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 Post subject: Re: Remington Closures . . . . .
PostPosted: Mon Oct 05, 2020 10:37 am 
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Jeepwm69 wrote:
RandyWakeman wrote:
https://thinkingafield.org/2020/10/roundhill-group-llc-purchases-remington-firearms.html

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."



Sounds promising. Hope they walk the walk.


As we all should, IMHO. {hs#



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 Post subject: Re: Remington Closures . . . . .
PostPosted: Mon Oct 05, 2020 11:28 am 
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Me, too. I'd still like a 20ga V3.


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 Post subject: Re: Remington Closures . . . . .
PostPosted: Mon Oct 05, 2020 12:32 pm 
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lossking wrote:
Me, too. I'd still like a 20ga V3.


Hang in there! Right this minute, who can know or say what the Ilion production line will be putting out in a year`s time.

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 Post subject: Re: Remington Closures . . . . .
PostPosted: Mon Oct 05, 2020 12:35 pm 
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I'm itching for a semi auto in the price range of the V3 but the future of the company has me at a standstill at the moment and started looking at others.


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 Post subject: Re: Remington Closures . . . . .
PostPosted: Mon Oct 05, 2020 1:01 pm 
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Whipped500 wrote:
I'm itching for a semi auto in the price range of the V3 but the future of the company has me at a standstill at the moment and started looking at others.


It’s a good shotgun, that you like, at a good price most everywhere. Buy it, shoot it, have fun, repeat.


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 Post subject: Re: Remington Closures . . . . .
PostPosted: Mon Oct 05, 2020 1:05 pm 
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Rooster booster wrote:
Whipped500 wrote:
I'm itching for a semi auto in the price range of the V3 but the future of the company has me at a standstill at the moment and started looking at others.


It’s a good shotgun, that you like, at a good price most everywhere. Buy it, shoot it, have fun, repeat.


Beat me to it, Rb. Very good gun, have enjoyed mine. Softest shooting 12 gauge I`ve ever shot.

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 Post subject: Re: Remington Closures . . . . .
PostPosted: Fri Oct 09, 2020 5:20 pm 
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A bit more of the previously quoted article:

As the dust continues to settle on the bankruptcy sale of Remington Arms, it has become public that there was a lone bidder that was willing to buy the entire company, but it came in late and as a result, the Alabama judge handling the bankruptcy ruled it null and void. That ruling last week, freed a handful of buyers to pick and choose the part of Remington they're interested in, piece by piece. Now, one week later, we're still wondering what all of this means for workers and the local economy.

The sale has multiple buyers, seven in all. Ruger purchased the Marlin line, Franklin purchased Bushmaster, Sportsman's Warehouse purchased Tapco, and JJE bought Parker brands. Two ammunitions divisions were sold to two different companies and the big winner was Vista Outdoor which spent $81.4 million on an ammunitions plant in Arkansas and most notably, the Remington name and trademarks. Obviously, the Vista deal is a valuable one.

That brings us to Ilion, the birthplace of Remington and the home of the firearms plant for more than 200 years. The Ilion plant, the museum and steam power facility, along with a barrel-making plant in Lenore City, Tennessee, have been purchased for $13 million by the Roundhill Group, LLC, which has offices in Pennsylvania and Florida. Unfortunately, we know very little about the Roundhill Group, but some information is starting to filter out which seems positive for Ilion, that is, as long as we're willing to be patient.

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 more than a week now. The release came from Jeff Edwards, who is named as a Roundhill Group partner and spokesperson.

"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."

“Remington, to me, represents the Harley Davidson of the hunting firearms industry." -Jeff Edwards

"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."

Edwards went on to refer to Remington Firearms as the Harley Davidson of the firearms industry and he talked about how much the brand means to him and the other partners in the group.

“Remington, to me, represents the Harley Davidsons of the hunting firearms industry. 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. I can’t wait for the day when it has the loyalty, prestige and following it once had. It won’t be long. Just wait and see.”

What About the Roundhill Group and its Knowledge of Guns?

The more we learn about Roundhill, the more it seems that the group is much different than the Remington ownership employees have come to know over the last decade. Still, there will be a transition period that will most likely be uncomfortable for many employees and the community. That became evident last Friday when more unsettling news came in the form of an unattributed memo from the old company, warning that the new company will be starting with a smaller footprint. The memo stated fewer employees will be needed going forward. Employees were told that they will be informed by October 12th, A) if the furlough/limited workforce needs to continue, B) employment will be terminated, or C) if there's a new offer of employment by the new company. A "new offer of employment" means that workers who return might be employed under the terms of a new and different agreement between the company and union, as opposed to the continuation of the current contract.

Despite the uncertainty, an interview Mark Keefe did with Edwards last week did shed a lot of positive light on the new company. Keefe said that while he had never heard of Roundhill and Edwards, people he knows and respects in the industry, have.

"He (Edwards) is an industry veteran," said Keefe. "He has been involved in turning firearm companies around and putting them in a better position for the future. Though I didn’t know him, he is friends with many of my friends, and they speak well of him," he said.

“We are going to work our [tails] off and make a good product,“ Edwards told Keefe.

Keefe added that the "new Remington" (or whatever it will be called) will most likely need to create a relationship with Vista Outdoor as it now owns the Remington name and trademarks. He was also optimistic about Ilion's future with Remington.

"Big Green,” as we like to call it, will not be the same, and it may be less than big going forward, but it appears that it has a future, one that will be determined by its leadership and, most of all, by its workers," Keefe said. "They will be judged by the guns they make."

So, while many thought the Ilion plant had been purchased by another investment group only interested in pinching pennies, the more we hear about the new company, the more it seems like they actually care about the brand. That would be great news for the Remington community. Either way, America's oldest gunmaker and Herkimer County's largest employer has been thrown a lifeline after practically being completely sunk by the bankers who drove it underwater. This is seemingly a best-case scenario for keeping the legendary name alive and the manufacturing of the actual Remington gun, in Ilion.

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 Post subject: Re: Remington Closures . . . . .
PostPosted: Sat Oct 10, 2020 8:00 am 
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Joined: Wed Nov 05, 2014 11:47 am
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Yup, and now there still just one step away from being closed down with an uptick in virus 19 or whatever other reason(excuse). To stay in Ilion is to die in Ilion!


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 Post subject: Re: Remington Closures . . . . .
PostPosted: Sat Oct 10, 2020 8:51 am 
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fowlogic wrote:
Yup, and now there still just one step away from being closed down with an uptick in virus 19 or whatever other reason(excuse). To stay in Ilion is to die in Ilion!


I`d like to be wrong about this, but didn`t they strip the equipment out of the Huntsville facility? Do they even own it? If they did own it and it was set up for manufacturing, that might have been a mistake. Their dedication to Ilion, while admirable, may well end up being a real problem in realizing their goals for the company.

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 Post subject: Re: Remington Closures . . . . .
PostPosted: Sun Oct 11, 2020 7:47 am 
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So did Roundhill buy the V3 and 870?
What about the handgun division?


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 Post subject: Re: Remington Closures . . . . .
PostPosted: Sun Oct 11, 2020 8:18 am 
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Wowzer wrote:
So did Roundhill buy the V3 and 870?
What about the handgun division?


Could be wrong, but I believe that they acquired manufacturing rights for all Remington branded firearms.

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 Post subject: Re: Remington Closures . . . . .
PostPosted: Mon Oct 12, 2020 11:02 am 
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Man I wish Ruger would have purchased the rights to the 1100, 870, and 1187. Quality shotguns seem to be the only thing that company is missing.


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 Post subject: Re: Remington Closures . . . . .
PostPosted: Mon Oct 12, 2020 12:05 pm 
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Well, they tried their hand at shotguns and it flopped horribly.

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 Post subject: Re: Remington Closures . . . . .
PostPosted: Mon Oct 12, 2020 2:32 pm 
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casonet wrote:
Well, they tried their hand at shotguns and it flopped horribly.

Too true. Their determination to utilize investment casting AND hold a price point didn't work. I am hoping and praying they don't take a similar stance with Marlin because a lot of their rifles make an O/U look like child's play.

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 Post subject: Re: Remington Closures . . . . .
PostPosted: Mon Oct 12, 2020 3:45 pm 
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casonet wrote:
Well, they tried their hand at shotguns and it flopped horribly.


TWICE!

Sorry, someone else would be better than Ruger for this endeavor.

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 Post subject: Re: Remington Closures . . . . .
PostPosted: Mon Oct 12, 2020 10:37 pm 
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Virginian wrote:
casonet wrote:
Well, they tried their hand at shotguns and it flopped horribly.

Too true. Their determination to utilize investment casting AND hold a price point didn't work. I am hoping and praying they don't take a similar stance with Marlin because a lot of their rifles make an O/U look like child's play.


Yes, I, too have my concerns about Marlin. On the one hand, I can see the Marlin lineup fitting in with Ruger's more traditional products; hopefully Marlin doesn't get reduced to being merely the cowboy action complement to the Vaquero, though. We may also see a replay of the quality control problems with Marlin. The folks at Remington are skilled with traditional materials, but all of the Remington designs are post WWII, and don't require the same techniques as the 19th century Marlins. Ruger has yet a different set of methods, so there's bound to be another round of teething problems.

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 Post subject: Re: Remington Closures . . . . .
PostPosted: Mon Oct 12, 2020 10:42 pm 
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I would hope that with the work Remington put into the Marlin lever guns, that there are some actual prints and specifications for production. If that happened the production should be able to be transferred without the issues that plagued the transition to Remington. IMHO the last few years of production were pretty good guns.


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 Post subject: Re: Remington Closures . . . . .
PostPosted: Tue Oct 13, 2020 9:01 am 
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I'll take a new Marlin 444P, please.


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 Post subject: Re: Remington Closures . . . . .
PostPosted: Tue Oct 13, 2020 10:00 pm 
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oneounceload wrote:
casonet wrote:
Well, they tried their hand at shotguns and it flopped horribly.


TWICE!

Sorry, someone else would be better than Ruger for this endeavor.
casonet wrote:
Well, they tried their hand at shotguns and it flopped horribly.


Right, and thats the whole point of why they would buy Remington. Remington has tried and true shotguns, which would further diversify Rugers already solid line of offerings


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 Post subject: Re: Remington Closures . . . . .
PostPosted: Tue Oct 13, 2020 10:11 pm 
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Ruger bought Marlin. It has nothing to do with shotguns.
Roundhill bought the Remington guns.




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