“Although Ellett Brothers, LLC will continue to exist, it will be a significantly smaller organization,” the company said.
The first separations are planned June 30, with “additional layoffs” to follow in stages, the letter says, “depending upon the need for workers during the transition period.”
In May 2018, Ellett Brothers acquired the assets of AcuSport, a distributor of shooting and hunting products, which operated at the time at 1 Hunter Place.
AcuSport filed last spring for Chapter 11 bankruptcy protection before being acquired by Ellett Brothers LLC, which is a wholly owned subsidiary of United Sporting Cos.
“United Sporting Cos. is pleased to be acquiring the state-of-the-art distribution capabilities of AcuSport and to provide employment to a significant number of its employees,” Brad Johnson, United Sporting chief executive, said in a release last year.
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