Magpul Industries is moving its corporate headquarters to Texas and manufacturing facility to Wyoming from Colorado, where the state’s legislature last year approved gun-control measures that were met with outcry from residents and outdoors industry companies.
Magpul made the announcement Jan. 2. It is relocating manufacturing, distribution and shipping operations to Cheyenne, Wyo. 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. The Wyoming relocation is being completed with support from Gov. Matt Mead, the Wyoming Business Council and Cheyenne LEADS.
“Wyoming and Magpul are a great match,” said Gov. Mead. “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.”
Magpul is moving its corporate headquarters to Texas. Three north central Texas sites are under final consideration. The transition to the Texas headquarters will begin as soon as the facility is selected. The Texas relocation is being accomplished with support from Gov. Rick Perry and the Texas Economic Development Corporation.
“In Texas, we understand that freedom breeds prosperity, which is why we’ve built our economy around principles that allow employers to innovate, keep more of what they earn, and create jobs,” Gov. Perry said. “I’m proud that Magpul is the latest employer to join the ranks of companies that call Texas home.”
“Excessive government regulation undermines a culture based on personal responsibility and creates a detrimental business environment,” Magpul CEO Richard Fitzpatrick said. “Texas supports personal freedoms and our company will thrive in that environment.”
Gov. Perry has reached out to more than 30 firearm manufacturers in states across the country that are considering restricting sales and manufacturing in the industry. Magpul cited the Lone Star State’s business-friendly environment, predictable regulations and consistent respect for the Second Amendment as key elements in its decision to relocate.
“Magpul made the decision to relocate in March 2013 and has proceeded on an aggressive but deliberate path,” 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.”
The company 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 12-16 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,” Fitzpatrick said. “This relocation will also improve business operations and logistics as we utilize the strengths of Texas and Wyoming in our expansion.”
Founded in 1999, Magpul was launched to manufacture an innovative device to aid in the manipulation of rifle magazines while reloading under stress. The company’s name comes from the original product called the Magpul. Over the last decade Magpul has continued to grow and develop into additional product areas using much the same mission and process with a focus on innovation, creativity, and efficiency.