Magpul Industries announced today that it is relocating its operations to Wyoming and Texas.
The company is relocating manufacturing, distribution and shipping operations to Cheyenne, Wyoming. Magpul is leasing a 58,000 square foot manufacturing and distribution facility during the construction of a 100,000 square foot build-to-suit facility in the Cheyenne Business Parkway. The Wyoming relocation is being completed with support from Governor Matt Mead, the Wyoming Business Council and Cheyenne LEADS.
Magpul is moving its corporate headquarters to Texas. Three North Central Texas sites are under final consideration, and the transition to the Texas headquarters will begin as soon as the facility is selected. The Texas relocation is being accomplished with support from Governor Rick Perry and the Texas Economic Development Corporation.
Wyoming Governor Matt Mead welcomed them:
“Wyoming and Magpul are a great match. The state is looking to expand and diversify its economy. Bringing an innovative and growing manufacturing operation to Wyoming is a significant step for the state. We offer Magpul an attractive tax environment, stable and reasonable regulations, not to mention a firm commitment to uphold the Second Amendment,” Governor Mead said.
As did Texas Governor Rick Perry:
“In Texas, we understand that freedom breeds prosperity, which is why we’ve built our economy around principles that allow employers to innovate, keep more of what they earn, and create jobs,” Gov. Perry said. “I’m proud that Magpul is the latest employer to join the ranks of companies that call Texas home.”
Colorado just lost a business that does somewhere around $80 million in yearly revenue.