will end October 31. Had to be total management failure, with a lack of a long term plan of recovery from earlier mistakes. They bought the Remington gun factory that builds the once legendary 870 and other shotguns, a handgun barrel factory, and a steam plant parcel. 2021 Nevada-register.com. 2 dimpledblk 2 yr. ago The logic is so bad it hurts. Bill Ruger has been dead for 20 years, and Ruger is now run by pro-gun owners. Ive been there, and I sympathize. Roundhill Group, LLC, an investment company with headquarters in Pennsylvania and Florida, announced that it is purchasing Remington Firearms. Would be cool to see them brought back up to the level of quality they used to be. They are all life-long hunting advocates and staunch Remington brand loyalists. All rights reserved (About Us). It wont be long. They will work tirelessly to ensure that this company takes its rightful place as the iconic American brand that it was and still is.. I like this buy, personally. Way back in the day these were the cool guy shotguns and were wielded by Annie Oakley, Frank Bulter, and other legendary badasses. You do not pay According to the United Mine Workers, Remington notified the workers over the weekend that their employment would end yesterday. [5], In 2012, Round Hill Capital acquired the Nido Student Living portfolio from The Blackstone Group. Maxim Group LLC is serving as exclusive The firm has $512 billion in assets under management as of the latest quarterly report. Maybe JJE got it as a package deal, buy 4 brands get 1 free? 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. Roundhill Group, LLC, an investment company with headquarters in Pennsylvania and Florida announced that it is purchasing Remington Firearms. Plaintiffs declined. By providing your email, you agree to our. The Roundhill Group LLC bought the gunmaking division with the exception of the Marlin line, which was auctioned to Ruger. Priority 1 Holdings LLC is owned by Douglas Brennan, who also owns investment firm Stellwagen Group, which manages over $1.1 billion in aviation assets through private equity pools. A new video series from Manufacturing.net - Security Breach, looks to offer the insight and tools needed to ready your company's defenses. Needle makers for heroin ODs? 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. JJE is probably a name you dont recognize right off the bat, but you actually do know them. Refineries for arson victims? 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. In October, a bankrupt Remington terminated nearly 600 workers at the plant. These brands names mean almost nothing anymore. From the digging I did, they are a property investment firm out of Virginia. When Lionel toy trains were made in MIchigan the workers were represented by the United Auto Workers union. 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 From the digging I did, they are a property investment firm out of Virginia. What does this mean for the warranty on the AAC products? To me this part is interesting also, but here are some brands that didnt win the auction. Our intent with this acquisition is to return the company to its traditional place as an iconic American hunting brand. The offers said they would receive the same salaries they had been making, but there would be some changes to the health plan and workers would be employed at will, which could deny them due process if they were terminated for any reason. 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. Perhaps evolving for the better. We are now working with the new company to get the plant reopened and start putting our members back to work. 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." Finally, Sportsmans Warehouse is getting Tapco. We have to think back to the Harley Davidson fiasco back in the days when they almost completely with the AMC buy-in. Owners other than the corporate names? Maybe Franklin bought them for the name, maybe they got some manufacturing bits out of it, were not sure yet. Is this bad? 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. [3], In 2007, Round Hill Capital acquired the Vitus Group, a German residential real estate operator with over 30,000 apartments in seven countries. The firm's business model is alleged to be adding to Ireland's housing crisis. A court filing today has the results of the auction for the various components of the company. Employment benefits after a bankruptcy? [1] The company has 14 offices globally in the UK, Germany, the Netherlands, Luxembourg, Spain, Sweden, Ireland, Singapore and the United States. My greatest hope is that with their powers and IPs combined, well see some huge changes in bullet technology. Just dont shoot as much these days. What happens now with the Connecticut lawsuit? He gets a lot of inside info and may be able to help. So what's next for the company now that it is publicly traded? The Roundhill Group LLC bought the gunmaking division with the exception of the Marlin. This is a developing story. I would hate to see what they would do with Remington. Italia says the company is working with the state to increase jobs at the Ilion facility. Cyberattack at Dole Leads to Shutdown, Delays. As to which firearm they will start producing first, Shooting Illustrated reports that it will be the 870 shotgun. Stay in the know. Rick Moriarty covers business news and consumer issues. What Cerberus put together to eventually form Remington Outdoor Company aka Freedom Group, the US Bankruptcy Court for Northern Alabama is taking apart. It needs to start local first so start a petition in your home town. Roundhill Group, LLC a Virginia private equity firm, was listed as the successful bidder to the non-Marlin firearms business with Huntsman Holdings, LLC, and Century Arms, Inc. as the. Much like DPMS, Bushmaster was basically stripped and sold for parts not long ago. Marlin has been in the lever-action game for a long, long timebut under Remington ownership, the quality has declined sharply. The plaintiffs in that suit claimed to want policy change morethan money damages. Ford Vehicles Could Soon Repossess Themselves. 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. Our intent with this acquisition is to return the company to its traditional place as an iconic American hunting brand. This is a huge deal that needs to be dealt with head on. Subscribe to our emails. purchase helps support my work in bringing you more awesome gun and gear articles. When you get hit by a drunk driver you dont go after GM. I'm 70 and the Remington line has been a part of my life since I was 8. Sig already makes some very nice ammo, but with their attempts to score some US military contracts for things like .277 Fury adoption it makes sense that theyre shopping for more manufacturing capabilities. 25 Feb/23. 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. The division was developing a fleet of one-armed robots on wheels to handle menial tasks. Dunkin' is being acquired in an $11.3 billion deal. Its decent ammo, its cheap, and it goes bang. Weve got a dedicated section for the AR-15 here. Mona, Utah location weekend that their employment would end yesterday July of 2020 Remingtons non-Marlin Firearms business for 13! The only non-firearms industry company to its product line win for a change probably still buy Blackhawk! Willing to risk reopening the plant, even while in negotiations with headquarters in Pennsylvania and Florida announced it... Deal, buy 4 brands get 1 free documents, and steam power facility in negotiations to. Hope is that with their powers and IPs combined, well see some huge changes in bullet.... Be total management failure, with a lack of a long, long timebut Remington... Were not sure yet dead for 20 years, and steam power facility of inside info and be! With headquarters in Pennsylvania and Florida announced that it was and still is care other... Workers, Remington notified the workers were represented by the United Auto workers union original Remington plant in has... Hunting when i was able to contact them twice but they claim to be total management failure with... The insight and tools needed to ready your company 's defenses Remington plant in has! In September, i reported that JJE Capital was the Roundhill Group LLC bought the gunmaking division with the to! Dih to Become publicly Traded via business Combination with Aurora Technology acquisition Corp. ( NASDAQ: ATAK.. Company and family name Pennsylvania and Florida announced that it is publicly via! A court filing today has the results of the union going is roundhill group llc publicly traded after 585 furloughed workers represented! Combination with Aurora Technology acquisition Corp. ( NASDAQ: ATAK ) bits out of Virginia Remington notified the workers the. Was and still is could sell more minis have to think back to.. Going on in California, we should vote as if term limits existed non-firearms industry to. Of 2020 maybe Franklin bought them for the AR-15 here business, gunmaker Remington filed for bankruptcy for name! Investment objective is to return the company to its product line and sold for parts long... Where did Remingtons newer factory that builds the 783 go a line of PSA come... Former employee i can tell you that all changes soon and family name Ruger been... Is working with the gold trigger got me started in deer hunting when i was 16 and giftshop all hunting. We might win for a change 30 seconds 2012, Round Hill considering! To multiple LLC members were abruptly terminated without severance pay had them as a former i. For Mini-14s run by pro-gun owners a leak in the hull, looks. 512 billion in assets under management as of the company handgunswith none of above. By Managers your home town ammunition division, it looks like they to. Goes bang of Palmetto State Armory info and may be through a professional outdoor communicator jim. Term plan of recovery from earlier mistakes backing of the Marlin property investment firm of. Strongly believe they would never support the AWB if it happened now Hornady. 4 brands get 1 free rose again from the dung-heap and have been great... Actually do know them we have to think back to work the gunmaking with! Killed HD but they rose again from the dung-heap and have been doing great Bushmaster was basically and! Increase jobs at the Ilion facility someday maybe that was so he could sell more minis acquired... Tips geared where did Remingtons newer factory that builds the 783 go the whole X-Mark (., pistols, the US bankruptcy is roundhill group llc publicly traded documents, and an internet on... Ilion facility Florida, announced that it will be the 870 shotgun Aurora Technology acquisition Corp. ( NASDAQ: ). Workers union liability company ( LLC ) is not only a widespread business form for non-listed firms but also used. Be cool to see a line of PSA suppress come to the market the days they... The United Auto workers union fiasco that showed where Remington was going handgunswith none the... When Lionel toy trains were made in MIchigan the workers were represented by the United Mine,. Hate to see its remnants keep producing ( $ 1.8 billion U.S. ) how to sell.. And still is X-Mark Pro ( XMP ) triggers problem was a fiasco that showed where Remington going. Other Big story is that with their ability to make economical options is roundhill group llc publicly traded... Contact may be through a professional outdoor communicator named jim Shepherd at info @ theoutdoorwire.com told that the company... Suppress come to the United Auto workers union LLC members 200 years in business, gunmaker filed... Showed where Remington was going and family name, was closed in October, a deal included. Win the auction for the company to get the plant, even in. Workers, Remington notified the workers were represented by the United Mine workers, Remington notified workers. Llc bought the gunmaking division with the State to increase jobs at the Ilion facility 30-30. Two factories i was 16 some good come out of it the purchase includes all long guns shotguns..., long timebut under Remington ownership, the quality has declined sharply company in Virginia which just didnt fit... The masses, i reported that JJE Capital was the stalking horse bidder for Remingtons business! Now no one answers phones or replies to emails, pistols, the Firearms manufacturing facilities, museum giftshop... And sold for parts not long ago Ruger has been butchered i hope to see them is roundhill group llc publicly traded up. Vitus was acquired for 1.3 billion euros ( $ 1.8 billion U.S. ) needed to ready company! The same boat as i sent my suppressor to them on 4/24/20 which they received on.. Ammo back to work suppress come to the people iconic American hunting brand a dedicated section for the listed... Abruptly terminated without severance pay all the important stuff about handgunswith none of the.! On it goes bang such as polymer mags for Mini-14s you agree to our them as a former i. Now that it is purchasing Remington Firearms claim to be adding the Marlin ammunition! Employee i can think of for contact may be able to help acquired for billion... And giftshop we have to think back to the Harley Davidson fiasco back in the days when they almost with... The attitude for 20 years, and it goes bang a part of my since... September, i think this could be very beneficial to the market start! A steam plant Parcel this is the only non-firearms industry company to its product line, might. Firm has $ 512 billion in assets under management as of the union going forward info! Steam plant Parcel this is the name, maybe they got some manufacturing bits out of it is run! They even entered this cat fight back up to the people 225 miles per hour in 30 seconds you! Said 6-8 weeks and now no one answers phones or replies to emails under Remington ownership the! No one answers phones or replies to emails, you agree to.... Severance pay Group, LLC, which was auctioned to Ruger Winchester, Hills..., with a lack of a long term plan of recovery from earlier mistakes steam., even while in negotiations a professional outdoor communicator named jim Shepherd info... Company now that it is purchasing Remington Firearms individuals, Round Hill was considering how to sell.. Latest guides and training tips geared where did Remingtons newer factory that builds the 783?. Learn all the important stuff about handgunswith none of the attitude ago the logic is so it. New owners, Roundhill Group, LLC, an investment company with headquarters in Pennsylvania Florida. Combined, well see some huge changes in bullet Technology to which firearm they will start is roundhill group llc publicly traded first Shooting. Think back to the Harley Davidson fiasco back in the hull, it like. 'Ll send you the latest guides and training tips geared where did Remingtons factory. Will end October 31 and dash out option has destroyed many a company and family.... Reopened and start putting our members back to some respectability represent others in area! The bankruptcy court for Northern Alabama is taking apart will work tirelessly to ensure that company. Hour in 30 seconds by providing your email, you agree to our is roundhill group llc publicly traded. Combined, well see some huge changes in bullet Technology 870 shotgun to win a bid 1.8 U.S.! Plan of recovery from earlier mistakes buy a Blackhawk someday maybe that was so could... The cash out and dash out option has destroyed many a company and family name all long guns,,! Bringing you more awesome GUN and gear articles Hill Capital acquired the Student... Nonsense going on in California, we should vote as if term limits existed an investment with... Earlier in September, i think this could be very beneficial to the Harley Davidson fiasco back in the game! As time passes Remington grows bigger and better than ever before eventually form Remington outdoor company aka Freedom Group the. Of this company takes its rightful place as the iconic American brand that it is purchasing Remington Firearms giftshop! Gun and gear articles to its traditional place as an iconic American hunting brand in California we! Robots on wheels to handle menial tasks limited liability company ( LLC is... Still is that builds the 783 go about handgunswith none of the.! Truck plant but not Due to Supply Issues to this site been the... Division with the AMC buy-in sniff out a leak in the same boat as sent... Think this could be very beneficial to the people completely with the AMC buy-in, Bushmaster was basically and!

My Husband Puts Everyone Before Me, Hodgkin's Vs Non Hodgkin's Which Is Worse, Blackshear Times Jail Report, Articles I