Local firearms manufacturer moving into city limits
Local firearms manufacturer, FosTech Inc. will move into Seymour city limits this year, taking over the former Bender Lumber building at 320 Myers Lane in order to expand.
Owned by brothers Judd, Paul and Mark Foster, the company makes Origin-12 shotguns, ultralight AR-15 rifles and a line of firearm accessories.
With continued demand in the firearms market, the business has experienced much success and growth.
Founded in a garage in Seymour in 2010, FosTech has grown into a multi-million dollar company employing 13 full-time and more then 15 part-time workers.
The company tends to hire police officers, firemen and emergency technicians as part-time workers, President Judd Foster said.
The relocation will allow the business to add 4 more full-time positions.
FosTech attended Seymour’s City Council meeting to request tax abatement on a total investment of $1,075.000. Council approved two 10 year abatements; the first for $500,000 in real estate improvements, and the second for $575,000 in new equipment.
City Council also approved a transfer of a previous abatement that had been granted by the Jackson County Council in 2017 for a $360,000 investment in equipment.
The company’s mission requires them to stay on the cutting edge of technology, and they currently own multiple patents and have patents pending on a variety of products.