January 3, 2014 by Cheryl Carpenter Klimek
Photo credit: Magpul Industries Facebook page
Magpul Industries is moving its firearm accessories manufacturing operations and corporate headquarters out of Colorado because of recent anti-gun legislation.
The company has been working with Wyoming Gov. Matt Mead’s support to relocate manufacturing, distribution and shipping operations to Cheyenne, within 12-16 months, according to a statement issued Thursday.
“Wyoming and Magpul are a great match,” Mead said in a statement. “We offer Magpul an attractive tax environment, stable and reasonable regulations, not to mention a firm commitment to uphold the Second Amendment.”
Magpul is also working with Gov. Rick Perry to move its corporate headquarters to one of three Texas sites, the statement said.
“In Texas, we understand that freedom breeds prosperity, which is why we’ve built our economy around principles that allow employers to innovate, keep more of what they earn, and create jobs,” Perry said.
It’s no surprise that the company is leaving Colorado.
“Magpul made the decision to relocate in March 2013 and has proceeded on an aggressive but deliberate path,” Magpul Industries Chief Operating Officer, Doug Smith said. “These dual moves will be carried out in a manner that ensures our operations and supply chain will not be interrupted and our loyal customers will not be affected.”
The company pledged to move its operations after Colorado lawmakers passed sweeping gun-control measures, signed into law by Gov. John Hickenlooper in March.
“Moving operations to states that support our culture of individual liberties and personal responsibility is important,” Magpul Chief Executive Officer, Richard Fitzpatrick said. “This relocation will also improve business operations and logistics as we utilize the strengths of Texas and Wyoming in our expansion.”
Source bizpacreview
