![]() ![]() ![]() In a statement posted to its Facebook page, the company reiterated it is focused on remaining in business: The bankruptcy filing indicates Howell intends to remain in business, and Freedom Munitions’ website is still up and accepting orders for ammunition as of press time. Shortly thereafter, Howell filed for bankruptcy protection in Nevada, according to court documents, and the company has continued with its restructuring efforts in the aftermath. Howell subsequently regained control and the bank-appointed CRO was let go, reports indicated at the time. The move came after reports indicated company founder David Howell was apparently forced out as president earlier this year, and one of Howell Munitions’ creditors, Zions First National Bank, appointed a chief restructuring officer to deal with the company’s credit issues and to transition its business model. On June 12 of this year, along with its subsidiaries and brands - including Freedom Munitions, X-Treme Bullets, RangeTime Training Ammunitions, Ammo Load Worldwide Inc., and Howell Machine - Howell Manufacturing and Technology filed for Chapter 11 bankruptcy protection. In case you’ve missed the story so far, Howell, primarily a manufacturer of ammunition, components, and loading equipment, went through several rounds of layoffs and consolidations both in 2017 and this year, hinting at greater problems within the company. It’s no secret that Freedom Munitions and its parent company, Howell Munitions, and Technology based in Lewiston, Idaho, have faced substantial difficulties over the course of the last 2 years. Trending: Best Ammo In Stock, Best AR-15, & Best 9mm Pistols
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