Liberty Safe Announces New $10 Million Automated Gun Safe Production Facility
—Robotic Assembly Line Creates Gun Safe Every 90 Seconds
PAYSON, UT (PRWEB) May 19, 2012
Liberty Safe, the world’s leading manufacturer of high quality home-and-office gun storage safes, completed testing its new $10 million fully-computerized production facility in May 2012, doubling its gun safe output to more than 700 safes a day.
"We’re investing in the future to meet customer’s highest expectations," said Kim Waddoups, the newly appointed President of Liberty Safe Inc. "Leading the industry in technology and innovation, and offering a gun safe of the highest quality, is why more than 1.5 million customers have been choosing Liberty since 1988," Waddoups said.
Steve Allred, Liberty’s Senior VP, Chief Operating Officer, said the automated line has created new jobs. "The new facility will add more than 100 new employees at Liberty," Allred said, "It shows that America can compete with anybody—and with better products made in the USA."
The new production line was in the planning and design stage for more than 2 years, and was built and tested in Michigan in 2011. It was relocated to Payson and reassembled this past spring.
Buddy O’Neal, Director of Engineering, says the 12-stage line handles the most critical production parts of the gun safe. "It does all the heavy lifting and time-consuming bending and welding to produce the most accurate, high quality safes on the market," O’Neal said. "It automatically cuts lengths of heavy gauge steel for the specific model we’re building. Lasers and CNC machines take over to do the notching and cutting of each door and body while robotic arms hold and weld the joints. The automated powder-coating paint process finishes each gun safe in preparation for final assembly, producing a new safe every 90 seconds. Detroit couldn’t do it any better," he said.
Jamey Skousen, Director of Marketing, says Liberty's leadership, sales, and market forces have created a surge in popularity in home and gun safes over the past five years, and the new production line will meet that demand even better.
"Safes are a phenomenon of current national and world trends," Skousen said. "We’re investing to meet those market demands. Add a shaky economy, falling dollar, potential inflation, and increasing crime and you get homeowners wanting to protect their valuables closer to home and not at the bank. It’s resonated across the country. To satisfy that demand, we made an investment in modern technology—coupled with American ingenuity and a skilled workforce and dealer network—to make it all work. That’s why we remain the leading manufacturer of home, office and gun safes in the world."
Liberty Safe produces 24 different models of safes in a dozen different colors, with a capacity of up to 64 long guns, and 2-1/2 hour fire protection. The company is supported by America’s largest chain of 350 independent dealers nationwide and 4,000 other retail outlets worldwide.
mthiker,how in the world do you constantly come up with these very informative articles for CODI investors? You are a true treasure to this message board.What is your current outlook for CODI and do you ever see a return of Joe to the helm of the company.Thanks.
As to how I find these things, they find me. I use an RSS aggregator to search news and SEC feeds every 15 minutes for all of my holdings and their sub-holdings. (Snarfer, free.) Of course that includes each of the CODI companies.
As to CODI's future, I certainly don't know any more than anyone else. I've been in/out since 2007. I consider CODI an investment, not a trade, but will sometimes trade it in my retirement account (to avoid the hassle of calculating adjusted basis on sales). I consider Fox to be the crown jewel, with expanding revenue/earnings every quarter. Second in my favorites it Advanced Circuits. Not glamorous, but it keeps growing and I expect that someone will overpay to buy it from CODI sometime in the future.
I'm disappointed with AFM (as everyone is) and the re-named Anodyne (calling a goose a duck will not make it quack). I'm a little worried about the amount of goodwill we paid for with Ergo Baby, Arnold and Camelbak, and slightly more concerned with the impact of the Iraq/Afganistan drawdown on Camelbak revenues and whether we bought Camelbak at the top of the market. But I'm still long ...
As to Joe coming back, I'm would only be guessing. Keep in mind, even after Joe's departure, CODI was as high as +$16, and I'm not sure that Joe actually went anywhere, other than in form and filings.
Hey, thanks Mthiker for the neat update. When you combine the new line with Liberty being in conservative,good work ethic Utah you begin to think that Liberty has a real shot at staying ahead of China. As to what is driving gun sales (Glock is sold out) I've seen articles saying that President Obama with his anti-gun views is the best gun sale driving force ever. As far as Joe coming back I think not. His disappearance is due to more than just regulatory/SEC issues IMO. Besides, I can't see where his absence has hurt CODI. And the "noise level" has certainly diminished. There's also been a change in strategic direction emphasizing niche products requiring specialized manufacturing since he left, and I'm for it. My CODI holdings are an investment,too. I agree that FOX is crown jewel, but would be happier were it moved from high priced/high taxed CA to either Utah or Texas. Camebak a great acquisition IMO. I've seen the first banning of disposable water bottles on ecological grounds, and suspect Camelbak will do fine. Rare earth magnets is another technical product along with circuit boards that should have a good future,too. I think what we all need is one of these companies to soar so that CODI can get above $20/share. And it sure isn't going to come from "promotional furniture"!