Bristol-based PTR said in a statement posted on its website that it has not decided where it will move, but has commitments from most employees to relocate. The company makes military-style rifles and employs more than 40 people. PTR Vice President John McNamara said the company expects to make a more formal announcement about a move within six weeks.

“Along with other companies in the trade, we were deeply apprehensive at the hurried process to develop new gun laws and fearful that it would generate unintended consequences for our industry,” the company said.

With the legislation signed into law by Gov. Dannel P. Malloy on April 4, “our worst fears were confirmed,” the company said. “What emerged was a bill fraught with ambiguous definitions, insufficient considerations for the trade, conflicting mandates and disastrous consequences for the fundamental rights of the people of Connecticut.”

The Connecticut Valley in Connecticut and western Massachusetts has been home to a large gun industry dating to the Revolutionary War.