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Old 10-23-2020, 10:31 AM #1
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(Soon to be former) GI Sports Owner and (Soon to be KORE) Partner Buys Remington

https://www.cnyhomepage.com/news/rem...a_xtOKImeLeUCM
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Old 10-23-2020, 10:57 AM #2
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Just to be clear. He bought PART of Remington which sold off it's assets earlier this year.
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Old 10-23-2020, 11:12 AM #3
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Well that's an interesting development for sure.
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Old 10-24-2020, 07:40 AM #4
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Just to be clear. He bought PART of Remington which sold off it's assets earlier this year.
they bought the Ilion NY firearms plant, and told local news outlets that it will be the hub for his companies new outdoor and sporting goods manufacturing
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Old 10-26-2020, 12:57 AM #5
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Remington went bankrupt last year and last month is was being broken apart. I think FN bought some of it etc. Sad to see.
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Old 10-26-2020, 10:22 AM #6
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Remington went bankrupt last year and last month is was being broken apart. I think FN bought some of it etc. Sad to see.
My first gun was a Remington 870 almost 30 years ago. It's a shame what's happened to them really. I hope Richmond gets them back on their feet soon.
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Old 10-26-2020, 10:57 AM #7
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I did some digging into this last night. So Richmond is Roundhill Group LLC.

I bet we would all be surprised to find out how many different businesses Richmond is involved with.
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Old 10-26-2020, 12:33 PM #8
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I did some digging into this last night. So Richmond is Roundhill Group LLC.

I bet we would all be surprised to find out how many different businesses Richmond is involved with.
I think it would be shortsighted to think paintball is all he is in to.
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Old 10-26-2020, 01:44 PM #9
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The article for those of us in the Old World who can't access that site:
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(WUTR-TV) — Richmond Italia is the new owner of the Remington Arms plant in Ilion.

“I’ve been a hunter my whole life,” said Italia. “I grew up with the name Remington, so it definitely hit a chord.”

Italia was alerted to the possibility of buying Remington 10 days before it was sold in bankruptcy court in Alabama. He said he wants the gun manufacturing to continue and be successful.

“Upper management for Remington — and I don’t want to use the word hunters — but they’re not going to be suit and ties,” said Italia. “They’re going to be guys that get their hands dirty, guys that are going to walk the floor and talk to the employees.”

According to Italia, the building is dated. He wants to renovate it and make it modern.

“You have this super modern facility with untrained staff [in Alabama] and then you go up to New York and you have the opposite, where you have incredible staff, in an antiquated facility,” said Italia. “So, I believe that probably was the single biggest mistake that the old management has done.”

Italia plans to bring back as many workers to manufacture guns as possible. About 600 plant employees are still on furlough, but it shouldn’t take much longer, according to Italia.
They still have to secure parts suppliers that also closed during the pandemic.

“We’re not talking, we’re not shutting down for six months,” said Italia. “We’re talking weeks to a maximum a couple of months. Maximum.”

The Marlin line of weapons, formerly made in the Ilion plant, was bought by Ruger. They will be moving out, but Italia said he should be able to bring back the same level of workforce.

“If we do close down Huntsville, and Sturgis, and Lenoir City, and concentrate them under one roofline, which will be Ilion, that will more than replace the employees that were lost on the Marlin line,” said Italia.
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Old 10-26-2020, 01:57 PM #10
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It makes me giggle that a guy who couldn't run 1 business, thinks he can turn around a run a different business.

In the 1800's he would have been the dildo going from town to town saying he had a machine that made it rain. 100% goof ball right here. lol.
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Old 10-26-2020, 06:06 PM #11
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They definitely bought out Remington there 15 minutes from where I live
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Old 10-26-2020, 06:50 PM #12
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And the employees were fired over the weekend
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Old 10-26-2020, 07:40 PM #13
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bet they don't have a ffl license
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Old 10-27-2020, 05:48 AM #14
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Considering what the guy did to paint quality over a 20 year span I will go ahead and say I won't be buying Remington ammo in the future.
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Old 10-27-2020, 09:04 AM #15
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Considering what the guy did to paint quality over a 20 year span I will go ahead and say I won't be buying Remington ammo in the future.
You haven't read into the sale yet, have you?

Barnes bought up the ammo division of Remington.
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Old 10-27-2020, 10:10 AM #16
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I haven't looked into the breakup too much of Remington. Kind of wondering where the Para-Ordnance property will land.

Edit - looks like it's with Mr. Italia. Roundhill Group LLC will get Panther Arms, Halcyon, and Para-Ordnance.

Last edited by Pump Scout : 10-27-2020 at 10:27 AM.
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Old 10-27-2020, 01:21 PM #17
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Considering what the guy did to paint quality over a 20 year span I will go ahead and say I won't be buying Remington ammo in the future.

Remington already makes plenty of ****ty ammo on their own, and as already been stated. The ammo division was bought by someone else.
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Old 10-28-2020, 07:47 AM #18
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bet they don't have a ffl license
The grapevine tells me you are correct.
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Old 10-28-2020, 11:25 AM #19
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The grapevine tells me you are correct.
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Old 10-29-2020, 06:32 PM #20
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Rumors are the NLB is getting involved, the old president was behind the buying and the "face" left leaving the old ceo back in charge. Sounds like Kore all over again
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Old 10-29-2020, 10:23 PM #21
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FYI

https://youtu.be/PLZa39VkRwQ


Who bought what
https://youtu.be/m7EnbAPNQMI?t=322
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