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).