Magpul Industries Relocating From Colorado to Cheyenne
Governor Matt Mead announced thursday that Magpul Industries has announced that it will relocate its manufacturing, distribution and shipping operations from Erie, Colorado to Cheyenne, Wyoming. Governor Mead expressed his support in helping with the move, which begins immediately and his appreciation for Magpul recognizing the state’s benefits to a manufacturing company.
The company plans to lease a 58,000 square foot manufacturing and distribution facility while the construction of a new 100,000+ square foot build-to-suit facility is being completed in the Cheyenne Business Parkway. This two-phased approach allows for rapid movement of operations out of Colorado where the company is currently located. Additionally, Magpul is moving its corporate headquarters to Texas.
Magpul Industries has been looking at relocation since early this year. “Magpul made the decision to relocate in March 2013 and has proceeded in an aggressive but deliberate manner,” 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.”
“Magpul has a core set of values that guides its business plan, its relationship with its employees and how it develops and produces its products,” said Randy Bruns, Chief Executive Officer of Cheyenne LEADS. “ He said Cheyenne LEADS is pursuing a grant and loan package through the Wyoming Business Council that will enable LEADS to construct a building that can be leased to Magpul.
Magpul was founded in 1999 with the intent of developing a simple device to aid in the manipulation of rifle magazines while reloading under stress. Since that time, the company has expanded its production line to include consumer products and firearm accessories from phone cases to rifle stocks to magazines based on proprietary composite material.