Smith & Wesson Moving Headquarters To Tennessee In 2023

by
posted on September 30, 2021
s-w-tenn-1.jpg

Smith & Wesson Brands, Inc. plans to move its headquarters and "significant elements of its operations" to Maryville, Tenn., in 2023. The new facility will be include the company’s headquarters, plastic injection molding, pistol and long gun assembly, and distribution.

More than 750 jobs will move from multiple S&W facilities to Maryville, Tenn. Total investment in the project is estimated at $120 million, which will be funded from cash on hand.

According to a S&W press release, key factors in the decision to move included the following:

  • Support for the Second Amendment
  • Business friendly environment
  • Quality of life for employees
  • Cost of living and affordability
  • Access to higher education institutions
  • Availability of qualified labor for its operations and headquarter functions
  • Favorable location for efficiency of distribution


Recently proposed legislation in Massachusetts, if enacted, would prohibit the company from manufacturing certain firearms in the state. Mark Smith, president and chief executive officer, said:

“This has been an extremely difficult and emotional decision for us, but after an exhaustive and thorough analysis, for the continued health and strength of our iconic company, we feel that we have been left with no other alternative. These bills would prevent Smith & Wesson from manufacturing firearms that are legal in almost every state in America and that are safely used by tens of millions of law-abiding citizens every day exercising their Constitutional Second Amendment rights, protecting themselves and their families, and enjoying the shooting sports. While we are hopeful that this arbitrary and damaging legislation will be defeated in this session, these products made up over 60 percent of our revenue last year, and the unfortunate likelihood that such restrictions would be raised again led to a review of the best path forward for Smith & Wesson.”

Smith & Wesson will also close facilities in Connecticut and Missouri as part of consolidating in Tennessee. This process will result in the company reducing the number of locations it maintains from four to three and will significantly streamline its manufacturing and distribution operations.

Smith & Wesson will keep some of its manufacturing operations in Springfield, Mass., including all forging, machining, metal finishing and assembly of revolvers, and will continue to have over 1,000 employees in the state.

The company looks forward to the move. Smith added:

“The strong support we have received from the State of Tennessee and the entire leadership of Blount County throughout this process, combined with the quality of life, outdoor lifestyle and low cost of living in the Greater Knoxville area has left no doubt that Tennessee is the ideal location for Smith & Wesson’s new headquarters. We would like to specifically thank Governor Lee for his decisive contributions and the entire state legislature for their unwavering support of the Second Amendment and for creating a welcoming, business friendly environment.”

Construction in Maryville, Tenn., is expected to begin in the fourth quarter of 2021 and be substantially complete by the summer of 2023. The relocation will have no impact on the company’s operations in Houlton, Maine.

Learn more at smith-wesson.com.


Read more: New: Smith & Wesson M&P12 Pump-Action Shotgun

Latest

Yackley IPSC 1
Yackley IPSC 1

Team USA Excels At 2023 IPSC Shotgun World Shoot

The U.S. team put its shotgun shooting talent on full display at the 2023 IPSC Shotgun World Shoot in Thailand, Dec. 3-10, 2023.

Review: Leupold Mark 5HD 2-10X 30 mm Riflescope

Retaining the high performance the Mark 5HD lineup is known for, this riflescope is ideal for both tactical and long-range applications.

Competitors’ Corner: March 2024

Highlights from the March 2024 issue of Shooting Sports USA, the NRA’s competitive shooting journal.

New: Smith & Wesson M&P 15 Sport III Rifle

Smith & Wesson today announced its new M&P 15 Sport III rifle—which is not only the next iteration of the proven Sport II platform, but also easy on the wallet with MSRP at $799.

WATCH: Beretta’s New 92XI Squalo

Emulating the sleek and formidable nature of the shark, Beretta says its new 92XI Squalo is “designed to make you stand out in a sea of competition.”

New: Safariland Species Holster In MultiCam Black

Safariland’s popular Species minimalist IWB holster is now available in the MultiCam Black pattern.

Interests



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