Smith & Wesson Acquires Battenfeld Technologies
Smith & Wesson (S&W), has agreed to acquire Battenfeld Technologies, Inc. for $130.5 million in cash. The acquisition is expected to close in December. In acquiring Battenfeld, S&W will become an industry leading in the sales of hunting, shooting, and reloading tools and accessories. Battenfeld markets dozens of popular products such as Tipton gun vises, Frankford Arsenal tumblers, Caldwell shooting rests, and Goldenrod safe heaters.
Founded 22 years ago, Battenfeld Technologies has generated a largely organic* compound annual revenue growth rate in excess of 18% (Since 2006). Based in a 145,000-square-foot facility in Columbia, Missouri, Battenfeld Technologies develops and sells shooting, reloading, gunsmithing, and gun cleaning supplies under several brands, including Caldwell, Frankford Arsenal, GoldenRod, Lockdown, Tipton, and Wheeler Engineering. Battenfeld grew rapidly by developing new products and by acquiring smaller accessories makers such as BOG-POD and GoldenRod.
Acquisition Helps S&W Expand Accessories Business with Strong Brand
James Debney, Smith & Wesson President and CEO, said, “Battenfeld Technologies… fits perfectly within our core firearm business. It also allows us to move more strongly into the hunting vertical as well as establish a strong platform for growth in our existing firearm accessories business[.] Battenfeld Technologies’ sophisticated sourcing and distribution infrastructure, should provide a solid framework for organic and inorganic growth as the new accessories division of Smith & Wesson. Our intention is that eventually all existing Smith & Wesson®, M&P®, and Thompson/Center Arms accessories will be housed within this new division.”
*Biz Terminology 101: Organic growth is the process of business expansion due to increasing overall customer base, increased output per customer or representative, new sales, or any combination of the above, as opposed to mergers and acquisitions, which are examples of inorganic growth.
Impressive for what I always considered to be MidwayUSA’s house brands.
Seems kind of a small number for the size of the company and the products they supply.
Cheap crap made in China with very little to nonexistent quality control — just another of MidwayUSA owner Larry Potterfield’s old ripoffs that made him million$.