From Smith & Wesson . . .
Smith & Wesson Brands, Inc.(NASDAQ Global Select Market: SWBI), a leader in firearm manufacturing and design, today announced that it plans to divest its Thompson/Center Arms brand. This decision is part of the Company’s broader strategic plan that will focus on its core Smith & Wesson brands.
Mark P. Smith, President and CEO of Smith & Wesson Brands, Inc., said, “Thompson/Center is a beloved hunting brand with a longstanding heritage, and we are committed to ensuring a smooth transition. Thompson/Center Arms’ loyal consumers should rest assured that they will continue to receive the world-class firearms, accessories, and customer service support that the brand has been known for since its founding in 1965. We remain fully committed to the hunting and long-range shooting market, and with this divestiture we will be able to now focus on these categories under our iconic Smith & Wesson brand. Additionally, this will allow us to immediately redirect manufacturing capacity to increase overall production volumes, allowing us to gain additional market share while simultaneously increasing profitability.”
At this time, a buyer for the Thompson/Center Arms brand has not been identified; however, the divestiture is not expected to have a material financial impact on the Company’s first quarter fiscal year 2022 results and the Company expects the divestiture to be accretive to the Company’s full year fiscal 2022 through higher overall production levels, increased margins, and lower marketing costs. The Company states that this decision will not result in a workforce reduction as its flexible manufacturing model allows it to repurpose capacity immediately to other areas without a headcount reduction.
Interested parties should contact the Company via email at [email protected] or by calling 413-747-3448.
my brother has a bunch of contender stuff.
357max is no joke.
Ruger…
ttag group purchase?
I’m in for $5
I have a $5 bill ready to go…
Let’s face it — Smith & Wesson has never been known for the brilliance of its senior management.
Man, i was thinking the exact same thing…. cut down your versatility to weather poor times, and throw out the long distance shooter and hunters with the baby’s bath water… WTF???
No one wants a break open single shot anymore, no matter how good they are.
Probably after they watched that fool with the .460 Nitro re-chambered Contender bounce it off his head years back. Who didn’t see that coming while reading the title of the link?
Dangerous game cartridge + pistol = dented fo’hed.
They are very good sellers and remain extremely popular.
Well, I do!
I recently bought a Henry single shot in 44 mag. Great fun!!
Thinking of getting another in 308 too…
Depending on what your doing. But it only take one well placed shot. Not a rush don’t worry three or more to take it down with. Always should be take as Clean and humanly as possible. Trouble with today we are all in to mush if a rush.
So I wonder how currently owned t/c stuff will be handled in the event of warranty claims
awesome
The T/C barrels kept coming out uncanted and S&W couldn’t deal with that. Drove them nuts.
Comments are closed.