https://www.shootingtimes.com/editorial/smith-wesson-acquires-savage-arms/561974
Smith & Wesson Brands, Inc. (NASDAQ Global Select: SWBI), a leader in firearm manufacturing and design, today announced it has acquired Savage Arms, Inc., the 132-year-old Westfield, Massachusetts-based maker of legendary rifles and shotguns, from JDH Holdings, for $160 million in a stock and cash transaction. The acquisition brings together two of the most recognized and respected names in American firearms manufacturing – uniting Smith & Wesson’s strength in the handgun, revolver, and modern sporting rifle markets with Savage’s reputation for accuracy, innovation, and craftsmanship in the hunting and long-gun categories. This creates a compelling platform to generate sustainable, long-term growth.
“With this transaction, we have significantly expanded our presence in the hunting category, particularly in bolt-action rifles, which will enable us to better serve our customers. We are excited to combine Savage’s expertise and scale in the hunting category with our proven capabilities in the handgun and semi-auto rifle markets. We believe our teams’ core competencies will complement one another, translating into a stronger combined business”.
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