After Ithaca's Dunnville assembly plant & repair facility closed in November 1978, the company loaded up a tractor trailer headed to the U.S., but it was stopped at the border due to paperwork issues. Ron Sharp, a foreman at the plant, seized the opportunity to buy the truckload. Ron also purchased the parts inventory from the Ithaca, NY plant (Ithaca declared bankruptcy in Dec. 1978). In 1986-87, SKB U.S.A. (still Japanese owned at that time) sold its inventory to 3 parties: Walker Arms, Indianapolis Sports of Texas and Lefever Arms (yes, Lefever still existed, at least on paper). Ron subsequently bought up the parts from these companies too.
The gun market being what it is, my guess is that Ron Sharp's tremendous parts inventory will someday end up south of the border.