They are not out of business, actually.
The production of hunting rifles was taken over by a different company but they still use Mauser Jagdwaffen GmbH as their business outfit. (Blaser, in turn connected to the SIG brand name. They market the Mauser M2 pistol in the US).
The production of military grade equipment is also still active (in the old company building at Oberndorf am Neckar), but now under a different name: Rheinmetall Defence.
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