Fear & Loading: Financial Strife at a Pair of Industry Firms

by
posted on March 22, 2019
hudson.jpg

Hudson Manufacturing, which introduced the 9 mm H9 semi-auto pistol in January 2018, filed for chapter 7 bankruptcy on March 14, citing between $10 million and $50 million in liabilities and less than $50,000 in assets. If the court grants the motion, the company’s inventory, machinery and everything it owns of value would be liquidated to pay creditors.

The firm’s financial challenges became public during the late summer of 2018, when Cambridge Valley Machining filed a lawsuit alleging it failed to make complete payment for ordered parts. The response filed by Hudson Manufacturing claimed the amount paid reflects the supplied components return rate due to inadequate machining and quality-control issues in the product.

Hudson Manufacturing reserved space at the 2019 SHOT Show in Las Vegas, Nev., although the booth remained empty throughout the event. Cy and Lauren Hudson began working on the H9 concept—a striker-fired 9 mm with a 1911-style trigger—in 2013, bringing it to market five years later.

More Magazines Disappearing
On March 10, F+W Media, once a powerhouse in print publishing with a large stable of magazines covering a variety of enthusiast pursuits, “…filed for protection under Chapter 11 of the federal bankruptcy code, citing in various documents a perfect storm of industry decline, poor investments, and even mismanagement,” according to Forbes magazine. The company was founded in 1913 and grew to include a number of popular firearm and hunting periodicals on the newsstand, although its current outdoor offerings have dwindled to only Deer & Deer Hunting and Trapper & Predator Caller.

Documents filed with the court indicate the company has a $105.2 million debt and $2.5 million in cash. Its book division produces more than 100 titles a year, and its other properties include websites, on-line retail sites, subscription video services and more.

Latest

Decling Or Stabilizing Trend
Decling Or Stabilizing Trend

Ripple Effect: Gun Sales Down Over 4 Years, Accessory Companies Thriving

A decline in firearm sales isn't surprising following the record-setting demand during COVID-19, but failure of the contentious presidential election to bolster sales surprised many.

Preview: ZeroTech H.A.L.O.

Unlike most other micro red-dot designs, which feature lens that are principally spherical in shape, the ZeroTech H.A.L.O., instead makes use of a viewing pane with a pronounced ovular shape.

The Short, Happy Life Of The .40 Smith & Wesson

Despite the wide acceptance of the .40 Smith & Wesson defensive handgun cartridge in its early years, the round has since faded from armories around the U.S. and replaced by an older, smaller-caliber cartridge.

Zastava's ZPAP M72 RPK Is Now Shipping

Zastava USA announced it would be expanding its lineup to include an M72 "RPK" model. Now, in 2025, that model has finally arrived and is shipping to dealers.

Preview: Mesa Tactical Truckee Forend

A 12-ga. shotgun can be a devastatingly potent defensive platform, but even the tactical models often aren’t configured terribly well for installing accessories.

Gun Of The Week: Benelli Lupo HPR

Welcome to another American Rifleman Gun Of The Week, and on this episode, we’re taking a closer look at Benelli’s Lupo HPR, or High Precision Rifle.

Interests



Get the best of American Rifleman delivered to your inbox.