PTR Industries gets default notice for missed rent

PTR Industries, the gunmaker that made headlines two years ago for its politically charged move from Connecticut to South Carolina, owes more than $73,000 in overdue rent.

Horry County officials sent a default notice to the company on June 10 stating that it had 30 days to pay or the county would retake the building, The Sun News reported.

“We’ve come to a point in time where we’ve actually put them on notice that we’re looking at exercising our rights under the lease agreement to recover those arrearages,” county attorney, Arrigo Carotti, told the Myrtle Beach newspaper.

In the letter the county says it hasn’t received any payments since March 23 despite efforts to work out a payment plan with the company, the newspaper reported. Horry leaders said they remain open to negotiating a repayment plan, but the notice stresses that the company must address the matter quickly.

Carotti told the newspaper that the county is not at the point of evicting the company, but actions need to be taken to settle the matter.

The company announced in April 2013 that it would leave Connecticut following lawmakers passing some of the toughest gun laws in the country in response to the shooting at Sandy Hook. The measures heavily restrict PTR’s key product, a high end reproduction of Heckler & Koch’s G3 rifle that uses magazines capable of holding more than 10 rounds. PTR officially moved to The Palmetto State in June 2013.

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