Lynn doesn't have any kids.Well Cold Steel has always been a polarizing company. That's their thing. I would definitely rate them as one of the ground breaking companies in that production knife boom of years ago.
I can't speak from any experience but I'd have to guess that the owner couldn't see his kids taking on his role. That is a pretty typical turnover in any business like this . A couple companies like Chris Reeve and Spyderco are lucky in that those original driving forces have kids who're carrying on their vision. There are no guarantees that will happen.