Olympic Arms sent out a notice to dealers and distributors today stating that after many years they will be closing their doors. The letter that was sent out does not go into detail as to why. The end of February will be the last day of operation for the business (February 28th, 2017). Effective immediately today, January 25th, no refunds, returns, or new warranty service work will be accepted. By the wording of the rest of the letter it sounds like operations or production of product has already ceased. Only in inventory product will be available for purchase. The only way to now get a rifle made before March is if Olympic Arms already has all the necessary pieces in house.
This sounds almost like a rumor or “fake news,” but sadly it is true. Olympic Arms has published this information and/or letter on their Facebook page, website, and sent out the letter to its industry partners.
The Schuetz family, who owns Olympic Arms, did not make any formal statements other than what was written in their letter:
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.
This is very disheartening and surprising to many. The entire letter can be seen below.