Photo by Dave Warner – The Remington Arms Plant in Ilion NY.
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.
With the acquisition, Roundhill Group LLC partner and spokesman, Jeff Edwards stated, “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 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.”
State Senator James L. Seward (R/C/I – Oneonta) commented on the acquisition of the Remington Arms’ Ilion plant by the Roundhill Group, LLC stating, “On behalf of the Mohawk Valley Nine, I have had a conversation with the new owners of Remington Arms and am extremely encouraged about the company’s future in Ilion. The Roundhill Group is committed to restoring the Remington name and continuing the firearm manufacturer’s longstanding tradition of quality craftsmanship. The company does not have major real estate holdings elsewhere and the owners look forward to continuing to operate the historic Ilion plant. Within 30 to 60 days an initial recall of 200 workers is expected, and I would anticipate additional growth shortly thereafter. I know personally the dedication and professionalism of our local workforce, and I expressed that to the new owners.”
“I have pledged the support of the Mohawk Valley Nine and expect to hold a more formal meeting with the new owners shortly. We stand ready to work with the Roundhill Group and will put them in touch with state and regional economic development officials to ensure future growth here at home in the Mohawk Valley.”
The Mohawk Valley Nine is comprised of delegation co-chairs Senator James L. Seward (R/C/I – Oneonta) and Assemblywoman Marianne Buttenschon (D/I-Utica/Rome), Senator Joseph A. Griffo (R/C/I – Rome), Senator Rachel May (D – Syracuse), Senator Jim Tedisco (R/C/I/Ref – Glenville), Assemblyman Ken Blankenbush (R/C/I – Black River), Assemblyman Brian Miller (R/C/I – New Hartford), Assemblyman John Salka (R/C/Ref-Brookfield), Assemblyman Robert Smullen (R/C/Ref-Meco).
Thank Goodness Remington goes on!!
This is such wonderful news!!!!! Remington has been a household name around here for such a long time.
I don’t believe them. One of the people who cued roundhill group into the pending sale for Remington was none other than the former president who helped run the company into the ground!
Is Roundhill Group also buying Remington’s ammunition division?
The purchase includes all long guns, shotguns, pistols, the firearms manufacturing facilities, museum, and gift shop.
No they did not. Remington’s ammunition division was sold to Vista Outdoors, the same company who produces CCI and Federal ammunition.
I’m glad to hear that someone is purchasing the Remington brand I just recently bought a Remington 1911 enhanced edition and am very pleased with the firearm I just hope that with round Hill purchasing Remington that if something goes wrong with it that they will honor the warranty
I highly doubt it. Remington, which is now now RemArms will ONLY be providing warranty coverage to those firearms they are currently producing. Their current firearms will be identified as those that start with an “RA” in front of their serial numbers.
I think that Remington should bring back the 3200 over and under shotgun in another form that looks and functions more like the Kreighoff patent that they sold to Kreighoff a long time ago. Then they could get back into the trap & skeet / sporting clays competitors market and perhaps sell a good product. But this would have to be a new version of the 3200 over & under which would compete against the Kreighoff
(K-32, which is now the K80) and other shotgun brands, such as Kolar and Browning models. Let’s get back into the game. Remington could take the lead by sponsoring or being a part of olympic skeet shooting etc., and other skeet , trap and sporting clays events. They need to get back into that game. Also develop and promote other sport shooting events. match pistol , long distance rifle etc. Also they could perhaps develop a double sxs shotgun. Also, Perhaps look into an inertia shotgun semi-auto (w a new patent on the inertia design) that could compete against the Benelli Vinci. Other new product ideas are out there. Maybe bring in a semi-auto pistol that could be a comparable product to the discontinued Browning Hi-Power 9mm / .40 cal. Let’s get into some highly engineered products that will be popular for the consumers. Remington is a great company and makes good products let’s MRGA (“Make Remington Great Again”) Be visible in support of hunting and shooting sports events.
Jack W. Young (avid Remington gun owner)
Great news, I am 60 years old and was raised around Remington. Rifles,shotguns and pistols. Me and my friends gives you two thumbs up, thank you for keeping an American icon alive Joe s tenn
So far you are producing fairly common guns, no pent up demand. The REM V tec 13 short barrel semi is in BIG demand, it is the only semi short barrel in the world!
The Upstate region has been depressed for so many years and neglected by generations of politicians. It’s time to bring back manufacturing jobs to the available work force there. Build and Buy American
In attempting to keep Remington in Ilion, NY Roundhill Group LLC is making a decision that will doom the company. This is already coming to pass as New York politicians prepare to pass laws to further punish gun manufacturers. Then there’s the outrageous taxes. Yes, they do have an experienced workforce but it’s the same type entitled union workforce that drove the Detroit auto companies into bankruptcy. Ever hear of a Monday or Friday car being a lemon? The guns coming out of Ilion have the same reputation probably for the same reason. I know from personal experience having purchased a Remington M750 in .308 that the receiver had been part of a batch incorrectly machined leaving the top of the receiver and the bore on intersecting planes with the barrel pointing downward. It makes mounting a scope impossible. Remington’s fix? Bend the barrel.
Roundhill Group LLC is not as foolish as you make them out to be. They received serious tax breaks for the next 10 years for that Ilion plant and many concessions from the Miners Union to call their workers back to work. My guess is their current firearms production in Ilion, NY is only temporary to get them back up and running. Can’t make any income with that Ilion plant sitting idle, especially when the current demand for Remington products has gone thru the roof.
The Roundhill Group has already finalized plans to invest $100 million into a NEW RemArms state-of-the-art firearms production plant, plus a world class research & development center in LaGrange, Georgia. There is a current trend going on now in the firearms manufacturing industry, they are moving out of anti-gun states and relocating to pro-gun states where they are receiving much more friendly operating terms, such long term tax reduction incentives, property tax waivers, lower provided utility rates, and low interest state provided loan incentives for expansion.
Of course with the recent news of a new huge RemArms firearms plant being currently built in Georgia this has all made the NY Miners Union extremely nervous. When the NY Miners Union asked of the future of RemArms Ilion plant, RemArms company executives were mum on that issue. My guess is the handwriting is on the wall for the future operation of their Ilion plant. Once RemArms gets back on it’s feet in a their new firearms production plant in LaGrange, Georgia, and it WILL, then the days of their existing plant in Ilion, NY will be numbered. Only time will tell, and whether the State of NY backs off on all it’s BS anti-gun legislation and attitude. If not, then I see a lot of empty buildings sitting in Ilion, NY in the very near future.