PTR Industries Served Notice on Past Due Rent

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According to the local site MyrtleBeachOnline.com, PTR Industries, maker of US-made H&K G3/CETME rifles has been served a default notice for failure to pay rent on their county-owned property. PTR famously made the move to South Carolina from Connecticut after the Sandy Hook shooting and its political fallout.

Details from the first few paragraphs of the article:

PTR Industries, the gunmaker that made national headlines by moving from Connecticut to Aynor in 2013, risks losing its local headquarters because the company owes Horry County more than $73,000 in overdue rent, according to public records.

However, some Horry County Councilmen are simply pleased to have the once-vacant building occupied with jobs for area residents, and are willing to work with the gun manufacturer.

County officials sent a default notice to PTR on June 10 stating that the company had 30 days to pay its rent or the county would retake the building the company leases in the Cool Springs Business Park.

“We’ve come to a point in time where we’ve actually put them on notice that we’re looking at exercising our rights under the lease agreement to recover those arrearages,” said Arrigo Carotti, county attorney.

Now, the County is not quite ready to evict the company, but stresses that the company must pay attention to the issue as soon as possible. The frustration seems to stem from a lack of communication between the company and County, with the County attempting communication at multiple points.
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Nathan S.

One of TFB’s resident Jarheads, Nathan now works within the firearms industry. A consecutive Marine rifle and pistol expert, he enjoys local 3-gun, NFA, gunsmithing, MSR’s, & high-speed gear. Nathan has traveled to over 30 countries working with US DoD & foreign MoDs.

Nathan can be reached at Nathan.S@TheFirearmBlog.com

The above post is my opinion and does not reflect the views of any company or organization.


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  • MountainKelly

    Nice rifles, that’s too bad. I wonder what their operating revenue is like.

  • Peter

    County could become an FFL, accept, say, 100 brand new rifles as payment – then auction them off. WIN/WIN/WIN – for company, county and customers 🙂

  • Sianmink

    Maybe they just misplaced the paperwork.

  • Rock or Something

    According to the original article, PTR has had financial issues since they moved to SC. Due to bad timing and the fall in demand for their firearms. It doesn’t look like they are in the same dire financial straights as Colt, but it doesn’t help the CEO hasn’t reached out to the county, according to the article.

    • Vitsaus

      Hopefully this new version of the PTR32 will boost them a bit. If they came out with an MP5 or HK33 type variant, they could kill it though. Hell, with their track record they could probably rework a 33 variant to take AR mags and REALLY kill it. Not sure why’ve they’ve waited so long on that.

      • Budogunner

        HK has a tight leash on licensing for the MP5. I don’t think it is likely we will see them as a complete product from PTR.

        That said, most of my 922 (r) compliance parts in my MKE MP5 clone are by PTR and they are of incredible quality. I want a PTR rifle badly but can’t afford it right now. Always wanted to build a PSG1 clone.

      • Plumbiphilious

        I believe another US company has already figured out a STANAG-compliant G33 variant (albeit they charge through the freaking roof for what it is, compared to the humble PTR Ind.). I just forget what their name is right now, but it exists. Not sure if it’s BHO though.

        And for the MP5, HK won’t give up rights to their biggest claim to fame for the past several decades. I mean, they sue .22LR baby-copycat companies just for looking the same.

        • joe

          MADKC. Priced like mid-tier AR15s and they have welded inserts in the magwell for the AR15 mags. And if you want, they’ll build the rifle without the inserts.

  • KestrelBike

    This does not bode well for PTR MP5s.

  • Blake

    Please, PTR, stay in business long enough to take my disposable income

    • Jeff Smith

      They’re well worth the price! And Bud’s Gun Shop had the GI model on sale for $650 this week!

      I finally got to take mine out last weekend. Here’s a friend firing it:

      • Blake

        Nice pic. Not jealous, no no, not me…

  • Ed

    Buy Springfield Armory if you want a .308 battle rifle.

    • styckershock

      By an AR if you want an AK.

    • Squirreltakular

      Or a FAL, SCAR, Vepr, AR-10…

    • Anon. E Maus

      I’ll be frank, as much as I like the M14, I think it’s very inferior to the G3.

  • kipy

    I wouldn’t want to be the guy who shows up to staple the eviction notice to the door

  • Bruce Stevens

    PTR is known for significant reliability/quality issues…thats why I eventually went with the DSA FAL… and then the M1A and SCAR

  • Lou

    The PTR CEO is a finance guy (with no experience in firearms industry marketing) that has refused to spend a dime on advertising, business development, marketing and feels that he can get all of the PR he wants from free gun articles – it doesn’t work that way as he may be realizing now. Also, its very difficult to be a “one trick pony” in the gun industry anymore.