A sharp slowdown in sales last year created economic problems for gun companies, leading to businesses closing or filing for bankruptcy protection.
This stems from gun enthusiasts purchasing fewer guns in 2025.
In fact, gun sales will drop a steep 4.1% to about 14.6 million units in 2025, compared with more than 15.2 million units in 2024, according to the National Rifle Association’s American Rifleman.
As a result, troubled firearms manufacturer and distributor Custombilt Firearms Manufacturing LLC. Filed for Chapter 11 bankruptcy. This follows a dispute with the Bureau of Alcohol, Tobacco, Firearms and Explosives in 2023 and 2024 over its license.
The Overland Park, Kan.-based gun company filed the petition on Feb. 6 in the U.S. Bankruptcy Court for the District of Kansas in Kansas City, according to BK Data, which reviewed court documents.
No reason was given for filing for bankruptcy.
Custombilt’s website currently does not show any pistols or rifles for sale, but it does list certain parts, including a complete upper, complete lower, multiple stripped lowers, a CFM M16 bolt carrier group and trigger guard.
The site also sells apparel such as branded T-shirts and hats.
Five dealers are listed on the website, including the company’s The Bullet Hole in Overland Park, Osage Gun and Pawn in Sedalia, Mo., Godfrey’s Indoor Ranges & Tactical Supply in Junction City, Kan., Charger Arms in Lyndon, Kan., and Ranier Arms Online.
“We are a firearms manufacturing company that uses some proprietary parts as well as quality parts from across the industry to build the AR9, AR15 and AR10,” the company noted on its Facebook page.
Read the original article at pennlive.com.
