Smith & Wesson Plans To Divest Thompson/Center Arms Brand

by
posted on May 4, 2021
thompsonc-1.jpg

Smith & Wesson Brands, Inc. has announced that it plans to divest the Thompson/Center Arms brand, stating in part, “This decision is part of the Company’s broader strategic plan that will focus on its core Smith & Wesson brands.”

At this time, a buyer for the Thompson/Center Arms brand has not been identified. Smith & Wesson has indicated that the divestiture should not have a deep financial impact on its first quarter fiscal year results. Furthermore, the company said this decision will not result in a workforce reduction.

The President and CEO of Smith & Wesson Brands, Inc., Mark P. Smith, 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.”

Interested in purchasing Thompson/Center Arms? Contact Smith & Wesson via email at [email protected] or call 413-747-3448.


Read more: Beretta Holding Acquires Holland & Holland

Latest

Justine Williams 2022 USPSA 1
Justine Williams 2022 USPSA 1

Justine Williams: 7-Division USPSA Women’s National Champion

Justine Williams has secured the USPSA National Ladies title in seven different divisions

Renair’s Revolutionary ClayBot Mobile Target Carriers

The Renair Shotgun Sports ClayBot series sets the standard for remote control mobile target carriers

New: Stevens Shotguns 555 Sporting Model

The new 555 Sporting from Stevens Shotguns has an MSRP under $1,000.

NRA School Shield Grant Program Now Accepting Applications For School Security Projects

The 2022 application period for the NRA School Shield Grant Program is open until Aug. 31

Leonard Thomson Wins NRA National Smallbore Prone Championship

A native of Scotland, Leonard Thomson tops leaderboard at 2022 NRA Smallbore Prone Nationals at Camp Atterbury, Indiana

New: Safariland MultiCam Tropic Pattern Gear

These limited-edition products from Safariland sport the MultiCam Tropic camouflage pattern

Interests



Get the best of Shooting Sports USA delivered to your inbox.