The company plans to move 92 percent of its workforce out of the state initially, according to the announcement, but the number of employees that will be relocated remains unclear.
Magpul representatives did not return request for comment Thursday.
The move will take 12 to 16 months, according to the statement.
Magpul threatened to move its operations out of state after the Colorado legislature passed a law last summer banning magazines that hold 15 rounds or more.
“Moving operations to states that support our culture of individual liberties and personal responsibility is important,´ said Richard Fitzpatrick, CEO of Magpul in a statement. “This relocation will also improve business operations and logistics as we utilize the strengths of Texas and Wyoming in our expansion.”
How a business manages its inventory can have a tremendous impact on the financial health of the company. Managed properly, inventory can be a great source of increased margins, higher revenue, or a combination of the two.