Early this week, The Loadout reported about bankruptcy and asset auction by Remington Firearms in Alabama. In that article we mentioned some of the potential buyers of the assests from Remington. One of those companies with an accepted bid from Remington was Roundhill Group, LLC. Yesterday, the courts made it official and approved the sale of Remington Arms to the Roundhill Group. The purchase includes all of Remington Arms long guns, shotguns, pistols. Roundhill also acquires the manufacturing facilites, museum, and gift shop.
The press release from the Roundhill Group, LLC gives more insight to their business and strategic plans and how they intend to move Remington Arms forward in the future.
Below is the press release from the Roundhill Group, LLC.
Thursday, October 1, 2020
Roundhill Group LLC Purchases Remington Firearms
Lancaster, PA — Roundhill Group, LLC, an investment company with headquarters in Pennsylvania and Florida announced that it is purchasing Remington Firearms. The purchase includes all long guns, shotguns, pistols, the firearms manufacturing facilities, museum and giftshop. With this acquisition have come many industry questions and rumors. Roundhill Group LLC partner and spokesman, Jeff Edwards addresses these issues: “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. Our intent with this acquisition is to return the company to its traditional place as an iconic American hunting brand. We intend to maintain, care for and nurture the brand and all of the dedicated employees who have crafted these products over the years for outdoors men and women both here in the USA and abroad. More than anything we want to make Remington a household name that is spoken with pride.” 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. They are all life-long hunting advocates and staunch Remington brand loyalists. They will work tirelessly to ensure that this company takes its rightful place as the iconic American brand that it was and still is.
What do you think about Roundhill Group vision for the future of Remington Arms. Let us know in the comments below.
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Hello, everyone and welcome to The Loadout Blog. The purpose of this website is to share educate, inform, and build a lasting culture around firearms. I want to create a hub of reliable, cohesive, and relevant material for today's shooter. I am seeking to appeal to all demographics so from the novice, to experienced, along with LE and military communities. I am here to be transparent and honest on all matters discussed or chronicled on this site. I will post content once a week at minimum or more often if time allows.
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Will the Remington plant in Lexington Missouri Stay open
I’m not sure my man. Hopefully it does so people can keep working and making a living
Good news. The big challenge is restoring product quality. The premature release of R51 and RP9 pistols with function problems gave Remington bad publicity. The RP45 corrected the flaws of the RP9, but came too late to overcome the bad publicity of the R51 and RP9. Lawsuits against the Remington 700 rifle over safety function problems did not help matters. The Remington 597 .22 LR rifle had minor problems.
All are candidates for “continuous product improvement”.
Hopefully, new ownership will deal with the problems more effectively.