Quote History
Hi,
This is a real can of worms as to paraphrase a good acquaintance at Shotgun News "C Products LLC was one of the epic fails in the firearms industry
...". I should probably say right now "Thank the Lord for what I'm about to receive." and enjoy the fireworks tonight.
You do have to go back about three years before Mr. Panka's announcement on the this board 5/5/11. Most of this information is public domain, with some talks to people at NDIA shows and events like the National Machinegun Shoot at Knob Creek.
C Products LLC signed a contract with Marsam Metal Finishing Company with a exclusivity agreement that was punitive. Apparently, it was very punitive, typically in these types of agreements there is an escape clause that states if the company supplying the product provides a defective product its no longer valid. There was no such clause in the agreement with Marsam, and when the Teflon coating Marsam was not up to C Products LLC‘s standards they went elsewhere and were sued per the contract they signed. The result was not pretty. C Products LLC was slammed with a seven figure settlement 03/31/2010 and went under shortly after.
The fallout of this is interesting, The Jonathan Scalise CEO of Marsam Metal Coating Company the winner of the suit became the Managing Member and CEO of Ammunition Storage Components (ASC) 4/2011, registering the company with the State of Connecticut 9/2011. ASC LLC is making magazines off of dies and machinery gotten as part of the settlement from C Products LLC. ASC is now making design changes now to their followers and springs (now flat on 7.62x39 magazines). It'll be interesting to see were the changes go. It also seems that some of C Products LLC distributors such as Cope's Distributing went to ASC.
Jonathan Scalise CEO MARSAM/ASC Llc
Barry Bergen who registered C Products LLC in 2004, was in charge of administration and engineering for C Products LLC and managing Member became head of engineering for ASC Llc March 2010 per his resume. Ironically, Mr. Bergen now works for Jonathan Scalise at ASC who is also the CEO of Marsam. The strange twist is that C Products LLC is still a active company with the State of Connecticut until the bankruptcy is finished, and Mr. Bergen is listed as agent and managing member. Basically, the current agent, managing member of C Products LLC is working for ASC, talk about headaches!
C Products LLC Incorporation
Barry Bergen Managing Member C Products LLC/Head Engineer ASC LLC
Larry Panka, now lives in Florida running LCJ Wholesale LLC. Mr. Panka was the face of C Products LLC and did promotions and sales. When the company went under being the face he got the majority of the blame. I talked with vendors/ distributors and the story was the same purchase orders were place for magazines and other deals passed on. A lot of anticipated cash flow was lost, but none of the vendors paid in advance. Many of those vendors went to ASC when it formed after the bankruptcy of C Products LLC. The failure left a bitter taste in a lot of peoples mouths and I truly think it will take some time for these people to do any business with any company whose name starts with " C Products". ASC avoided this by using a different name.
Summary
It could be argued that ASC LLC is basically the old C Products LLC reformed under a new name, face (Jonathan Scalise)/management, and location a few miles away. The same C Products LLC stamping dies, tooling, and CNC programs, robotic welders, engineering staff, and coating are used by ASC to make magazines sold to the same vendors. The flip side is that ASC is making design changes to their magazines, and bringing out new designs, hopefully with improvements.
Best Regards:
Edited for spelling