Magpul Industries Relocates Manufacturing Center To Cheyenne, Wyoming-Headquarters To Texas
Area Development Online News Desk (01/02/2014)
Firearm accessory producer Magpul Industries is relocating its 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.
Magpul was founded in 1999 to develop a simple device to aid in the manipulation of rifle magazines while reloading under stress. Since that time, the company expanded its production line to include consumer products and firearm accessories from phone cases to rifle stocks to magazines based on proprietary composite material.
“Wyoming and Magpul are a great match. The state is looking to expand and diversify its economy. Bringing an innovative and growing manufacturing operation to Wyoming is a significant step for the state. We offer Magpul an attractive tax environment, stable and reasonable regulations, not to mention a firm commitment to uphold the Second Amendment,” Gov. Mead said.
The company’s two-phased approach of relocating its manufacturing center to Wyoming and headquarters to Texas allows for rapid movement of operations out of Colorado where the company is currently located.
The firm’s Wyoming relocation is assisted by support from Gov. Matt Mead, the Wyoming Business Council and Cheyenne LEADS. Magpul Industries has been looking at relocation since early this year. “Magpul made the decision to relocate in March 2013 and has proceeded in an aggressive but deliberate manner,” 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.”
“Magpul has a core set of values that guides its business plan, its relationship with its employees and how it develops and produces its products,” said Randy Bruns, Chief Executive Officer of Cheyenne LEADS. “We are pleased that they will be anchoring that approach to business here in southeast Wyoming. The company’s move to Cheyenne represents a significant expansion of local manufacturing and job diversity.”
Cheyenne LEADS is pursuing a grant and loan package through the Wyoming Business Council that will enable LEADS to construct a building that can be leased to Magpul. Cheyenne LEADS secured a temporary facility in a vacant warehouse and has committed to bring it into useable condition and make it available to Magpul while a new facility is under construction.
“This project has clearly been a team effort of the Governor’s Office, the Wyoming Business Council, Laramie County and Cheyenne LEADS, working closely with Magpul,” states Bruns. “It is to the credit of the Cheyenne community and LEADS’ board of directors, past and present, that LEADS has the capacity to play an important role in bringing Magpul here.”
“This company brings a new level of manufacturing capability to Cheyenne and the state,” stated Bob Jensen, Chief Executive Officer of the Wyoming Business Council. “It will serve as a magnet that will help significantly grow Wyoming’s manufacturing industry and is a great investment for Wyoming.”
In addition to its move to Wyoming, 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 company said its Texas relocation is being accomplished with support from Texas Governor Rick Perry and the Texas Economic Development Corporation.
The company said 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. Magpul plans on initially transitioning 92 percent of its current workforce outside of Colorado within 12 to 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.”