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

posted on March 22, 2019

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.



2021 Rifle of the Year: Benelli Lupo

American Rifleman is pleased to announce 2021 Rifle of the Year goes to Benelli USA for its Lupo bolt action.

Sonoran Desert Institute Honored for Veteran Hiring Efforts

Sonoran Desert Institute was recognized by the U.S. Department of Labor for its efforts in hiring and recruiting veterans with the 2021 HIRE Vets Medallion Award.

NRA 150: First Gold For American Riflemen

The modern Olympics, as we know them today, started in 1896, and there were shooting events at the games as early as Athens in 1906. After all, the man who put the games together, Baron Pierre de Coubertin, was himself a French pistol champion. Neither the United States nor Great Britain sent rifle teams to Athens, but that changed for the 1908 Olympic Games in London.

New For 2021: Springfield Armory 1911 Ronin EMP

Springfield Armory blended features from its Ronin 1911 lineup with its popular carry-size EMP pistol to create a carry-friendly 1911 with top-tier elements.

​America’s First Sniper Rifle: The Telescopic-Sighted Krag-Jorgensen

The American Civil War was the first conflict in our nation’s history in which telescopic-sighted rifles were employed in combat to any appreciable extent. These muzzleloading, percussion rifles were fabricated by a number of civilian gunsmiths and gunsmithing firms, primarily for benchrest shooting matches.

The Armed Citizen® Nov. 29, 2021

Read today's "The Armed Citizen" entry for real stories of law-abiding citizens, past and present, who used their firearms to save lives.


Get the best of American Rifleman delivered to your inbox.