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Magpul Industries relocating to Wyoming and Texas

Magpul Industries relocating to Wyoming and Texas
Magpul Industries relocating to Wyoming and Texas
Photo by Handout/Getty Images

Magpul Industries, the Colorado firearms magazine maker announced Jan. 2 that it is moving its operations and corporate services to Wyoming and Texas from Colorado, according to a Yahoo Finance News report. Magpul's manufacturing, distribution and shipping operations will head to Cheyenne, Wyoming, and the corporate headquarters will move to Texas.

According to Reuters, the company is finally following up its threats to leave its Colorado base because of new gun restrictions. “Moving operations to states that support our culture of individual liberties and personal responsibility is important,” Magpul Chief Executive Richard Fitzpatrick said in a statement on Thursday.

Magpul threatened to relocate its business last year in response to new laws banning ammunition magazines that hold more than 15 rounds and require more stringent background checks. “This relocation will also improve business operations and logistics as we utilize the strengths of Texas and Wyoming in our expansion,” Fitzpatrick said.

The company has already secured a lease on a 58,000-square-foot manufacturing and distribution facility while it awaits completion of the construction of a 100,000-square-foot build-to-suit facility in the Cheyenne Business Parkway, Yahoo Finance News reports. The Texas location is still under consideration.