With rising commodity prices of base metals, it will come as no surprise to hear that ammo prices will rise. iAmmo e-news released this letter they received from ATK Ammo Manufacturing who makes the Federal and associated lines of ammunition.
The following is a letter from ATK Ammunition Manufacturing:
ATK Security and Sporting
900 Ehlen Drive Anoka, MN 55303
February 1, 2011
Dear ATK Ammunition Customer:
I would like to thank you for your continued support of the ATK Ammunition brands. We are now into 2011 and continue to see unprecedented cost increases for the raw materials that make up our products. I can assure you that we have invested significant capital to increase productivity and lower costs across all of our facilities. However, we are unable to absorb the rapid increase of these raw material costs.
Due to these historic increases we are forced to raise pricing as follows:
Centerfire Handgun and Rifle 7-15%
Promotional Rimfire 10-15%
Standard Rimfire 5-10%
This increase will apply to any orders shipped after May 1, 2011. The new pricing and programs will be sent to you in the next few weeks.
Thank you for your continued support and understanding.
Anthony A. Acitelli