September 03, 2013
Sturm, Ruger & Company, Inc. (NYSE-RGR) announced today that it has finalized the purchase of a 220,000 square foot facility in Mayodan, North Carolina. This is the Company’s first major expansion in over 25 years, and production at the new facility is expected to begin during the first quarter of 2014.
In conjunction with Ruger’s announcement, the Rockingham County Board of Commissioners approved their package of incentives for Ruger and the Mayodan Town Council is expected to do the same next Monday.
As part of their deal, the town of Mayodan and Rockingham County officials had to offer incentives to the company.
Rockingham County Commissioners approved incentives in the amount of $942,000, Tuesday night.
Mayodan has scheduled a public meeting for September 9 on their incentives offer to Ruger. Town officials are offering $823,000.
The company won’t receive any incentives until 2015 and it will be over a 14 year period.
The manager of the new Ruger plant, Mickey Wilson, said at the commissioners’ meeting that Ruger wanted to be in Rockingham County.
“We sought Rockingham County,” Wilson said. “It was all based on available real estate at the beginning and through our diligence process we found that the workforce was equally as good as the available real estate.”
“Plus we’re big on Second-Amendment rights,” said Vice Chariman Craig Travis.
There is no word yet on exactly what firearms will be made at the Mayodan plant. However, some production will be shifted from the Newport, NH plant to Mayodan according to the plant manager.
Mickey Wilson, the plant manager, said the company will shift two production lines from Ruger’s New Hampshire plant, with the other lines being dedicated to new products and designs. The initial hiring will include production workers, tool makers and engineers for manufacturing and product design.
“We are planning for a soft opening in the first quarter, but we would like to go full force as quickly after that as we can,” Wilson said.
Just last week, Ruger announced their new Ruger American Rimfire rifle. This was the first new firearm introduced by Ruger since January at the SHOT Show. I’m sure they have more designs ready to go and are only waiting for the production lines to be set up in Mayodan.