"TenPoint Crossbow Technologies recently acquired chosen possessions of Horton considering that Horton's ability to operate deteriorated," said Rick Bednar, Chairman, Head of state and CEO of Hunter's Production who does company as TenPoint.
"The business launched most of its employees in April 2013 and its primary (secured) creditor finally took possession of all Horton's assets, and closed its doors. That operation no longer exists, and TenPoint will not continue making or servicing any of Horton's previous or present bow models," Bednar included.
Horton was the oldest crossbow manufacturing company in the nation. And Ottie Snyder Jr., Horton's media relations manager at the time, was crucial in motivating and promoting the use of crossbows for searching in a number of states, Pennsylvania consisted of.
When Horton developed financial problem, Greg Ritz, a TV host of Quest Masters, purchased the troubling business however couldn't turn it around. Hence the repossession and Horton's demise.
Actually, Bednar was among the 4 investors who developed the original Horton U.S.A brand name in 1985. He acted as COO from its creation until 1991 when he sold his stock and left the organization. In 1994, Bednar formed Seeker's Manufacturing Company and called his bows after the company. Horton, however, demanded the resemblance of that name to theirs, so Bednar altered the name to TenPoint.
As for Horton's demise, Bednar discussed, "To put all this in easy terms, our study made it clear that it was neither functionally nor financially sensible to resume the Horton manufacturing and maintenance operation. We intend to spend the months ahead producing a brand-new business with a new lineup deserving of the storied Horton name. We anticipate to reintroduce the new business as quickly as it is possible. While that effort is underway, we will certainly continue to continue to be concentrated on handling TenPoint and our subsidiary, Wicked Ridge Crossbows.".
When it comes to getting Horton bows fixed if something breaks, Rick Weaknecht of Weaknecht Archery in Kutztown, who was among Horton's largest dealers, said that he has some parts in stock for Horton crossbows but when they're gone, he has no access to more.
And as for Bednar's statement of creating a new company with Horton products, Weaknecht stated he assumes from exactly what his TenPoint team member tells him, is that Bednar will certainly reintroduce just the reverse limb crossbow that Horton sold, maybe under a different name as they've done with sub-branded and more economical Wicked Ridge crossbows.
As a side note to crossbows, who 'd ever think a crossbow would cost near to $2,000, the rate of a high-end rifle or shotgun. Yet, according to Weaknecht, he has men can be found in the store and plunking down this price for a TenPoint considering that they needed to forego a family trip or hold off on purchasing a brand-new automobile so they can afford these and high-end recurve bows.
Horton was the earliest crossbow manufacturing company in the nation. And Ottie Snyder Jr., Horton's media relations manager at the time, was crucial in motivating and promoting the use of crossbows for searching in a number of states, Pennsylvania included. Horton, nevertheless, sued for the resemblance of that name to theirs, so Bednar changed the name to TenPoint.
As for Horton's demise, Bednar described, "To put all this in easy terms, our study made it clear that it was neither functionally nor financially sensible to resume the Horton production and maintenance operation. This Report