Mead Industries Files Chapter 11 Bankruptcy Amid Declining Sales
Mead Industries Inc., a Nebraska-based ammunition manufacturer with over three decades in business, has filed for Chapter 11 bankruptcy protection. The company listed assets of $7.1 million and debts exceeding $6.4 million as it seeks to reorganize its operations amid declining sales and legal disputes. The firm's largest creditors include Kentucky’s Best Hemp Inc., Hiawatha National Bank, and Gunwerks LLC, among others. Mead Industries has seen a steady drop in revenue over the past three years, from $2.4 million in 2024 to just $1.3 million by mid-2025. This filing reflects broader challenges within the firearms industry as overall sales have declined since 2024. The National Shooting Sports Foundation reported a 4.1% drop in firearm unit sales from 2024, and other reports indicate continued declines through early 2026.
Topics: ammunition manufacturing bankruptcy firearms industry