Odessa, FL – -(AmmoLand.com)- On Tuesday, April 30th, 2019, Adams Arms LLC's assets were publicly auctioned at its facility in Pasco County, Florida, following the maturity of its secured loans.
The company’s senior secured creditors were the high bidder and are in the process of transferring these assets into a new company, Adams Arms Holdings, LLC (“AA Holdings”). Adams Arms, LLC, after the successful transfer of assets, will be closed.
It was announced and advertised at the beginning of April that Adams Arms LLC’s assets would be auctioned as a turn-key operation, including all tangible and intangible assets. AA Holdings will continue the Adams Arms brand. AA Holdings will fulfill all customer orders and honor all Adams Arms life-time product warranties.
AA Holdings will operate with greater strength and leadership than ever before. The new company will leverage the patents, know-how, and commitment to the customer that has been the Adams Arms way since the inception of the brand in 2007. With a clean balance sheet, AA Holdings will be able to focus on providing new products, superb quality, and complete customer satisfaction.
The Adams Arms team is committed to building upon existing relationships and to providing its customers with unique products that are cost-effective, robust and meet their needs.
Adams Arms LLC thanks its longtime customers and partners for their business. AA Holdings will deliver the highest quality that everyone has come to expect from Adams Arms, and will continue to develop new and innovative products.
2019 has seen Adams Arms offer an upgraded P3 series rifles, a 20” .224 Valkyrie rifle, a 9mm Pistol Caliber Carbine, a full line-up of piston-driven AR-pistols, and a next-gen slide/slide assemblies for Glock 17 & 19 handguns. Exciting new products are in development and AA Holdings expects to release them before the end of the year.
About Adams Arms
The Adams Arms team is committed to providing cutting edge technology that meets the real needs of the modern warrior, starting with the industry's first and only patented retrofit kit for the AR 15 Platform that makes it a relevant weapon of the future. We will continue to develop products that improve performance and minimize maintenance at the highest level of quality from full rifles to all relative configurations.
We believe that the Adams Arms Piston System will provide superior performance and have lower maintenance costs than anything available on the market today. Additionally, the Retro-fit System offered by Adams Arms will save Law Enforcement, Military and Private Citizens thousands of dollars by offering a simple upgrade option, instead of the high cost of replacing their current weapons. www.adamsarms.net