Iver Johnson's Arms & Cycle Works
The company's name changed again to Iver Johnson's Arms & Cycle Works in 1891, when the company relocated to Fitchburg, Massachusetts, (sometimes incorrectly referred to as "Fitzburg") in order to have better and larger manufacturing facilities. The Iver Johnson Complex, as it is known today, resembles other abandoned Industrial Revolution-era properties in New England. As has been the trend, the complex is often a target for real estate developers who intend to exploit its buildings' industrial brick aesthetics and open floor plans to create retail, residential, or other types of usable space.
Iver Johnson died of Tuberculosis in 1895, and his sons took over the business. Frederick Iver, (born 10/2/1871), John Lovell (born 6/26/1876), and Walter Olof (August 1878), each had vastly different levels of involvement in the company ranging from executive leadership to barely any involvement at all. They shepherded the company through a phase of expansion, as bicycle operations grew, then converted to motorcycle manufacturing and sales. They also saw the growth of the firearms business and the eventual restructuring of the company to focus on firearms and related business as they divested non-firearms concerns, such as the motorcycle business, in the face of growing firearms demand, World War I's armaments industry expansion, and other factors. As family ownership waned and outside investment via publicly traded stock and mergers/acquisitions/partnerships took hold, the company changed ownership and moved several times during its operation.
The company eventually dropped "Cycle Works" from its moniker when that part of the business was shut down. The business successfully weathered the Great Depression (in part thanks to higher rates of armed robbery crimes, which helped maintain demand for personal firearms) and was buoyed by the dramatic increase in the market for arms leading up to and during World War II. As a result of changes in ownership, the company had the first of two major relocations in 1971 when it moved to New Jersey. It moved again to Jacksonville, Arkansas, and was jointly owned by Lynn Lloyd and Lou Imperato, who also owned the Henry brand name, before it finally ceased trading under its own name in 1993, at which time it was owned by American Military Arms Corp (AMAC).
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