Conservative Libertarian Outpost

Smith & Wesson Holding Corporation announced earlier this week that it is in the process of purchasing Thompson/Center Arms for $102 million.

Under the purchase agreement, Smith & Wesson would immediately acquire Thompson/Center’s line of blackpowder muzzloaders and accessories as well as its precision rimfire rifles. Thompson/Center’s 500 non-union employees along with its current management would also remain with the company andGregg Ritz, current president and CEO of Thompson/Center would become President of Smith & Wesson’s hunting division.

The acquisition is expected to close during the first week of January.

For more on this story, visit http://biz.yahoo.com/prnews/061218/lam040.html?.v=72

Quite a move from being driven into the ground by a British consortium that owned Smith & Wesson. I have to wonder though. Will the new owners of TC bring back the legendary muzzle loader line that the company had dropped or just continue to produce the clearly non- historical models?

Along the same lines will Smith & Wesson go the way that Colt has, and stop producing the excellent revolvers that made them famous?

This entry was posted on December 31, 2006 at 12:34 and is filed under Hunting Fishing and the Great Outdoors. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.