Saturday, July 13, 2013

Connecticut Anti-Second Amendment fallout: Sturm, Ruger & Co. building new plant in North Carolina

Yet another Connecticut-based gun manufacturer is setting up shop in a friendlier locale. 
Sturm, Ruger & Co. announced Monday that it is building a new facility in North Carolina, bringing with it revenue and several hundred new jobs. 
The company released the news on its website on Monday: 
“Sturm, Ruger & Co., Inc. (NYSE: RGR) announced today that it plans to open its third manufacturing plant, a 220,000 square foot facility in Mayodan, North Carolina,” the statement said. “This will be the Company’s first major expansion in over 25 years and it is expected to be finalized in August.”
According to The New Hampshire Business Review, the expansion comes after Sturm, Ruger & Co. CEO Michael Fifer revealed to investors back in May that the company had reached its capacity at its other facilities in New Hampshire and Arizona.
The new plant is expected to bring up to 500 jobs and an investment of 30 million dollars to the area.

Read the full story HERE.

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