When the State of Colorado passed its restrictive laws prohibiting the manufacture and sale of standard capacity firearm magazines, MAGPUL Industries, a global supplier of high performance rifle magazines and accessories, rightfully made its decision to move its operations. MAGPUL’s management made their intensions known early in 2013.
The law passed Colorado’s Legislature in March 2013, which set MAGPUL’s wheels in motion. Relocating a global company is not as simple as loading up the U-Haul and heading out of town; corporations must consider taxes, incentives, risk mitigation, operating costs, availability of labor, accessibility to markets and other resources before making a decision, so move decisions take month’s to solidify, and the company took a great deal of heat for not making public its decision, even to the extent of suffering accusations that the move was all a hoax.
At last, any move hoax theories can now be put to rest, for good, and replaced by the AK PMAG hoax theory. Just kidding! Our congratulations goes out to Texas, especially Governor Rick Perry and to Wyoming, both of these states are gaining a great company and citizen partner.
MAGPUL INDUSTRIES ANNOUNCES PLANS FOR RELOCATION
Company Is Moving Operations to Wyoming and Texas
Magpul Industries announced today that it is relocating its operations to Wyoming and Texas.
The company is relocating manufacturing, distribution and shipping operations to Cheyenne, Wyoming. Magpul is leasing a 58,000 square foot manufacturing and distribution facility during the construction of a 100,000 square foot build-to-suit facility in the Cheyenne Business Parkway. The Wyoming relocation is being completed with support from Governor Matt Mead, the Wyoming Business Council and Cheyenne LEADS.
Magpul is moving its corporate headquarters to Texas. Three North Central Texas sites are under final consideration, and the transition to the Texas headquarters will begin as soon as the facility is selected. The Texas relocation is being accomplished with support from Governor Rick Perry and the Texas Economic Development Corporation.
“Magpul made the decision to relocate in March 2013 and has proceeded on an aggressive but deliberate path” says Doug Smith, Chief Operating Officer for Magpul Industries. “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 began a nationwide search for a new base of operations after legislation was enacted in Colorado that dramatically limits the sale of firearms accessories – the core of Magpul’s business. Magpul plans on initially transitioning 92% of its current workforce outside of Colorado within 12-16 months and will maintain only limited operations in Colorado.
“Moving operations to states that support our culture of individual liberties and personal responsibility is important,” says Richard Fitzpatrick, Chief Executive Officer for Magpul Industries. “This relocation will also improve business operations and logistics as we utilize the strengths of Texas and Wyoming in our expansion.”
Founded in 1999, Magpul was launched to manufacture an innovative device to aid in the manipulation of rifle magazines while reloading under stress. The company’s name comes from the original product called the Magpul. Over the last decade Magpul has continued to grow and develop into additional product areas using much the same mission and process with a focus on innovation, creativity, and efficiency.
For more information, please contact Duane Liptak at email@example.com, 303.828.3460 x170.