Dakota appears to have been bought out of Bankruptcy by a real estate investment group named Roundhill Group.

Roundhill also bought Remington Arms, but I do not know if they bought the brand or the manufacturing facility.

Wow. Didn't know about any of this news. Thanks LHeym500.

I'm hoping all goes well for Dakota. Love their rifles and own a number of them.

Is "Roundhill" a proxy buyer for the original owners and possibly a shady deal ?
Buy back their own assets cheaply and erase previous debts ?
Fresher and lesser debt ?
Let go 600+ employees in New York, with a few days notice, and not pay severance and other obligations to them ?
What a mess has been made of Remington !

All I know about Roundhill is they are a real estate investor group. I know nothing about them.

I love Dakota as an idea. I would rather have a 80s Dakota than a 2010s Holland and Holland.

Remington’s old ownership may, it has been done before, be able to discharge any judgments or liens from the Sandy Hook lawsuits.

Roundhill did buy the manufacturing facility for Remington, but I do not know about purchase of Dakota’s manufacturing facility.

My gut is Remington becomes a contract manufacturing product company (asset light model). Someone makes the product for them and they stick their name on it.

Not sure there is much left for Dakota - the higher price point rifle market has moved past the wood and steel Dakota rifles.

Mike

Why purchase the manufacturing facility if they are not going to manufacture?

I guess they could sell the New York property.