Freedom Munitions Files Bankruptcy

By Tom Knighton

Despite the monthly reports of record gun sales, the firearm industry remains in trouble. Remington just got out of bankruptcy, for example. We’ve written a lot about Federal Premium Ammunition’s struggles as well. There are definite problems.

And now, another company is declaring bankruptcy.

Freedom Munitions is filing for Chapter 11 bankruptcy. It’s filing for bankruptcy along with other related brands including Howell Machine and X-Treme Bullets. The brands are owned by Howell Munitions & Technology and all four entities are filing in Reno, Nev.

Chapter 11 bankruptcy allows companies to reorganize their structure and debt. The Freedom Munitions website is still up and running where they sell guns, ammo and other shooting accessories. The X-Treme Bullets page is up and working, too.

“We would like to take this time to assure our valuable customers of the ongoing commitment to provide affordable ammunition to shooting sport enthusiasts around the country,” said Freedom Munitions.

“Freedom Munitions will continue to manufacture ammunition, ship orders and provide the best service we possibly can,” they added. “We are still here and plan …Read the Rest

Source:: Bearing Arms