In a Facebook post this morning, McMillan Group International announced that they are wrapping up the final negotiations for the sale McMillan Firearms Manufacturing. McMillan Group will retain their fiberglass stock business and, as we reported earlier, they recently made a splash with the creation of a firearms-friendly credit card processing service, McMillan Merchant Solutions. We’d guess that will stay with McMillan Group as well, but are trying to confirm that. No word yet as to the identity of the buyer. Stay tuned . . .
Update: In an email to TTAG, McMillan has confirmed that the newly-established McMillan Merchant Services will not be part of the sale.
I really hope the Freedom group didn’t buy them….
i’d bet ATK buys it; they’ve been on a roll lately
How long was the firearms portion of the business around? I don’t know much about them – it seemed like they just started this aspect of the business?
So, why are they selling the firearms manufacturing portion, but keeping the fiberglass stock portion? Also, why sell at all?
Money?
http://youtu.be/Ll3uipTO-4A?t=18s
A few weeks ago TTAG carried an extensive write-up on how money laundering laws can be used as a club against retail FFLs. With McMillan’s recent branching out into the banking side with their credit processing, I expect that having both banking and firearms manufacturing/sales under one roof would practically be begging for trouble under those laundering rules and regulations.
Didn’t they just recently get into the firearms manufacturing business (in the last 3 or 4 years)? If I had to guess, they may have decided with all the new state, city, county laws being proposed and/or passed, to avoid the headache and hassle of being on the bad end of a witch hunt. Typically there is not a lot of profit in the making of firearms, so perhaps it just isn’t worth the time and energy to keep that end of the business. I wish them well in any case, they make an excellent stock for most rifles out there.
i have an A5 adjustable mcmillian stock, it is awesome, but it sure took a long time to get.
I’m sure that they make an excellent stock. However, I don’t have a first born to give them.
Taurus again, perhaps?
I use to work for McMillian back in the 90s. I was originally hired by Gale McMillian in 1989. Then the company sold so they could not manufacture firearms for a while. Later they started making guns again but could not do it under the McMillian name so they became Mcbros. Sometime after that they started using the McMillian name again.