[G56]

Deal Expected to Add $70 Million of Net Sales Provides Immediate Entry into Hunting Rifle Market



SPRINGFIELD, Mass., Dec. 18 /PRNewswire-FirstCall/ -- Smith & Wesson Holding Corporation (Nasdaq: SWHC), parent company of Smith & Wesson Corp., the legendary 154-year old company in the global business of safety, security, protection and sport, today announced that it has entered into a definitive agreement to acquire Thompson/Center Arms, Inc., a 40-year old, privately held, New Hampshire-based designer, manufacturer and marketer of premium hunting firearms, for $102 million in cash. The transaction is expected to close in the beginning of January 2007.



Continued: http://ir.smith-wesson.com/phoenix.zhtml?c...&highlight=

 

[LockNLoad]

Interesting Info...thanks for the post!

 

[FJC]

I think this is a smart move into the hunting rifle market, which S&W had publically stated they planned to get into in 2007.



I really see a lot of upside to S&W recently.

 

[Mdnitedrftr]

Thats good news

 

[buckeye49]

S&W acquiring Thomson Center Arms

I am happy to hear this. Glad that an American owned company is buying them, and with the S&W reputation, the Thompson guns will keep their well earned respect.