Olympic Arms is Closing

[Ronin38 2,117]

Always sad to see a firearm business go down. 

 

 

After more than 40 years of business, it is with great sorrow that we announce that February 28th, 2017 will be the last day of operation for Olympic Arms, Inc.

The Schuetz family would like to express their heartfelt thanks to all their friends, associates, and partners that have been a part of the Olympic Arms experience. Most of all we would like to thank our loyal customers and patrons who have been with us all this time.

In the course of closing, we are announcing the following changes in policy effective immediately:

All sales are final.
No refunds or returns will be accepted after 1-25-2017.
On-line Shopping Cart will be active and effective while supplies last.
All Warranty service ceases 1-25-2017. Warranty work and repairs currently in-house will be serviced and returned.
New orders will only be taken for inventory currently in stock, or that can be built from remaining inventory.
All inventory will be liquidated.
ALL SALES will cease at close of business 28 February, 2017

Thank you for your patronage.

 

[ChileRelleno 7,071]

My only question is, "Why?"

[XD45 7,124]

The why is simple.  After the election the market contracted hard.  Years of "urgent" buying has filled the majority of the demand for now and for some time to come.

 

It was a sellers market for a long time with the greatest gun salesman in history sitting in the White House.  Now he's gone and the market is "correcting".

 

Expect more mergers, buyouts, and closures.  It is simply the way of these things.

 

OTOH, there will be fantastic deals in both the primary and secondary markets this year.  So take advantage.

Edited January 25, 2017 by Darth Saigus

[BigChongus 765]

Pretty simple. Other places are offering similar or better parts and firearms for less. Also, they have sort of a DPMS-esque stigma about them, regardless of whether or not it's actually warranted. 

[ChileRelleno 7,071]

Pretty simple. Other places are offering similar or better parts and firearms for less. Also, they have sort of a DPMS-esque stigma about them, regardless of whether or not it's actually warranted. 

I always considered Olympic Arms to have a pretty decent rep.

And they had a good selection of different chamberings for their AR rifles/pistols.

It is a shame to see them go completely out of business.

[BigChongus 765]

 

Pretty simple. Other places are offering similar or better parts and firearms for less. Also, they have sort of a DPMS-esque stigma about them, regardless of whether or not it's actually warranted. 

I always considered Olympic Arms to have a pretty decent rep.

And they had a good selection of different chamberings for their AR rifles/pistols.

It is a shame to see them go completely out of business.

 

 

Oh I honestly believe they're good products, but whenever they get brought up there's always grumbling of some sort, which is probably based on something insignificant that happened to a handful of people and got blown out of proportion. I've found the same thing to be true for companies like DPMS and Del-Ton. 

 

The funny part is that whenever someone has a complaint about a defect on something like an LMT or a Colt it's always met with a barrage of "who cares, it doesn't affect function!" when any other company would be getting raked over the coals for the exact same thing. 

[HB of CJ 1,263]

Twenty five plus years ago they treated me fine.  Always had to time to discus returns.  I am sad to see them go.  They were a class act.

[Sdustin 578]

They were always a budget option. With the current market your not going to be able to sell an ar15 simply because it's an ar15. It's sad to see any one in the freedom market close down. But I have to think if they had concentrated more on new innovative products like the bufferless pistol they made. And adapting that system into a rifle with folding stock they could have sold more weapons.

 

The market for hunting ar15s will miss them with all the different rounds they chambered.

[evlblkwpnz 3,418]

The why is simple.  After the election the market contracted hard.  Years of "urgent" buying has filled the majority of the demand for now and for some time to come.

 

It was a sellers market for a long time with the greatest gun salesman in history sitting in the White House.  Now he's gone and the market is "correcting".

 

Expect more mergers, buyouts, and closures.  It is simply the way of these things.

 

OTOH, there will be fantastic deals in both the primary and secondary markets this year.  So take advantage.

Definitely a significant part of the equation and well stated.

 

Pretty simple. Other places are offering similar or better parts and firearms for less. Also, they have sort of a DPMS-esque stigma about them, regardless of whether or not it's actually warranted. 

This and the fact that a lot of people like to assemble their own stuff now. They did have some fairly odd design characteristics to a few of their offerings. The 9mm AR comes to mind.

 

 

Pretty simple. Other places are offering similar or better parts and firearms for less. Also, they have sort of a DPMS-esque stigma about them, regardless of whether or not it's actually warranted. 

I always considered Olympic Arms to have a pretty decent rep.

And they had a good selection of different chamberings for their AR rifles/pistols.

It is a shame to see them go completely out of business.

 

Way back when they were innovating, but were surpassed and never seemed to get back in that game.

 

They were always a budget option. With the current market your not going to be able to sell an ar15 simply because it's an ar15. It's sad to see any one in the freedom market close down. But I have to think if they had concentrated more on new innovative products like the bufferless pistol they made. And adapting that system into a rifle with folding stock they could have sold more weapons.

 

The market for hunting ar15s will miss them with all the different rounds they chambered.

They missed a big time opportunity with that design with the popularity of PDW configured ARs, but the reputation for entry level quality level may have caused it to stagnate in regards to sales. We may be seeing the end of an area in regards to AR manufacturers and a cleansing of the market, if you will.

[G O B 3,516]

M&A

  When the gun grabbers were defeated, the market slowed, due to saturation from the pressure to buy before product was made illegal.

 Now we have a period where market will be driven by value/quality, and only after some time for the saturation of the market to dissipate will demand return to normal.

 During this time, the margin will be tight, prices will normalize - less robust manufacturers will be forced to sell or merge.(M&A- mergers and acquisitions)

 Eventually those who survive will be better funded, less indebted, have generally better tooling and eventually a more stable marketplace.

 

NOW- if we can just KEEP the lunatic left out of power, we might just maintain some sanity in the market!

[VR762Shooter 838]

For some the end of OA didn't come soon enough. Blamed for the loss of steel-core 7.62x39, they really needed to have some good product coming out of the 90's but just never advanced enough to make up for the market changes. There'll be a lot more of them closing down soon. Hopefully the AK manufacturers here that are putting out garbage stuff. We will likely see the Darwinism of the American gun industry now that it isn't constant panic mode

[netpackrat 566]

Good riddance to the assholes who cost us steel core 7.62x39.

[patriot 7,197]

Good riddance to the assholes who cost us steel core 7.62x39.

Blame F-Troop for legislating when they don't have the authority.

[XD45 7,124]

Good riddance to the assholes who cost us steel core 7.62x39.

Somebody was going to make a 7.62x39 "pistol" eventually.  And when that happened the batfuckers were going to ban the steel core.  Put the blame where it is due.

[saltydecimator 482]

I like "their" wssm bolts n carrier that are giant inner and od. Good for projects!

[netpackrat 566]

Yeah, ATF sucks and I wouldn't particularly mind if the lot of them came down with something like ebola.  But the head dude at OA was warned about what would happen if he made his pistol, and he basically said "fuck you I'm not in the ammunition business" and went ahead and did it anyway.  So good riddance, and long overdue.

[gunfun 3,931]

Good riddance to the assholes who cost us steel core 7.62x39.

 

Those woudl be people in BATFE, not a manufacturer of a reasonable firearm.

[G O B 3,516]

Reasonable firearm, NO reason was ever shown by the manufacturer.

[HB of CJ 1,263]

BATFE was the blame. Not Olympic Arms.  Kinda like killing the messenger.  The Feds were going to do what they were going to do regardless.  I wonder if there may be any close out sales and if we should take advantage of such?  I do wonder what happened to Hank. 

[montec 164]

BATFE was the blame. Not Olympic Arms. Kinda like killing the messenger. The Feds were going to do what they were going to do regardless. I wonder if there may be any close out sales and if we should take advantage of such? I do wonder what happened to Hank.

Their prices werent that great that i seen when i looked.

[netpackrat 566]

BATFE was the blame. Not Olympic Arms.  Kinda like killing the messenger.  The Feds were going to do what they were going to do regardless.  I wonder if there may be any close out sales and if we should take advantage of such?  I do wonder what happened to Hank. 

 

That's like saying that the idiot letter writers bear NONE of the blame for things like 922r being applied to NFA weapons, not being allowed to shoulder your arm brace, or the shitheads at NFATCA aren't at all responsible for what became 41F.  It's appealing to blame everything on the ATF, but it ignores the reality that most of their rulings are in response to assholes giving them enough rope to hang the rest of us with.

 

[patriot 7,197]

The answer is:

 

BATFE is not a rule-making body. They are there for ENFORCEMENT of Law, not MAKING and INTERPRETING LAW.

 

The fact that they are making rules and interpreting them that have the weight of law is the problem.

 

That's for the Legislative and Judicial branches of .gov

 

You can rail away all you want.... these are the FACTS.

Edited February 6, 2017 by patriot

[netpackrat 566]

Not saying ATF isn't a problem...  What I am saying, is they had made no move against the steel core 7.62x39 ammo until after Olympic built their OA-93 pistol, which they had been warned against doing.  You can call your version of what happened FACTS and put it in CAPS but that does not make it so, or absolve OA of their share of the blame.

 

http://www.thegunzone.com/762x39.html

[patriot 7,197]

Neither does repeating the same argument over and over.

Debate 101

 

Had F-Troop not overstepped their authority, this would be a moot point.

 

...maybe we should have a Bureau of Cooking. so they can tell us what kind of meat we can BBQ?

Chicken is OK, but don't cook goose or we'll outlaw your grill.

Edited February 6, 2017 by patriot

[HB of CJ 1,263]

Respectfully, is it possible lots of anger here is misdirected?  And I guess I am a idiot.  Do you die on your feet fighting for your last breath on Earth, or do you just use misguided emotional transference shifting blame for whatever possible personal reasons or feelings and Kow Tow to the all powerful Federal Government whimpering and begging that they do not do anything additional to us to further destroy the Second Amendment?   I suppose it is a matter of orientation.  Yes, the BATFE is not nice.

 

Pretty much what it comes down to.   The BATFE made the rulings.  Most certainly Olympic Arms did not write the rulings.  Years ago Olympic Arms was one of my suppliers.  The owners took the time to completely answer my many phone calls.  But ... yes, at the end of the my business, Olympic Arms did have quality control issues, particularly with barrels.  I found another USGI made supplier.  Back then complete Colt M16A1 20" 1x12 pencil barrels were $20 bucks apiece by the 20.  Those were the days.

 

PS:  Boy, if one wants to open up the big barrel of nasty snakes, consider the rules regarding NFA and BATFE M1 and M2 Carbine legality.  Very strange.  No real rhyme or reason.  Are you legal or not?  Large collectors need to know this.  Ranges need to.  So much gray area.  Yikes, yikes and more yikes!!  But ... perhaps we have been given another chance.  At least for the next 4 years.  Now is the time to continue the input to our Sinisters and Reprehensibles AND our new President.   Respectfully. HB

 

All Oregon State, US Code Laws And NFA Rules Apply

Edited February 6, 2017 by HB of CJ

[Heartbreaker 1,085]

The BATFE is like a hornets nest. Nasty and should be gotten rid of. Olympic kicked the hornets nest and the hornets flew out and stung everybody. Plenty of blame to go around. BATFE is bad, but Olympic was stupid.

[patriot 7,197]

Oh, please, please Mr. F-Troop.....Please don't further trample our Rights by making yet another illegal arbitrary infringement upon my God-given Rights......please? 

 

We'll be good...we promise. Our Rights aren't all that important anyhow. 

Edited February 6, 2017 by patriot

[ChileRelleno 7,071]

Reacuisition
Transition

Perhaps they're not going for good?

. Note from Olympic Arms:

 

Your order is very important to us, and we are grateful for your patronage. We wanted to take a moment to clarify our situation.

Your order is being processes in the order that it was received.

Due to the pending closure of Olympic Arms, Inc. under its current ownership on February 28, 2017, and the fluid nature of any acquisition by a new ownership group, we cannot guarantee that this order will be filled.

 

To be clear, your credit card is not being billed at this time.

The credit card system will verify your billing information and "pre-authorize" the purchase.

This will put a temporary hold on your funds. In 2-3 days this temporary hold will go away.

If your order CAN be filled, we will happily do so, and manually bill your card at that time.

In other words, your funds will not be secured until we ship your order.

 

Due to the ever changing inventory levels, and the number of orders already in the queue, we cannot give ANY estimates as to when or IF your order will ship. This is regrettable and we apologize for what we consider poor customer service, but under the circumstances of our closing and possible reacquisition, we really have no other choice and hope you respond with patient understanding.

 

NO DELIVERY ESTIMATES WILL BE GIVEN.

 

If you see the actual charge show up on your bank statement, youll know the product is on its way.

Should the situation change so that your order can be filled at a later date under new ownership, you will be contacted and given every opportunity to move forward with your order.

 

Thank you for giving us the opportunity to serve you in these times of transition.

Edited February 16, 2017 by ChileRelleno

[saltydecimator 482]

In still haven't gotten my order yet from like 3 weeks ago...

[HB of CJ 1,263]

Thank you Chilie.  Sounds like Olympic Arms is going down fast, deep and with all hands.  Rescue grim.  Sad.