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Ithaca LLC out of business?
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Gentlemen,
I have been trying since March '05 to get a refund for a cancelled parts order, but no luck. They had charged my CC a month before the parts were to ship.
Ithaca first stated that they were moving into a new bulding, and it could be two months for a refund.
Now no phone numbers work & the website is shut down.

Does anyone have any additional information?
 
Posts: 43 | Registered: 18 July 2003Reply With Quote
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hot shot,

Give these guys a try. They used to be a factory service center for Ithaca...perhaps they can give you more info.

diamondgunsmithing@a-znet.com
 
Posts: 4574 | Location: Valencia, California | Registered: 16 March 2005Reply With Quote
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have you talked to your credit car company??
 
Posts: 13466 | Location: faribault mn | Registered: 16 November 2004Reply With Quote
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Yes

I just found this at another site.

Read and weep Link

I am almost glad I sold my 2 off a few years back.

Johnch


NRA life
Delta
Pheasants Forever
DU
Hunt as if your life depended on your results
 
Posts: 591 | Location: NW ,Ohio 10 Min from Ottawa NWR | Registered: 09 January 2005Reply With Quote
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Jonch,

Thanks for the information, my hunch was correct.
What really p$ss#4 me off is that they could not tell the truth, instead covering it up with "we're involved in a new building move" and "we've got a new accounting department that can't refund your monies yet".
I'll recommend to customers to not purchase an Ithaca, or any parts after they puled this fiasco!

Hotshot
 
Posts: 43 | Registered: 18 July 2003Reply With Quote
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WHen reading the thread there is mention of parts and guns moved to a secure offsite location. Probably means the bankrupcy court has seized them, may not but I would like to know the facts.

Too bad, I knew Ithaca was hurting, guess I should have bought one, but my help probaly wouldn't have mattered anyway. They did do a nice shotgun for a long time, guess its been down hill for the company since the got rid of their doubles. THe have on/off been struggling finacially for years.
 
Posts: 1486 | Location: Idaho | Registered: 28 May 2004Reply With Quote
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Could be worse.

I lost 45% of my down payment on a Bren 10 when they failed .

Johnch


NRA life
Delta
Pheasants Forever
DU
Hunt as if your life depended on your results
 
Posts: 591 | Location: NW ,Ohio 10 Min from Ottawa NWR | Registered: 09 January 2005Reply With Quote
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Guys -

I live in the area and this article was just posted at the Syracuse.com site:

Ithaca Gun Is Closed

Here's the text:

Ithaca Gun forced to close its doors
ÂBy Scott Rapp Â
ÂStaff writer Â
¦Ithaca Gun Co., a pillar in the production of firearms since 1880, shut down shortly after moving to Auburn, a company official said Tuesday.
“We’re just tapped out, we can’t do it any longer,†said Ithaca’s Andrew Sciarabba, one of seven investors who own the company.
Sciarabba said Ithaca Gun was several hundred thousand dollars in debt and was unable to compete profitably against foreign gun manufacturers.
The investors are hoping to find someone interested in buying the company’s well-known name and resuming production in Central New York, he said.
“We’re looking for someone to start up the business again, but I don’t know if that is going to happen or not,†Sciarabba said.
The demise of Ithaca Gun triggers potentially bad news for Cayuga County, which loaned $150,000 to the firm for operating expenses last fall when it had about 26 employees.
The county loaned the money from its federally funded business assistance revolving loan fund, said county Planning Director David Miller, who in his position oversees the loan program.
The company put up its equipment as collateral for the money, but had missed its May and June loan payments totaling $986.30, Miller said.
County Legislature Chairman Herbert Marshall, who sits on the committee that approved loaning the money, said he would prefer that the county work with the company in finding a buyer rather than seizing the equipment used as collateral.
“If there is the possibility to protect our financial interest and keep them running, that would be the best final solution,†Marshall said.
In late April and early May, Ithaca Gun relocated to the former Johnston Paper Co. building in Auburn’s tech park off Division Street. On Tuesday, there were two cars in the parking lot and a company van without license plates.
Prior to moving, the company had operated out of the former King Ferry Central School building since 1989.
Ithaca Gun opened for business at the base of Ithaca Falls in 1880 and forged a reputation for making affordable and durable shotguns like the Deerslayer and Deerslayer II slug guns and Model 87 field shotguns. Every part was hand-polished.
“Ithaca has been a well-established name in the firearms industry for a long time,†said Gary Mehalik, a spokesman for the National Shooting Sports Foundation in Newtown, Conn., a trade association for firearms manufacturers.
“The price was affordable, the quality good and they were nostalgic favorites. I imagine there are grandfathers who shot their first deer or duck with one of those guns and gave them to their grandchildren and those guns still work,†Mehalik said.
Sciarraba said his group of investors acquired Ithaca Gun out of bankruptcy in the mid-1990s. He said the group put an undisclosed amount of money into the business every year, but “never made any money.â€
The gun company also owed several years worth of back excise taxes to the federal Bureau of Alcohol, Tobacco and Firearms, he said.
Gun manufacturers have to pay an 11 percent excise tax on rifles and shotguns and 10 percent tax on handguns, Mehalik said.
Auburn Mayor Timothy Lattimore was saddened to learn of the news. He used to hunt pheasants with an Ithaca shotgun.
“It’s unfortunate that a legacy such as Ithaca Gun, one of the premier gun manufacturers in the world, is out of business,†he said


A very sad day. Wonder if it would be worth it to try and buy it out. I actually know the gentleman from Ithaca that is quoted in the article.
 
Posts: 714 | Location: Sorexcuse, NY | Registered: 14 February 2002Reply With Quote
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