Roundhill Group scheduled to close on the sale of Remington Arms

According to an official with Roundhill Group, the company that purchased Remington Arms, minus the Marlin Line, the closing of the sale was scheduled to happen on Monday.

Posted: Oct 12, 2020 5:54 PM

ILION, N.Y. - According to Richmond Italia, an official with Roundhill Group, the company that purchased Remington Arms, minus the Marlin Line, the closing of the sale was scheduled to happen on Monday.

Also on Monday, the company told Remington Arms workers in Ilion whether they will continue their furlough, be terminated, or, offered jobs with the company under the new ownership.

Italia says the hope is to bring back a minimum of 200 hourly employees, along with the appropriate number of salaried employees to support the production.

He also says it will take around 30 to 60 days for the company to get their Federal Firearms License in place.

"I would like nothing more than to bring Ilion back to full capacity, but in order to do that we have a few hurdles to over come," Italia said in an email. "A lot of our suppliers have also shut down production and let go staff. So we need to give them time to ramp up. We have some negotiations to complete with the union."

The sale of the Remington plant in Ilion to Roundhill was approved late last month in federal bankruptcy court.

NEWSChannel2 has reached out to several Herkimer County officials for a comment.

Herkimer County Legislature Chair, Vincent Bono, did send us a statement.

"County and state officials have met with the new owners of Remington," Bono said. "The county expressed its willingness to help in the transition phase and also wanted Remington to know that the Herkimer County and Regional Workforce at the plant is second to none when it comes to quality, commitment and skilled labor."

The president of the local chapter of the United Mine Workers of America, which represents local Remington Arms workers, did not return our call.

Italia says we should know more on Tuesday.

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