Link below to the article in "Shooting Times" Smith & Wesson Acquires Savage Arms for $160 Million - Shooting Times 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. The combined company will immediately rank as the largest commercial firearms manufacturer in the United States, with a full-line product offering spanning handguns, revolvers, rifles, shotguns, and suppressors. Savage brings roughly $160 million annual net sales and a dedicated, skilled workforce of approximately 500 to the Smith & Wesson family, strengthening the combined company's position at a moment when consumer demand for American-made firearms across every category remains strong.
