BOULDER COUNTY, Colo. - Magpul Industries Corp., a Boulder County gun magazine manufacturer, is moving its operations to Texas and Wyoming nine months after the firm vowed to leave Colorado in protest of a new state gun-control law restricting the size of ammunition magazines.
"Moving operations to states that support our culture of individual liberties and personal responsibility is important," Richard Fitzpatrick, Chief Executive Officer for Magpul Industries, said in a Thursday news release.
"Magpul plans on initially transitioning 92% of its current workforce outside of Colorado within 12-16 months," the company said. However, Magpul said will maintain "limited operations in Colorado."
The company said it was relocating manufacturing, distribution and shipping operations to Cheyenne, Wyo. "The Wyoming relocation is being completed with support from Governor Matt Mead, the Wyoming Business Council and Cheyenne LEADS," the firm's release said.
"Magpul is moving its corporate headquarters to Texas," the firm said. "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," said 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 noted that it "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."