{"id":30142,"date":"2020-03-24T17:48:25","date_gmt":"2020-03-24T17:48:25","guid":{"rendered":"https:\/\/onlygunsandmoney.com\/?p=30142"},"modified":"2020-03-24T17:48:27","modified_gmt":"2020-03-24T17:48:27","slug":"firearms-industry-closures-and-acquisitions","status":"publish","type":"post","link":"https:\/\/onlygunsandmoney.com\/?p=30142","title":{"rendered":"Firearms Industry &#8211; Closures and Acquisitions"},"content":{"rendered":"<div class='__iawmlf-post-loop-links' style='display:none;' data-iawmlf-post-links='[{&quot;id&quot;:5011,&quot;href&quot;:&quot;https:\\\/\\\/montanarifleco.com\\\/developments&quot;,&quot;archived_href&quot;:&quot;&quot;,&quot;redirect_href&quot;:&quot;&quot;,&quot;checks&quot;:[],&quot;broken&quot;:false,&quot;last_checked&quot;:null,&quot;process&quot;:&quot;done&quot;},{&quot;id&quot;:5012,&quot;href&quot;:&quot;https:\\\/\\\/cz-usa.com\\\/cz-usa-closed-due-to-emergency-order&quot;,&quot;archived_href&quot;:&quot;&quot;,&quot;redirect_href&quot;:&quot;&quot;,&quot;checks&quot;:[],&quot;broken&quot;:false,&quot;last_checked&quot;:null,&quot;process&quot;:&quot;done&quot;},{&quot;id&quot;:5013,&quot;href&quot;:&quot;https:\\\/\\\/americanholoptics.com&quot;,&quot;archived_href&quot;:&quot;&quot;,&quot;redirect_href&quot;:&quot;&quot;,&quot;checks&quot;:[],&quot;broken&quot;:false,&quot;last_checked&quot;:null,&quot;process&quot;:&quot;done&quot;},{&quot;id&quot;:5014,&quot;href&quot;:&quot;https:\\\/\\\/www.koucar.com\\\/diversified-operations&quot;,&quot;archived_href&quot;:&quot;https:\\\/\\\/web-wp.archive.org\\\/web\\\/20220927075142\\\/https:\\\/\\\/koucar.com\\\/diversified-operations\\\/&quot;,&quot;redirect_href&quot;:&quot;&quot;,&quot;checks&quot;:[{&quot;date&quot;:&quot;2026-04-17 04:42:14&quot;,&quot;http_code&quot;:404}],&quot;broken&quot;:false,&quot;last_checked&quot;:{&quot;date&quot;:&quot;2026-04-17 04:42:14&quot;,&quot;http_code&quot;:404},&quot;process&quot;:&quot;done&quot;},{&quot;id&quot;:5015,&quot;href&quot;:&quot;https:\\\/\\\/www.elitedefense.com&quot;,&quot;archived_href&quot;:&quot;&quot;,&quot;redirect_href&quot;:&quot;&quot;,&quot;checks&quot;:[],&quot;broken&quot;:false,&quot;last_checked&quot;:null,&quot;process&quot;:&quot;done&quot;},{&quot;id&quot;:5016,&quot;href&quot;:&quot;https:\\\/\\\/heltechnologies.com&quot;,&quot;archived_href&quot;:&quot;&quot;,&quot;redirect_href&quot;:&quot;&quot;,&quot;checks&quot;:[],&quot;broken&quot;:false,&quot;last_checked&quot;:null,&quot;process&quot;:&quot;done&quot;}]'><\/div>\n<p>Just like the rest of American industry, there are changes going on in the firearms industry.<\/p>\n\n\n\n<p><a href=\"https:\/\/montanarifleco.com\/developments\/\" class=\"rank-math-link\" target=\"_blank\" rel=\"noopener\">It was announced late last week<\/a> that the Montana Rifle Company would be closing its doors immediately. They made some very nice higher end bolt action hunting rifles. They had been bought in early 2019 by the Montana Outdoor Group.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"632\" height=\"214\" src=\"https:\/\/onlygunsandmoney.com\/wp-content\/uploads\/2020\/03\/mrclogo-closure.png\" alt=\"\" class=\"wp-image-30143\" srcset=\"https:\/\/onlygunsandmoney.com\/wp-content\/uploads\/2020\/03\/mrclogo-closure.png 632w, https:\/\/onlygunsandmoney.com\/wp-content\/uploads\/2020\/03\/mrclogo-closure-300x102.png 300w\" sizes=\"auto, (max-width: 632px) 100vw, 632px\" \/><\/figure>\n\n\n\n<p>From their release on the closure:<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p> \u201cWhile sales of our popular calibers have been outstanding, production levels have not risen to a profitable level to continue, without additional investments,\u201d CEO Calvin Bontrager explained. \u201cNew equipment would be required to reach a service level demanded by our dealers and conservation groups.\u201d<\/p><p><br>Montana Rifle has been producing custom-grade rifles for nearly 25-years and has been awarded \u201cNRA\u2019s Gun of the Year\u201d in 2016 and \u201cNRA\u2019s Gun of the Year\u201d in 2018. Montana Rifle has also produced limited editions for California Waterfowl, SCI, RMEF, and many other conservation organizations.<\/p><p><br>\u201cWith sales of the popular M1999 control feed actions nearly doubling in 2019, Montana Outdoor Group, is actively searching for restructuring opportunities,\u201d Bontrager continued. <\/p><\/blockquote>\n\n\n\n<p>The temporary closures related to COVID-19 are also impacting manufacturing side of the firearms industry. <\/p>\n\n\n\n<p><a href=\"https:\/\/cz-usa.com\/cz-usa-closed-due-to-emergency-order\/\" class=\"rank-math-link\" target=\"_blank\" rel=\"noopener\">CZ-USA sent out a message today<\/a> that production and shipment delays would be the rule for the next 30 days at least. This is due to local and state orders limiting activities which has caused them to close.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p> CZ-USA operations are subject to an Emergency Order from our local government which forces us to close our facilities in Kansas City, Kansas until at least April 23rd. Likewise, our Dan Wesson Firearms facility in Norwich, NY was closed under similar circumstances late last week due to an\u00a0order from the state of New York.\u00a0\u00a0<\/p><p><br>For the next 30 days, production and shipment delays are inevitable. We apologize for the inconvenience we know this will cause &#8212; we hold our nation&#8217;s Second Amendment rights to be sacred and are very concerned about the impact that emergency orders will have on our customers. We will work diligently to deliver products as soon as legally possible, while maintaining social responsibility and compliance with government orders. <\/p><\/blockquote>\n\n\n\n<p>Finally, EOTech has been purchased from L3Harris by <a href=\"https:\/\/americanholoptics.com\/\" class=\"rank-math-link\" target=\"_blank\" rel=\"noopener\">American Holoptics LLC.<\/a><\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p> American Holoptics LLC\u2122,\u00a0a privately-held U.S. company,\u00a0has signed a definitive agreement with L3Harris\u2122 to acquire EOTech\u00ae.The transaction is expected to close mid-2020 and is conditioned on customary closing conditions. American Holoptics is a subsidiary of Koucar Management, whose strategic acquisitions of Elite Defense\u00ae and HEL Technologies\u2122 represent a solid foundation of cutting-edge optical science and weapons systems distribution.\u00a0The American Holoptics leadership team has an\u00a0exceptionally broad and deep experience providing\u00a0high-quality\u00a0products to the global weapons accessory market. In addition, this team has a proven track record of building customer-first and technology-focused organizations. &#8220;We&#8217;re proud to sign this agreement to join our team and technology with the EOTech brand,&#8221;\u00a0says\u00a0Matt Van Haaren, CEO of American Holoptics. &#8220;EOTech brings together technologically advanced product lines and production capabilities that will integrate well with our existing business and strategically expand our product portfolio. Together we will deliver an\u00a0all-new\u00a0level of service, innovation, and integrity to military, law enforcement and civilian users around the world.&#8221;\u00a0 <\/p><\/blockquote>\n\n\n\n<p><a href=\"https:\/\/www.koucar.com\/diversified-operations\/\" class=\"rank-math-link\" target=\"_blank\" rel=\"noopener\">Koucar Management<\/a> is a privately held Michigan-based company that owns companies in a variety of industries including construction, property management, hotels, software, and technology. In the firearms and defense industry realm, they own <a href=\"https:\/\/www.elitedefense.com\/\" class=\"rank-math-link\" target=\"_blank\" rel=\"noopener\">Elite Defense<\/a>, American Holoptics, and <a href=\"https:\/\/heltechnologies.com\/\" class=\"rank-math-link\" target=\"_blank\" rel=\"noopener\">HEL Technologies<\/a>. They also own companies like Detroit Taco Company and Cambria Hotels.<\/p>\n<div style=\"margin-top: 0px; margin-bottom: 0px;\" class=\"sharethis-inline-share-buttons\" ><\/div>","protected":false},"excerpt":{"rendered":"<p>Just like the rest of American industry, there are changes going on in the firearms industry. It was announced&hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[1],"tags":[5171,5172,5173,2730,1339,5175,5174],"class_list":["post-30142","post","type-post","status-publish","format-standard","hentry","category-uncategorized","tag-american-holoptics","tag-cz-usa","tag-dan-wesson","tag-eotech-optics","tag-firearms-industry","tag-koucar-management","tag-montana-rifle-company"],"_links":{"self":[{"href":"https:\/\/onlygunsandmoney.com\/index.php?rest_route=\/wp\/v2\/posts\/30142","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/onlygunsandmoney.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/onlygunsandmoney.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/onlygunsandmoney.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/onlygunsandmoney.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=30142"}],"version-history":[{"count":1,"href":"https:\/\/onlygunsandmoney.com\/index.php?rest_route=\/wp\/v2\/posts\/30142\/revisions"}],"predecessor-version":[{"id":30144,"href":"https:\/\/onlygunsandmoney.com\/index.php?rest_route=\/wp\/v2\/posts\/30142\/revisions\/30144"}],"wp:attachment":[{"href":"https:\/\/onlygunsandmoney.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=30142"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/onlygunsandmoney.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=30142"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/onlygunsandmoney.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=30142"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}