AR-15 rifle manufacturer raiden to close its Texas warehouse
Texas-based AR-11 and AR-16 maker Raiden announced Monday that it would close its Austin warehouse.
The company has been a mainstay of the U.S. gun market for over a decade, but its stock fell more than 3% in the days after the announcement.
The Texas company said it will close its doors on February 1, 2019.
The AR-10 rifle was the most popular rifle in the United States during the 1980s, and the company has since produced several variants of the weapon.
A separate company, Barrett Browning, also has a Texas facility.
The raiden company said in a statement that it is “disappointed” in the announcement, adding that it expects to continue producing high-quality firearms at its Texas facility, where it has had a facility since 2005.
“Raiden is committed to serving our customers in Texas, including those who rely on our products,” the statement said.
“As a result, we are discontinuing all manufacturing operations at the Texas facility.”
AR-12 rifle manufacturer AR-14, which has its Texas plant in the Houston suburb of Shreveport, said in the statement that the company was “disgusted” to hear of the decision.
“While we understand that the decision has been made for the best interests of the company, we have no plans to reopen our Shreveports facility,” the company said.
AR-5 rifle manufacturer Barrett Browner said in its statement that AR-13 rifles would be discontinued as well.
The news comes just days after U.K.-based gun maker Sturm, Ruger & Laurent said it was moving its headquarters to Texas after having its Texas production shut down in 2018.
The move comes just weeks after Bloomberg reported that the National Rifle Association has been trying to get Congress to enact legislation that would allow it to move its headquarters from California to Texas.