SIG Sauer are bankrupt

[Bavarianbrit]

It came to me in an article in the July magazine DJZ over here in Germany.
125 workers are to lose their jobs, the reasons were stated to be a shrinking market of sporting & government sales with C19 now on top so they have just rolled over and died.
Beware of buying a rifle as spares will be an issue.
Pistols don"t count as you can"t have them anyway.

 

[Koenig]

So....if you have a Sauer that you want to keep hold of it might be an idea to buy up some of the typical bits that degrade or are easily broken. Such a shame, great guns.

 

[njc110381]

What a shame. I really like their rifles. They weren't a small company either I didn't think? Quality seemed reasonable.

 

[Fair Hill]

SIG Sauer is Not Bankrupt - International Sportsman

There are a number of outlets that are claiming SIG Sauer is bankrupt, which couldn't be further from the truth. SIG Sauer is a booming business across the world.

www.internationalsportsman.com

 

[xavierdoc]

It's only the German plant closing, isn't it? The actual company is still going.

 

[JMikeyH]

I thought this was just in Europe? Their US side is going strong still I thought

 

[xavierdoc]

SIG Sauer is Not Bankrupt - International Sportsman

There are a number of outlets that are claiming SIG Sauer is bankrupt, which couldn't be further from the truth. SIG Sauer is a booming business across the world.

www.internationalsportsman.com

We cross-posted, thanks for the link.

 

[JMikeyH]

Snap

 

[Bavarianbrit]

I bet the US do most of the pistols as it is a different market and the north German side did the quality gunsmithing work on rifles.

 

[8x57]

Looks like you missed it first time around Martin. Sig Sauer

 

[harrygrey382]

Don’t sig own Mauser? Hope they don’t go bankrupt...

 

[I. Farticus]

Don’t sig own Mauser? Hope they don’t go bankrupt...

It's all a bit confusing with where Sig Sauer and JP Sauer & Sohn start and stop, but I know that Sauer rifles, Mauser and Blaser (along with Minox) are all ultimately under L&O Holdings. There might have also been a split with the Sig Sauer US business...

 

[Ronin]

Sig Sauer is an ongoing concern providing a link for Law Enforcement / Military weapons from the main supply chain of Sauer, Blaser, which is a huge parent company itself

The Blaser LRS 1, LRS 11 and Tac 2 were the offering developed from Blaser R93 by Sig Sauer and the SSG 3000 was developed from the Sauer STR200 for Police / Mil use

All were built from a base weapon in the main supply chain from the parent companies - with the excpetion of the stocks for each weapon, the main components are standard parts from the base rifle

Nothing really to get worked up about

 

[8x57]

Don’t sig own Mauser? Hope they don’t go bankrupt...

I believe Mauser went bankrupt years ago and were bought up and are now part of the Blaser group.

 

[I. Farticus]

I believe Mauser went bankrupt years ago and were bought up and are now part of the Blaser group.

Yup. All now part of Lüke & Ortmeier Gruppe:
Blaser, German Sport Guns, Hammeli, John Rigby & Co., Mauser, Sauer & Sohn, Sig Sauer, Sig Systems, Swiss arms and Voere (along with Blaser Group Wetzlar who own Minox)
It's consolidation not unlike the car industry!

 

[Bavarianbrit]

And Merkel is owned by arabs.
It has been a subsidiary of the UAE company Caracal International, based in Abu Dhabi, since 2007.
Merkel do all the engineering and Abu D build the pistols.

 

[enfieldspares]

And meanwhile we? What do we own? Not a lot it seems.

 

[Smellydog]

So what spares are needed. I've never come across anything breaking on their rifles. Not saying they don't but I sure want to know.

 

[Tazz]

So....if you have a Sauer that you want to keep hold of it might be an idea to buy up some of the typical bits that degrade or are easily broken. Such a shame, great guns.

There seems doubt about the story anyway but Sauer rifles are part of the Blazer, Mauser group and they are not going broke

 

[Jamouk]

Even Holland and Holland is owned by Chanel now