Top gun company splits from Colorado, costing state $85 million

by Valerie Richardson-The Washington Times  |  published on January 3, 2014

Magpul
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.

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