Camillus was purchased by the Acme United Corporation at a bankruptcy auction. It's an American owned company, however I believe most (if not all) of their knives are made in China. It pretty much has little to do with the original Camillus.
Along the same lines, Schrade cutlery was purchased by Taylor Cutlery (the same people that make the Smith and Wesson knives). Again, I believe all of their knives are made overseas.
With that in mind, all is not lost. Becker Knife and Tool, which used to be a part of Camillus, is now part of Kabar. They are still making great knives right here in the USA. I also believe that Bear and Sons cutlery bought some of Camillus' tooling and continue to use it to make knives right here in the USA.
With Schrade, the former president of the company bought out one of their old buildings and formed Canal Street Cutlery along with a lot of Shrade's former employees. Essentially they are carrying on Schrades legacy. Their knives are more expensive than what Schrade used to produce, but they're also significantly higher quality.