Anybody else notice.....

[Ray]

that hodgdon is said to be shutting down Goex ?

[Scott Tschirhart]

Yeah, I read their press release. Its a pity.

[AJMD429]

.

The cynic in me says it's probably being done at the behest of the government.

[Bill in Oregon]

I saw this yesterday. I plan to send an actual mailed letter asking them to consider staying in the business or selling the brand and factory to another investor.

[marlinman93]

I wish they'd actually say why? Maybe insurance costs got so high they couldn't justify keeping it open? If so, then likely nobody else would buy the factory and keep it open either?

[Ray Newman]

In June 2021, there was another explosion and fire at the plant

https://websterparishjournal.com/2021/0 ... explosion/
https://www.dailydispatch.com/StateNews ... dents.aspx

If memory serves me, there have been about 4-5 other explosions/fires at the plant. Manufacturing Black Powder is very dangerous.

All sorts of rumors are floating around about the reason for the shutdown. But, as Shadow4 said on the Shiloh Sharps board:

"I'll bet it has everything to do with how many times can you afford rebuild the blowed up place, and how many more times can they get luck nobody got killed in this blow up, and the next one, and the one after that."

I also wonder about business insurance. After this many explosions and fires, who would write a policy and at what cost? Or, maybe HODGDON was self-insured and cannot afford that "policy" any longer?