Free Article: United Cutlery Bankruptcy

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United Cutlery Bankruptcy is a Fact and Ownership Has Since Changed Hands
By Myles Johnstone

United Cutlery bankruptcy is a fact, due to which the company, which once made the officially licensed swords from the Lord of the Rings have since discontinued them from further production and sale. This has led to just a few of these items being up for sale and the ‘new' United Cutlery will now be distributing Kit Rae Fantasy Art Weapons. Under its new ownership, the Kit Rae Fantasy Art Brand products, hitherto in short supply, will now give the public greater choice.

Bought Out by Cline Kadel

After the United Cutlery bankruptcy, from January 11, the company changed hands and was purchased by Clint Kadel who has been in the knife business from 1989 onwards and who also owns the large cutlery retail company that has its headquarters in Moultrie, Georgia. This means that United's offices as well as warehouse facility are now going to operate from Thomasville, Georgia.

In addition, Kit has an exclusive agreement with United Cutlery to bring out his own unique fantasy weapons and he is keen to bring out many new designs along with United Cutlery following its bankruptcy and new formation. There are also other fantasy related products such as the Kit Rae brand that the new company will be selling.

Due to United Cutlery's bankruptcy, all of its products are now in short supply and these include Kit Rae Adrasil. There is, however limited numbers of items in stock from the Lord of the Rings, Kit Rae as well as Gil Hibben series that are being sold. Its LOTR series are sold out and are not scheduled to be reproduced or be manufactured anymore, and any store that is selling these products will offer buyer's a last chance to purchase the originally licensed products from the Lord of the Rings movie.

After United Cutlery filed for bankruptcy in December 2006, the company was liquidated and products designed by Gil Hibben for United Cutlery were discontinued from manufacture, and these items are not covered under warranty due to the fact that the company has gone out of business. Even though Gel Hibben and Hibben Knives were the licensed designers for United Cutlery, they are, following the United Cutlery bankruptcy, not responsible for the manufacture as well as marketing of these items, and Gel Hibben and Hibben Knives will not be able to provide or support these products which were being manufactured by United Cutlery.

Following the United Cutlery bankruptcy, however, the new company does intend, under its new ownership intend to continue the United Cutlery line with another manufacturer. For the moment, it is unclear whether the Gel Hibben designed products will be included anymore or not. It is thus a question of wait and sees.

Author Details:
Myles Johnstone writes exclusively about finance related sites such as asset finance and Small Business Finance Info.com
Visit http://www.statesecurities.plc.uk/ for asset finance solutions.

Source: Business & Finance Article Directory

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