Quantcast
  1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

S&W branching out....

Discussion in 'Rifle Country' started by SSN Vet, Dec 18, 2006.

Thread Status:
Not open for further replies.
  1. SSN Vet

    SSN Vet Member

    Joined:
    Jan 3, 2006
    Messages:
    5,775
    Location:
    The Dark Side of the Moon
    First it's shotguns, now it's muzzle loaders!
    ----------------------
    Monday, December 18, 2006
    Thompson/Center Arms purchased by Smith & Wesson


    ROCHESTER - Smith & Wesson Holding Corporation of Springfield, Mass., has purchased Thompson/Center Arms for $102 million in cash. The transaction is expected to close at the be-ginning of January 2007.

    The formal announcement of an agreement for Smith & Wesson to purchase the 40-year-old Rochester company was made shortly before noon today.

    Smith & Wesson executives were in the city for the announcement and were expected to address all Thompson/Center Arms employees at a gathering in the auditorium of Spaulding High School at 3 p.m.

    Thompson/Center Arms is considered top designer, manufacturer and marketer of premium hunting firearms, best known for its black powder firearms.
     
  2. Hoppy590

    Hoppy590 Member

    Joined:
    May 25, 2006
    Messages:
    4,277
    Location:
    MA :(
    quick, everyone buy you TC arms now before S&W caves to the anti gun lobby and installs internal locks on all these evil assault cop killer armor piercing sub atomic weasel launching black powder guns :)
     
  3. ArmedBear

    ArmedBear Member

    Joined:
    Sep 8, 2005
    Messages:
    23,171
    ...or before S&W starts using the name T/C on cheap imports...

    But it's not like any other company every bought a well-known American single-shot producer and slapped the name on cheap imports or anything...:rolleyes:

    [​IMG]
     
  4. RNB65

    RNB65 Member

    Joined:
    Apr 19, 2006
    Messages:
    4,056
    Location:
    Richmond, VA
    Do you get the impression that S&W's handgun sales have slipped so much that they're desperately trying to find something to generate new revenue?

    :scrutiny:
     
  5. ArmedBear

    ArmedBear Member

    Joined:
    Sep 8, 2005
    Messages:
    23,171
    You mean they haven't sold enough .500 and .460 revolvers to make up for a decline in .38 Special sales?
     
  6. Waywatcher

    Waywatcher Member

    Joined:
    Sep 15, 2006
    Messages:
    1,563
    Location:
    WI
    No, in fact I think they're doing so well they can afford to drop $102 million in cash on buying another company.

    ;)
     
  7. MechAg94

    MechAg94 Member

    Joined:
    Apr 17, 2005
    Messages:
    4,734
    All corporations have sales and revenue growth targets. Acquisition is one of the ways to do that.
     
  8. swingset

    swingset Member

    Joined:
    Dec 25, 2002
    Messages:
    1,477
    Location:
    Ohio
    Instead of cheering the success of an American company that's ditched its anti-gun owners and is now branching out, expanding and innovating, let's ridicule their efforts.

    Gun owners, gotta love 'em.
     
  9. Chuck Perry

    Chuck Perry Member

    Joined:
    Dec 27, 2002
    Messages:
    895
    Location:
    Pittsburgh,PA
    This really took me by surprise. TC has several new things coming out, including a new bolt gun with a proprietary 30 cal cartridge. Smith has a lot of irons in the fire lately.
     
  10. SSN Vet

    SSN Vet Member

    Joined:
    Jan 3, 2006
    Messages:
    5,775
    Location:
    The Dark Side of the Moon
    hope they don't close the plant in Rochester, NH

    I don't think they're the highest paying manufacturer around (southern NH)....but there are still have a lot of families depending on those paychecks.

    I don't own a TC....but my coworker used to compete with one and says they are "top shelf"
     
Thread Status:
Not open for further replies.

Share This Page