SEE YA: Top gun company splits from Colorado, costing state $85 million
Company denounces state curbs passed by Democrats
By Valerie Richardson
The Washington Times
Thursday, January 2, 2014
ERIE, Colo. — Magpul Industries, a leading firearms accessories maker, will relocate its extensive manufacturing facilities to Texas and Wyoming in response to the Colorado legislature’s enactment of sweeping gun control legislation last year, the company announced Thursday.
At the same time, the company plans to maintain a toehold in Colorado to continue to fight the gun control bills passed by the Democrat-dominated General Assembly and signed in March by Gov. John Hickenlooper, a Democrat.
“Moving operations to states that support our culture of individual liberties and personal responsibility is important,” said Magpul CEO Richard Fitzpatrick, who started the privately held company in 1999 from the basement of his home in Longmont, Colo. “This relocation will also improve business operations and logistics as we utilize the strengths of Texas and Wyoming in our expansion.”
The cost to Colorado’s economy, according to the company: $85 million in local economic activity and up to 400 supply-chain jobs.
Magpul officials plan to split the company’s corporate and manufacturing arms, which are now in Erie, Colo. The corporate headquarters will relocate to Texas, and a site-selection committee has narrowed the destination to three places in the state’s north-central region.
Meanwhile, Magpul’s manufacturing and distribution facility will move about 80 miles north to Cheyenne, Wyo.