Smith & Wesson acuires TC Arms

[Brett]

Smith & Wesson Holding Corp. today announced it has agreed to acquire Thompson/Center Arms Inc. The company will pay $102 million in cash for the New Hampshire-based designer, manufacturer and marketer of hunting firearms. Smith & Wesson president and CEO Michael Golden called the acquisition "an important step in our diversification strategy" and said the move will expand the company's presence in the $1.1 billion long gun market. In conjunction with the acquisition, Gregg Ritz, Thompson/Center Arms president and CEO, will be named president of Smith & Wesson-Hunting. Ritz will continue to lead the Thompson/Center Arms operation and will head Smith & Wesson's efforts to develop its hunting business. The transaction is expected to close in January.

[victorcharlie]

Hey Brett.....where did you find this information?

[Keith L]

It is posted and sourced in the TC handgun and rifle forums as well as the S&W forum. 

[victorcharlie]

Thanks......I found it......and read the press release on smith's website.......

Interesting development.....no doubt........

[Keith L]

Now we can wait and see what it means.  I have some t/cs and some s&ws and like them all.  Lets see now: a G2 with a cylinder...