Palmetto State Armory

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NoDak Spud Acquired By JJE Capital

December 20, 2021 by 1 Comment

NoDak Spud is well known for their retro AR receivers, AK receivers, sights for Ruger 10/22s, and other gun parts. They are currently located in Edina, Minnesota but that will be changing.

The company has been acquired by JJE Capital Holdings which is the holding company for Palmetto State Armory and other related companies. Among the numerous firearms lines JJE Capital acquired during the auction of the Remington assets was Harrington and Richardson. NoDak Spud will be part of the H&R subsidiary.

Here is the announcement made by PSA on AR15.com:

Effective Jan 3rd, NoDak Spud will become a subsidiary of Harrington & Richardson. Mike Wetteland, co-owner of NoDak Spud will become the CEO of the newly reformed H&R.

Mike brings over 30 years of experience in the firearms industry to our team. As many of you know, Mike’s attention to detail and passion for Retro AR15’s has helped grow our hobby.

NoDak Spud will cease all operations at their Edina MN facility Dec 23rd in order to complete ship outs before the end of the year. NoDak Spud will then be relocated to West Columbia SC.

All customers that had backorders and/or were on the interested parties list for retro lowers/parts will be notified by Harlan via telephone or email.

All NoDak Spud retro parts will be rebranded as H&R. Most of the other NDS products, such as Ruger rifle sights will still be produced. Please be patient as it will take time to spin production back up.

NoDak Spud will continue to field calls and emails until we get the H&R website and staff up and running.

PLEASE DO NOT call Palmetto State Armory to place pre-orders or make product inquiries as the customer service staff has not been brought up to speed yet.

Please be assured that we will do our best to contact everyone on the NoDak lists to give them the opportunity to purchase H&R retro products.

This sale and move has generated a lot of comment on the AR-15/M-16 Retro Forum on Arfcom. From what I see it is mostly positive. Mike Wetteland is a participant there and is assuring people that this is meant to be a “sustainable endeavor”. As H&R made some of the M16A1 lower, people seem excited to be able to get a new lower with the H&R rollmark on it.

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PSA’s In Your Face Response To Biden

June 29, 2021 by 3 Comments

I imagine most people by now have heard about President Biden’s speech where he said you needed F-15s and nukes to take on the US government. Of course there are always those naysayers ranging from the Viet Cong to the Taliban to just about everyone in the gun culture.

The memes have abounded as social media has shown.

Palmetto State Armory is going one step beyond the memes. They are now offering “Tyranny-15” stripped AR lowers for pre-sale.

It is a pre-order item going for $79.99 with about a 12 week lead time.

I have to hand it to them. This is about as in your face as it gets from its name to the engravings. Even the serial number string of TJEFFERSON xxxx recalls Thomas Jefferson’s 1787 “Tree of Liberty” letter where he said the “the tree of liberty must be refreshed from time to time with the blood of patriots and tyrants.” This was the quotation that Biden mangled in his speech.

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Remington Selling Ammo Business To SC Company

September 10, 2020 by 2 Comments

The Wall Street Journal reported yesterday that Remington Arms has agreed to sell its ammunition business for $65 million plus assumption of debt. The buyer is JJE Capital Holdings of Columbia, SC. You may not recognize JJE Capital but you will recognize one of their biggest portfolio companies – Palmetto State Armory.

From the WSJ:

Firearms maker Remington Outdoor Co. has agreed to sell its ammunition business out of bankruptcy to South Carolina-based investment firm JJE Capital Holdings LLC for $65 million plus the assumption of liabilities, subject to better offers.

The JJE offer came in the form of a stalking-horse bid, setting a floor on the sale price for Remington’s ammunition business, which the company has been marketing while in chapter 11. Remington filed for bankruptcy protection in July and has been open to selling its ammunition and firearms operations to pay off its debt.

JJE Capital is considered a “stalking horse bidder” meaning they were given the opportunity to make the first bid. This first bid then serves as a floor for the price of that asset in bankruptcy.

According to papers filed with the bankruptcy court in Alabama, JJE Capital would get Remington’s Arkansas plant, its lease on its Utah property (Barnes Bullets), any improvements made to the Utah property, all the equipment and machinery, all the existing contracts for ammunition, and all the intellectual property. All permits for things like storm water and all special licenses from ATF and the Department of State would be transferred as allowed by law.

As noted in the Wall Street Journal report, this all is subject to both court approval and to any potentially higher bids.

H/T Peter

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#OneMore

March 25, 2018 by 3 Comments

Those guys in South Carolina really know how to stick it in the face of the gun prohibitionists. Palmetto State Armory is selling AR lowers with the logo #ONEMORE engraved on it. They are even on sale this weekend.

If I needed another AR lower, I’d certainly consider it. As it is, I have too many builds planned with the parts bought and not enough time.