History
Kimber was founded as "Kimber of Oregon" in 1979 by Greg and Jack Warne in the small town of Clackamas, Oregon. Jack Warne moved to Oregon in 1968 after Portland-based Omark Industries purchased the Australian firearms manufacturer, Sporting Arms (or SportCo), he founded in Adelaide, South Australia, following World War II.
Following its founding, Kimber of Oregon, which quickly built a reputation for accurate .22 long rifle caliber rifles, began to expand its product line and eventually acquired a second manufacturing plant in the nearby Colton.
In the late 1980s, the company began to struggle after a private stock offering fell short of covering the costs of developing the M89 Big Game Rifle. In 1989, Kimber of Oregon was sold to Oregon timber baron Bruce Engel, who founded WTD Industries, Inc. Engel had difficulty running Kimber and soon the company sought bankruptcy protection. However, Kimber of Oregon's assets were liquidated.
In 1990, several Kimber employees, including Dan Cooper, left to found Cooper Firearms of Montana.
In the mid-1990s, Greg Warne tried to revive Kimber, but much of Kimber of Oregon's original tooling had ended up in a junkyard north of Portland. Greg soon found a financial backer in Les Edelman, who owned Nationwide Sports Distributors. The two purchased the original tooling and partnered to found Kimber of America. The company grew quickly, but Edelman forced Warne out after acquiring a majority interest in the company.
While Edelman was partnering with Greg Warne, he had also invested in Yonkers-based Jerico Precision Manufacturing, which manufactured hand tools and mechanical components for the defense industry, which was adjusting to cuts in defense spending. Edelman decided to connect Jerico Precision's existing infrastructure and manufacturing capabilities and Kimber's reputation and extensive network of dealers to build a line of M1911-style handguns. He eventually moved Kimber's production line to Jerico's facilities in New York, ending Kimber's presence in Oregon.
On 9 December 2004, a federal grand jury indicted former CFO Denis Shusterman for embezzling $10 million from Kimber Manufacturing and Nationwide Sports Distributors. He was later convicted after pleading guilty, ordered to pay damages and back taxes, and sentenced to 14 years in federal prison.
Kimber is planning to expand manufacturing capacity from its 31,500-square-foot (2,930 m2) manufacturing facility in Ridgefield, NJ(Aero Molding). A proposal to add more space to its Yonkers site had been approved as a "regionally significant project" but Kimber appears to have withdrawn its application following concerns raised by worried neighbors.
Read more about this topic: Kimber Manufacturing
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