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

Matthewkutz 1
Matthewkutz 1

Matthew Kutz Earns Spot On 2024 U.S. Junior National Men’s Trap Team

Team Fiocchi Pro Staff member Matthew Kutz secures spot on U.S. Junior National Team roster.

Legends: Joe DeCosta 1932-2024

Longtime NRA National Matches Range Engineer Joe DeCosta sadly passed away on March 21, 2024, at the age of 91.

SK Customs Joins Forces With Springfield Armory To Release “Leonardo da Vinci,” Second Gun In Early Italian Renaissance Series

SK Customs partners with Springfield Armory for “Leonardo da Vinci,” the second installment in the Early Italian Renaissance limited-edition pistol series.

Beretta’s 92XI Squalo For Practical Competition

Whether you’re a competitive shooter looking for an edge or a discerning enthusiast seeking a top-tier firearm, the Beretta 92XI Squalo is a compelling choice.

New: Real Avid Armorer’s Master Hammer Pin Punch Set

Real Avid announces new Armorer’s Master Hammer, plus an 11-piece Pin Punch Set that also includes the new hammer.

NRA World Shooting Championship: 2024 Event By The Numbers

Notable numbers from the 2024 NRA World Shooting Championship, presented by Walther.

Interests



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