by There has been a lot of speculation on the Roundhill Group that purchased the non-Marlin firearms business of Remington Outdoor Company. Some reports had them as a property management company in Virginia which just didn’t quite fit. They are now identified as an investment company with headquarters in Pennsylvania and Florida.
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 gift shop.
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. 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 outdoorsmen 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 added, “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.”
According to the court documents, the winning bid was for $13 million and this has been approved by the US Bankruptcy Court of the District of Northern Alabama.
We still don’t 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.
Sounds really good so far!
I was hoping that Remington brand will be bought by a gun company. I hope that they will make better business decisions than Freedom Group and Cerberus Capital Management.