#RoundhillGroup

The Remington Firearms Company has seen a rollercoaster of moves, acquisitions, divesting and reorganization over the last year and it seems that the legendary firearms manufacturer isn’t done moving and shaking yet. The company announced on November 8th that it would be investing $100,000,000 into a new headquarters and research operation based out of LaGrange, Georgia, and will be hiring 856 people in the process over a 5-year timescale. Whether Remington Firearms invests in a new manufacturing line or is simply moving their HQ for tax benefits is unclear at this time.

The new owners of Remington, the Roundhill Group, have just obtained their Federal Firearms License (FFL) for the iconic Ilion manufacturing plant where the Remington 870 shotguns are produced. The new owners plan on opening the plant for maintenance next week and will begin production on March 1st. Additional details can be found at the sources below.

The story about America’s oldest gunmaker continues. In our article published a few days ago about the Remington assets being divided Roundhill Group, LLC was mentioned as one of the successful bidders. Today it was made official that they have purchased Remington Firearms, and that the purchase includes “all long guns, shotguns, pistols, the firearms manufacturing facilities, museum and giftshop.” So the question everyone is asking themselves is who are the people behind Roundhill Group? The Press Release gives some information and, probably most importantly, their intentions with Remington seems real and genuine. Hopefully they have the knowledge and skills to take Remington into the future.