Remington filed for bankruptcy back in July. Bankrupt gunmaker Remington Outdoor will split up its business and sell the pieces to seven different buyers following a bankruptcy auction, court records show.. This had the effect of making Remington huge, but also burdened with … JJE is probably a name you don’t recognize right off the bat, but you actually do know them. The Company that Bought Remington Prepares to Resume Production. Model 700 PCR – Roundhill Group LLC Purchases Remington Firearms, Model 870 Express Trap – Roundhill Group LLC Purchases Remington Firearms. To find out more about Facebook commenting please read the Conversation Guidelines and FAQs. Tags: Jeff Edwards, Remington, Remington Firearms, Roundhill Group. With more than 26 years of industry experience, Jeff currently is managing partner at Stryk Group, an impact consulting company for the world’s leading hunting, camping, fishing and firearms brands. Remington-owned brands displayed at Remington booth at SHOT Show. "I was just recently told by a Remington … The plant and the property on which it sits is valued at about $47 million. It further branched off into some additional, Remington-branded outdoor lifestyle products. Remington exited bankruptcy in May, less than two months after filing for protection under Ch. JJE Capital Holdings LLC Buys DPMS, H&R, Storm-Lake, AAC, and Parker. Roundhill Group LLC Purchases Remington Firearms. (Paul Gattis | [email protected]). Jeff Madison, president of Local United Mine Workers, said in an email Wednesday afternoon that … Vista Outdoor Inc. is buying the biggest piece. 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. 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. Among those who are owed include the city of Huntsville, which holds a $12.5 million mortgage on the Remington plant located on Wall-Triana Highway near Huntsville International Airport. While the bankruptcy moved through the courts, Remington was forced to lay off many of its employees, but things are … Its purchase of Remington’s ammunition and accessories businesses for $81.4 million was also approved by Jessup on Wednesday. It won’t be long. Accordingly, on July 27, 2020, Remington … They are all life-long hunting advocates and staunch Remington brand loyalists. The tribe had been in talks to acquire Remington Arms … Community Rules apply to all content you upload or otherwise submit to this site. Remington filed for Chapter 11 bankruptcy protection in March 2018, having accumulated over $950 million in debt. Mired in debt and struggling to stay afloat, Remington Arms was forced into bankruptcy, wrestled onto the chopping block, and reduced to … The tribe had been in talks to acquire Remington Arms Co. out of bankruptcy, but negotiations collapsed in recent weeks, leaving the company without a lead bidder, according to several media reports, including The Wall Street Journal which first reported the negotiations in June and cited sources familiar with the matter. Remington Arms has been in Ilion for a few hundred years. Remington's quick exit from bankruptcy was due to a pre-approved restructuring plan that was supported by 97% of its creditors. © 2021 Advance Local Media LLC. Competitive practical shooter and hunter with a European focus.

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