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From 1942 until 1945, the company used slave labour of the Neuengamme concentration camp with an own factory at the camp.
After World War II, Walther was reduced to just a collection of designs and patents. But Fritz Walther started anew and began manufacturing in Ulm in southern Germany. The company resumed production of the P38 (renamed as the P1) in 1957 in order to equip the new West German Army, the Bundeswehr, with sidearms. When Fritz Walther died in December 1966, his son, Karl-Heinz, took over the company, which then concentrated on the sports sector and the introduction of new technologies. In 1993 the Walther firm was acquired by Umarex of Arnsberg, who continued to manufacture under the Walther name in Ulm and Arnsberg.
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