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PMC ammo out of business, but SD company buys up the stuff

Discussion in 'General Gun Discussions' started by hillbilly, Oct 26, 2006.

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  1. hillbilly

    hillbilly Member

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    http://www.rapidcityjournal.com/articles/2006/10/26/news/business/news674.txt

    Sturgis ammo firm aims high
    By Dan Daly, Journal Staff Writer
    STURGIS — Jamison International, the small, Sturgis-based ammunition maker, is about to become a much bigger company.


    James Mason, a worker at Jamison International in Sturgis, feeds brass slugs into a metal press, one of the steps in making brass casings for ammunition cartridges. (Dan Daly/Journal staff)

    Jamison recently bought the assets — 27 truckloads of machines and equipment — from PMC Ammunition of Boulder City, Nev.

    Financially troubled PMC had gone out of business. Jamison partner Marc Jamison was quick to point out that Jamison did not buy the PMC business, only its assets.

    Last week, the first truckloads of equipment began arriving at Jamison’s facility at Sturgis Industrial Park. Jamison recently expanded into a second building, and plans are in the works to build, in stages, a 70-by-450-foot addition.

    Jamison International started in Huntington Beach, Calif., in 1996 and moved to Sturgis in 2001.

    “It was a good move,” Jamison said. “There’s a good work ethic up here, and the business climate for our industry was bad in California. Sometimes, you couldn’t even rent a building if you had anything to do with guns.”

    As of Thursday, Jamison had 15 workers, but the number is expected to rise soon. The company plans to have as many as 60 employees by the end of 2007.

    The deal to buy out PMC did not include any of its customer accounts. However, official Paul Jannuzzo said that Jamison will have no problem finding a market for its new production capacity.

    “None at all. There’s a war going on,” Jannuzzo said.

    Wars in Afghanistan and Iraq have increased military demand for ammunition. As big manufacturers retool to fill military contracts, the market for sport and law enforcement ammunition has opened up for companies large and small, he said.

    Jannuzzo serves as chief operating officer and corporate counsel to a related company, CheyTac Associates, maker of military and small arms. Marc Jamison’s partner in Jamison International, Corey Kupersmith, is the owner of CheyTac.

    CheyTac, based in Arco, Idaho, produces advanced ammunition, small arms and ballistic computer systems for the military, law enforcement and civilian markets. Its flagship product is a line of high-octane military sniper rifles —weapons that are accurate at distances of more than 2,000 yards.

    CheyTac’s sniper rifle fires a particular type of .408-caliber ammunition. Sturgis-based Jamison International manufactures the brass shell casing for the .408. It’s one of only two companies that make the .408.

    Jannuzzo is the former chief operating officer and corporate counsel at the U.S. unit of handgun giant Glock. Based in Atlanta, Jannuzzo operates part time in Sturgis.

    The PMC deal is the largest of Jamison’s three acquisitions in the past year. The company also bought the assets of Freedom Arms, based in Wyoming, and Lost River Ballistics, now based in Idaho.

    The Lost River acquisition included two computer-controlled metal lathes that make high-end bullets.

    Currently, Jamison International’s Sturgis facility specializes in making brass shell casings. However, with the new equipment, the company will make the transition into manufacturing bullets and cartridges.

    Among the assets are 76 metal works presses as well as machinery for producing brass ammunition cases. Also, a complete case-loading production line will have capacity for loading a quarter-million ammunition rounds per week.

    Ammunition-manufacturing equipment is hard to find. The machines are so durable that nobody is making new ones, Jannuzzo said. When the PMC machinery became available, Jamison beat out competitors from Brazil, Europe and the United States that wanted to buy it.

    In a news release announcing the acquisition, Dale Hansen and Dan Mayer, co-chairmen of Sturgis Industrial Expansion Corp., said they are excited about the significant expansion of Jamison’s Sturgis manufacturing operation.

    They said the growth of businesses such as Jamison, as well as newcomers from out-of-state, has a positive effect on the Sturgis and Northern Hills economy.

    “We look forward to Jamison’s expansion and the new jobs that will be created,” Mayer said. The Sturgis Industrial Expansion Corp. has had success recruiting gun and ammunition makers from throughout the United States.

    Gun maker Dakota Arms moved to Sturgis in the mid 1980s. CorBon Bullet Co. moved to Sturgis from Detroit in 1995. It has since acquired Glaser Safety Slugs, a maker of specialized ammunition.

    Bruce Bowen Co. makes a high-end line of shotguns for trap shooters. It moved to Sturgis from Nebraska. The company has a side business, called 100 Straight Products, that distributes trap shooting accessories.

    Rapid City, meanwhile, is home to rifle maker HS-Precision, Black Hills Ammunition Maintenance, A&A Engraving, Ultramax Ammunition and other firms.
     
  2. Creeping Incrementalism

    Creeping Incrementalism Member

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  3. CornCod

    CornCod Member

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    That's funny, I thought PMC was a foreign company, headquartered in South Korea. I thought PMC was Pusan Metallic Cartridge. Was I the victim of some kind of wacky auditory hallucination that has plagued me all these years? Unless, of course, they shipped all that machinery from Korea??
     
  4. Creeping Incrementalism

    Creeping Incrementalism Member

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  5. FTF

    FTF member

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    I just bought like 4 boxes of PMC a few weeks ago. Kinda dirty but functioned well.
     
  6. GunnyBob

    GunnyBob Member

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    In the For What It's Worth category: An email received from PMC told me that they were opening a new factory to keep up with the demand and would have their old lineup back and running early in '07.
     
  7. outofbattery

    outofbattery Member

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    My local shop has PMC Starfire .357SIG for $10 a box,must be the new owners dumping what's left of the old stock.It's a little light at 95gr but figured it's probably moving fast enough to get somebody's attention.
     
  8. GW

    GW Member

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    PMC was always a solid performer for me and a bargain to boot.
    I hope this new guy gets things up and running ASAP
    Maybe it'll cause some prices to drop.
     
  9. Dr.Rob

    Dr.Rob Moderator Staff Member

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    Maybe PMC just divested the US operation?

    PMC starfires were great rounds. Hope they are back in some form soon.
     
  10. Snowdog

    Snowdog Member

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    This might explain why I had trouble finding internet sources for Eldorado Starfire JHPs in several calibers, including .40S&W and .45ACP.

    Personally, I liked the stuff; cheap and accurate. Before I began reloading, I used PMC 9mm FMJs often... but I switched to S&B as my internet source offered them a bit cheaper in both 9mm and .45ACP.

    As for the Starfires, I believe Winchester's Ranger line is a better defensive JHP for me (feeds better from my 1911s). However, I would still put the Starfire squarely in the "Premium Defensive JHP" catagory, the market PMC was aiming for.

    Nice to see someone picked up the torch, though.
     
  11. Deanimator

    Deanimator Member

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    Poongsan Metal Corp, I believe.

    I used to shoot their ammo a lot in the '80s. I remember it being pretty hot, especially the .357s.
     
  12. Jkwas

    Jkwas Member

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    I use the Starfires in my 9mm's and also at times in my 38's. Good ammo.
     
  13. OH25shooter

    OH25shooter Member

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    Well that's just great! PMC was the most accurate ammo in my custom auto. Even I couldn't believe it until I sighted it in with five different ammo brands. PMC the best.....:what: .....now #2 has moved up to the #1 spot.
     
  14. Owen

    Owen Moderator Emeritus

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    I've had a few conversations wih the Jamison folks at SHOT Show. I don't think he is going to be interested in making plinking ammo.
     
  15. TallPine

    TallPine Member

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    Wasn't (or isn't) there also a South African "PMC" ...? :confused:
    ("Praetoria Metal Company" or something like that)


    Anyway, that is cool that the ammo industry is growing up here in the northern great plains - too bad they didn't move to Billings instead or I might try to get a job with them ;) But Sturgis isn't that far away ... I wonder if they give you a special deal if you drive right to the factory and buy a pickup load....???? ;)

    I had been buying PMC .357 magnums, though I haven't bought a box in a while since I reload my practice ammo.
     
  16. farscott

    farscott Member

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    Is this part true? I thought Freedom Arms was owned by Bob Baker, the son of the founder.

    Could this refer to the ammo manufacturing assets of FA?
     
  17. mordrid52

    mordrid52 Member

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    PMP - Pretoria Metal Pressings.
     
  18. vesmcd

    vesmcd Member

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    Hey, I've got a few boxes of PMC 7.62X39 ammo. Maybe I should sell them over the 'net as "Rare, no longer manufactured ammo!!" :evil:
     
  19. RH822

    RH822 Member

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    I remember back in the early eighties, on the back of the box it stated something like "Manufactured by Precision Metallic Cartridge". But I'm old and could be getting a little senile.

    RH
     
  20. dm1333

    dm1333 Member

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    You're not senile RH822

    I just bought a thousand rounds of PMC .22 and it says that on the boxes. I hope they keep putting out .22 because my TC R55 loves Zappers.
     
  21. 22-rimfire

    22-rimfire Member

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    I have always been quite pleased with their 41 mag ammo. It is accurate, moderately economical, and packaged in 50 round boxes. It just rubs me the wrong way when I see American ammo packaged in 20 round boxes. At first, the 20 round boxes were for "special ammo", but in reality it was and is a way to price 40 rounds like 50 rounds and make more money. The same darn thing happened with clorox bottles.... smaller bottles, slightly lower price, price climbs, and now they sell the gallon jugs like they are something special. Oh I forgot, it's concentrated. wow. Same stuff.

    Maybe I need to pickup a couple cartons of their 22 ammo. I sure hope they continue to manufacture ammunition and this was just "this" factory.
     
  22. RH822

    RH822 Member

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    I always liked their 5.56 mm stuff before they lighten it up. The first 1000 rounds or so of the PMC in the camo box that I bought would punch holes clear through a 3/8 steel plate that I used as a 200 meter target. The USA\Olin 5.56mm although very accurate would only pox mark the plate. My 1916 Spanish in .308 would get 3/4 penetration. And then one dark day the PMC just started to splatter against the plate, that was 20 yrs ago. I don't think I have fired any ammo quite as wicked as those first 1000 rds

    RH
     
  23. Nhsport

    Nhsport Member

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    The Zappers and other PMC rimfire were all pretty good and a real good value. I have heard that the Rimfire PMC was all made by Aguilla. When my stash od PMC rimfire runs down I will try some of that.
     
  24. Manedwolf

    Manedwolf member

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    Wonder if the Taurus Hex rounds will still be available, the almost solid-copper ones. They're PMC. I like those.
     
  25. SnWnMe

    SnWnMe Member

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    I thought it stood for Pattaya Manufacturing Co.
     
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