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.............................. Smith & Wesson
Logo and Trademark..............................
Smith & Wesson NASDAQ: SWHC (S&W) is the largest manufacturer of handguns in the United States. The corporate headquarters is in Springfield, Massachusetts. Smith & Wesson is known for the many types of ammunition it has introduced over the years and for its revolver expertise. In March 2000, Smith & Wesson signed an agreement with the Clinton Administration in order to avoid lawsuits. The company agreed to numerous safety and design standards, as well as limits on the sale and distribution of their products. Gun clubs and gun rights groups responded to this agreement almost instantly by initiating large-scale boycotts of Smith & Wesson by refusing to buy their new products and flooding the firearms market with used S&W guns, cutting into their market share.
On May 11, 2001, Saf-T-Hammer Corporation acquired Smith & Wesson Corp. from Tomkins PLC for US$15 million, a fraction of the US$112 million originally paid by Tomkins. Saf-T-Hammer also assumed US$30 million in debt, bringing the total purchase price to US$45 million. Saf-T-Hammer, a manufacturer of gun locks and other firearms safety products, purchased the company with the intention of incorporating its line of security products into all Smith & Wesson firearms in compliance with the 2000 agreement.
The acquisition of Smith & Wesson was chiefly brokered by Saf-T-Hammer President Bob Scott, who had left Smith & Wesson in 1999 because of a disagreement with Tomkins’ policies. After the purchase, Scott became the president of Smith & Wesson to guide the 157-year-old company back to its former standing in the market. On February 15, 2002, the name of the newly formed entity was changed to Smith & Wesson Holding Corporation.
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