Charles Daly closing its doors?

[rushca01]

I've heard several rumors that Charles Daly is closing its doors?

Anybody else heard anything?

Charles Daly closed? - M4Carbine.net Forums

The rumor mill has gone berserk! - The Charles Daly Forums

 

[Indy_Guy_77]

Paging melensdad... Come in, melensdad...

-J-

 

[rmcrob]

KBI goes KB

The Rumors are True! - The Charles Daly Forums

So, I am still glad I bought that Jericho a few months ago. I love it.

 

[shooter521]

Threads merged. This is most unfortunate news.
__________________________

To all our friends, fans, supporters and consumers of Charles Daly and by extension, KBI products, I regret to inform you that the rumors of our demise are true.

KBI is going out of business and closing its doors, effective today.

I don't want to go into each and every detail as to why this has occurred, except to say that there have been a multitude of events over the past five years that have contributed to our current situation.

For those of you with ongoing service requirements, please be advised that we are currently negotiating with several companies that will be performing after-sale service of Charles Daly, CD Defense and Jericho firearms. As soon as we have finalized a contract with one of these companies we will post the name, address and contact details of that company so you will know who to contact to obtain service on your KBI firearm.

We will allow this forum to remain open as long as all discourse remains civil. If any posts deteriorate to a level that is beneath the standards of this forum then the forum will be closed to all posters and will only exist for announcements from KBI.

Again, I wish to thank all of you that have supported our company, this forum and Charles Daly these past 20 years. This spells the end of KBI but I imagine it will certainly not mean the end of Charles Daly and CD Defense. Look for this excellent brand to resurface in the very near future.

Sincerely,
__________________
Michael Kassnar, President
K.B.I., Inc.

 

[Seancass]

Well that sucks. I wonder if the value of my charles daly just dropped? Hopefully some good(american) company will pick them up

 

[shooter521]

Well that sucks. I wonder if the value of my charles daly just dropped? Hopefully some good(american) company will pick them up

Supposedly the Charles Daly and Charles Daly Defense brands will be resurrected in some capacity in the near future, but the current company and the import side of the house (KBI) is dead.

 

[Hondo]

maybe the value of my CD compact 45 will go up???...now that it is a collectors piece. it is my daily carry gun....I like it....

 

[Bisley Man]

I know nothing of CD's situation. Most any decent gun has been selling well lately so this is a surprise.

 

[trnsplntfrmohio]

Charles Daly, KBI Inc shut down

seems very very odd in a gun crazy economy.

 

[printcraft]

To all our friends, fans, supporters and consumers of Charles Daly and by extension, KBI products, I regret to inform you that the rumors of our demise are true.

KBI is going out of business and closing its doors, effective today.

I don't want to go into each and every detail as to why this has occurred, except to say that there have been a multitude of events over the past five years that have contributed to our current situation.

For those of you with ongoing service requirements, please be advised that we are currently negotiating with several companies that will be performing after-sale service of Charles Daly, CD Defense and Jericho firearms. As soon as we have finalized a contract with one of these companies we will post the name, address and contact details of that company so you will know who to contact to obtain service on your KBI firearm.

We will allow this forum to remain open as long as all discourse remains civil. If any posts deteriorate to a level that is beneath the standards of this forum then the forum will be closed to all posters and will only exist for announcements from KBI.

Again, I wish to thank all of you that have supported our company, this forum and Charles Daly these past 20 years. This spells the end of KBI but I imagine it will certainly not mean the end of Charles Daly and CD Defense. Look for this excellent brand to resurface in the very near future.

Sincerely,
__________________
Michael Kassnar, President
K.B.I., Inc.

Yes, Ajax grips also went under, like you said the gun biz is good biz.

 

[busted1200]

Doesn't surprise me given their customer service. What is the date on that press release?

 

[Seancass]

sucks, i have a CD shotgun. I'm reallyhoping somebody pics this company up. Somebody like Ruger.
http://www.tamparacing.com/forums/images/smilies/IBTL.gif

 

[GregD]

No need to search before you post. If someone isn't interested or has already posted they can just pass it by. I'm glad you posted as I hadn't seen this. Not all of us live on this site.

 

[turkeykiller]

No need to search before you post. If someone isn't interested or has already posted they can just pass it by. I'm glad you posted as I hadn't seen this. Not all of us live on this site.

trnsplntfrmohio thanks for the post!

 

[jackoctober]

Booo I just bought a Jericho on Saturday and I need parts...

 

[MACHINEGUN]

Hope and change.. got to love it!

 

[darinb]

I had a Charles Daly 1911 a couple years that was a good gun. It stinks that another gun maker is going under.