A local newspaper some months ago reported it was closing.
From "La Nazione" , 3rd of July 2013:
"Chiusa ieri anche la storica azienda di penne stilografiche, Etruria, con sede in via Livorno, che commercializzava il marchio Stipula. Sono 10, in questo caso, i dipendenti senza più un lavoro."
"Yesterday Etruria, the historical fountain pen company behind the brand Stipula, its heardquarters located in Via Livorno, was closed down. Ten employees have lost their job".
I think they simply reopened under another name (Antiche Fabbriche Fiorentine, I've read somewhere), so I'm sure that pens are still in production.
Edited by Raskolnikov, 14 April 2014 - 12:35.