The saga of the Remington bankruptcy continues on. It was announced that Roundhill Group LLC was the successful bidder for Remington Firearms and it appears that they were successful and have now acquired Remington Firearms.
That purchase includes “all long guns, shotguns, pistols, the firearms manufacturing facilities, museum and giftshop.”
Read the full press release by Roundhill Group:
Thursday, October 1, 2020
Roundhill Group LLC Purchases Remington Firearms
Lancaster, PA — 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 giftshop.
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.
About Jeff Edwards
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. He has held positions with leading outdoor companies such as GunBroker.com, Hoyt Archery, Defiance Machine and others. He has hunted all over the US and abroad. His reason for purchasing Remington Firearms: “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.”
Well Jeff, we are anxious to see but we will wait patiently as we have no other choice!