In 2000, Walt sold Berger Bullets to Spiveco Inc. This move merged Walt’s skill at building rifle bullets with the company that produced the J4 Precision bullet jackets utilized in all Berger Bullets. The plan was for Spiveco to provide additional resources to further grow the Berger operation in Phoenix, Arizona. Unfortunately, Spiveco fell on hard economic times. The owner of Spiveco was compelled to shut down the Phoenix operation, terminate all of Berger’s employees (except for Walt and Eunice, who stayed on as consultants but remained in Phoenix) and move everything to Fullerton, California. Within a few years, Spiveco’s financial hardships forced them to liquidate all of their assets.
In 2003, the Sheeks family acquired Spiveco’s assets, which included a much diminished version of the Berger Bullets operation. The Sheeks family has a long history of precision metal stamping, but they were not familiar with the bullet making process and the firearms market. They needed someone in Fullerton to focus on growing Berger back to prominence. Walt suggested they rehire Eric Stecker, who was the former Plant Manager of the Phoenix, Arizona operation.