Lack of progress on Ranger Scientific’s 1,000-acre purchase of reclaimed mining property to build a $41.5 million, 150,000-square-foot West Virginia ammo factory has some residents concerned. The company made headlines when it announced plans on May 31, 2016, to secure the property in Kanawha County, West Virginia. Since then there’s been little if any headway and at least one newspaper is now reporting on the CEO’s alleged involvement with two other failed cartridge-manufacturing attempts.
Production was to begin in 2018, with as many as 450 employees at an average salary of $70,000. It was big news for an area with a chronically high rate of unemployment. CEO Daniel Pearlson’s claim Ranger would be offering “harmonically synchronized” loads also intrigued shooters. Cartridges would be available with different powder charges and bullet weights in each chambering, and sample kits were planned, allowing shooters to determine the best performing load.
According to the newspaper report, the businessman’s journey to establish the West Virginia ammo factory began on Nov. 26, 2012, when a joint Handels Securities and DayDra Holdings Group press release announced a partnership to form Saber Ultra Precision Ammunition. It claimed the Las Vegas-area plant would “…introduce the highest-quality ammunition in the industry, at high production levels, and at relatively low costs.” A study conducted by the Nevada Governor’s office estimated the total economic impact of the 500 jobs it could bring to the region would be more than $165 million. Architectural plans were submitted and a zoning meeting held.
Saber’s website is still live, though, and there is one promotional YouTube.com video. “I didn’t start the company; I never owned any part of it, never made any investment and was never paid,” Pearlson told the Charleston Gazette-Mail, explaining he was a part-time consultant.
Texas Ultra Precision Ammunition
Late the next year, Mineral Wells, Texas, was doing everything it could to entice another company, Texas Ultra Precision Ammunition—in talks with Mark Ryan (Director of Business Development for the latest effort) and Pearlson, according to another Gazette-Mail story—into launching and locating its $50 million manufacturing facility on 100 acres near there. Up to 200 people could have been employed, according to the Mineral Wells Index. Ultimately, that effort fell apart.
“I was also not the CEO of UPA (Texas Ultra Precision Ammunition),” Pearlson explained. He served as a technical consultant and, “I purchased no share of the company…”
West Virginia Ammo Factory
Residents would benefit from the new company, and Ranger’s approach certainly piques the interest of precision shooters. Let’s keep our fingers crossed the third time is the charm for this West Virginia ammo factory and nearby residents.