Magpul Pulling Up Stakes in Colorado, Heading to Texas and Wyoming
Keeping good on its promise to leave Colorado in reaction to the draconian gun laws passed in March 2013, "high capacity" magazine maker Magpul Industries has announced it will relocate to Texas and Wyoming.
On March 4 of last year Breitbart News reported that Magpul was leaving Colorado "if Democrats in the state house and senate [succeeded] in passing a high capacity magazine ban."
The ban was passed, so Magpul is leaving and taking with it the $85 million it would have generated for Colorado in 2014.
According to The Washington Times, Magpul CEO Richard Fitzpatrick is splitting his business by taking corporate headquarters to Texas and moving the company's manufacturing portion to Cheyenne, Wyoming. Fitzpatrick said this an effort to relocate to states "that support [Magpul's] culture of individual liberties and personal responsibility."
Wyoming Governor Matt Mead (R) responded to the news by describing "Wyoming and Magpul [as] a great match." He mentioned Wyoming's low taxes, lack of cumbersome business regulations, and his own "firm commitment to uphold the Second Amendment."
In February of last year Texas Governor Rick Perry (R) reached out to Magpul, along with other firearm and firearm accessory manufacturers, reminding them that Texas wanted their business and hoping Magpul would consider Texas a "business-friendly" option.
Upon receiving news that Magpul was coming to Texas, Perry said he was "proud that Magpul is the latest employer to join the ranks of companies that call Texas home."
Follow AWR Hawkins on Twitter @AWRHawkins.