Freedom Munitions & Parent Company File for Chapter 11 Bankruptcy
OutdoorHub Reporters 06.11.18
Freedom Munitions, maker of new and remanufactured ammunition, has filed for Chapter 11 Bankruptcy.
In a surprising turn of events, OutdoorHub has just learned that Idaho based Freedom Munitions appears to be traveling down a similar path as other brands, such as Remington, have this year. Bankruptcy filings have been submitted on June 8th, 2018 for Howell Munitions & Technology and multiple companies under the HMT umbrella. The firearm industry has had a rocky road over the past two years, with the daily threats of gun control under President Obama having slowed under the Trump Presidency and a Republican held house.
The HMT umbrella covers a number of companies, all playing a different role in the manufacturing and sales process of their ammunition.
As they put it:
“Howell Munitions & Technology specializes in the development of ammunition, components, loading machinery and Original Equipment Manufacturer production. Using state of the art processes developed in Lewiston, Idaho, Howell Munitions & Technology and its brands achieve success by a commitment to quality, personalized service and a dedication that is unmatched in the shooting industry.“
The following companies, all owned by HMT, have submitted separate Chapter 11 filings in the State of Nevada:
HOWELL MUNITIONS & TECHNOLOGY, INC.
FREEDOM MUNITIONS, LLC
We will continue to update you as more information becomes public.
Update: Freedom Munitions issued the following email statement on 6/12/2018.
Update: As of July 1st 2019, it appears that things are humming along at Freedom Munitions and the bankruptcy did not have any long term impacts on the business. We are happy to see that Freedom Munitions was able to weather the storm and come out on the other side as a stronger business. They have a new website, more products, and what appears to be an even brighter future. Keep checking back here for more updates.
You can also read more about Freedom Munitions here.
