US Palm announced on its Facebook page that the company was shutting down. At this time, the company’s website is inaccessible.
US Palm was known for making a range of shooting and tactical products including polymer AK magazines and grips, plus body armor and other gear.
“All good things must come to an end, and this is ours at US PALM,” said Robert Anderson, the founder of US Palm in a Facebook post published on Sunday. “We certainly appreciate all of our very ardent fans, followers, customers and cohorts in crime. Each of you contributed in building the brand, and without you, we wouldn’t have had the run we did. THANK YOU ONE AND ALL, YOU MADE THE JUICE WORTH THE SQEEZE!”
There have been a number of economic factors that have put pressure on many companies in the shooting industry. US Palm is not the only company that has hit rough times.
“In the end, a downsizing economy, industry instability, and internal factors all lined up and dealt us the final coup de gras,” said Anderson.
Anderson indicated that some of the existing US Palm product designs may still be produced by other companies. Other products may disappear entirely.
US Palm was founded in 2009 by Anderson. In 2014, Anderson purchased the company back from then owner SBC Global.