May 5th, 2021

Smith & Wesson Will Sell Off Thompson/Center Arms Business

smith wesson thompson center arms T/C sale divest divestiture Massachusetts

Smith & Wesson Brands, Inc. (NASDAQ: SWBI) plans to divest (sell off) its Thompson/Center Arms (T/C) brand. This T/C divestiture as part of a “broader strategic plan” by Smith & Wesson to focus on its core S&W brands. So soon Thompson/Center rifles, muzzleloaders, and single-shot pistols will no longer be produced by Smith and Wesson. Accordingly, if you’ve been thinking about getting a T/C gun, now may be a good time to buy. We predict inventories will be sold off at discounted prices. NOTE: S&W remains committed to providing customer service to current T/C gun owners.

Smith & Wesson President/CEO Mark Smith declared: “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[.]”

No Buyer Currently for Thompson/Center Arms
At this time, a buyer for the Thompson/Center Arms brand has not been identified. However, the divestiture is not expected to have a material financial impact on S&W’s first quarter fiscal year 2022 results. S&W expects the divestiture “to be accretive to the Company’s full year fiscal 2022 through higher overall production levels, increased margins, and lower marketing costs”. The Company states that this decision will NOT result in a workforce reduction as it will “repurpose capacity immediately” to other areas.

Thompson/Center Arms — Types of Firearms Currently Produced

Thompson/Center Arms produces a wide range of firearms including bolt-action rifles, semi-auto rimfire rifles, muzzle-loaders, plus T/C Encore rifles and pistols. Expect all these firearms to be discounted heavily in the months ahead. CLICK HERE to see the full line-up of T/C firearms at TCArms.com.

smith wesson thompson center arms T/C sale divest divestiture Massachusetts

About Smith & Wesson Brands
Smith & Wesson Brands is a leader in firearm manufacturing and design, delivering a broad portfolio of handgun, long gun, and suppressor products to the global consumer and professional markets under the iconic Smith & Wesson, M&P, and Gemtech brands. The Company also provides manufacturing services, including forging, machining, and precision plastic injection molding services.

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