{"id":190885,"date":"2021-05-04T15:31:31","date_gmt":"2021-05-04T19:31:31","guid":{"rendered":"https:\/\/www.gunsamerica.com\/digest\/?p=145209"},"modified":"2021-05-04T15:31:31","modified_gmt":"2023-10-06T17:00:08","slug":"breaking-smith-wesson-selling-thompson-center-2","status":"publish","type":"post","link":"https:\/\/gunsamerica.com\/digest\/breaking-smith-wesson-selling-thompson-center-2\/","title":{"rendered":"BREAKING: Smith & Wesson Selling Thompson\/Center, No Buyer Yet"},"content":{"rendered":"\n
\"BREAKING:
The gun maker will be sold in the near future.<\/em><\/figcaption><\/figure>\n\n\n\n

Smith & Wesson Brands, Inc., announced yesterday its plans to sell the rifle brand Thompson\/Center Arms as part of its \u201cbroader strategic plan that will focus on its core Smith & Wesson brands,\u201d the company said in a press release to investors.<\/p>\n\n\n\n

Smith & Wesson acquired Thompson\/Center in 2006 when S&W was still under the control of American Outdoor Brands (AOB). Smith & Wesson Brands kept the firearms division of Thompson\/Center, T\/C Arms, when it split with AOB. It has not announced a buyer for the T\/C Arms brand.<\/p>\n\n\n\n

\u201cThompson\/Center is a beloved hunting brand with a longstanding heritage, and we are committed to ensuring a smooth transition. Thompson\/Center Arms\u2019 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,\u201d said Mark P. Smith, President and CEO of Smith & Wesson Brands, Inc. <\/p>\n\n\n\n

\u201cWe 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,\u201d Smith continued.<\/p>\n\n\n\n

SEE ALSO: A Sub-MOA 6.5 Creedmoor for $400? Thompson\/Center Compass \u2014 Full Review<\/a><\/h2>\n\n\n\n

The company told investors that divesting T\/C Arms will benefit S&W\u2019s bottom line through higher overall production levels, increased margins, and lower marketing costs. The decision will not result in a workforce reduction at S&W, according to the press release.<\/p>\n\n\n\n

T\/C Arms’ most popular firearm is likely the budget-friendly bolt-action T\/C Compass line of rifles. Muzzleloading firearms<\/a> comprise the majority of its offerings, and the company also makes a semi-automatic rimfire rifle called the T\/CR22<\/a>.<\/p>\n\n\n\n

Smith & Wesson has endured its fair share of controversy over the last few years. The company has faced multiple lawsuits<\/a> from the families of victims of mass murders, including a suit<\/a> from the Brady Campaign to Prevent Gun Violence. In February of this year, a Canadian judge ruled that the company may be liable<\/a> for a 2018 shooting because the company has not implemented \u201csmart-gun\u201d technology.<\/p>\n\n\n\n

SEE ALSO: Going the Distance with the New Performance Center T\/C LRR (Full Review)<\/a><\/h2>\n\n\n\n

In 2019, Smith & Wesson\u2019s former parent company, American Outdoor Brands, forced a split with S&W<\/a> in what many observers believed was an attempt to shield AOB from negative press related to firearms. S&W brought with it all the firearms brands while AOB retained the outdoor products and accessories brands.<\/p>\n\n\n\n

Here\u2019s what then-S&W CEO Michael F. Golden said about T\/C when S&W acquired the company in 2006:<\/p>\n\n\n\n

“The acquisition of Thompson\/Center Arms is an important step in our diversification strategy. Thompson\/Center Arms has consistently delivered both profits and strong gross margins while building its position in the hunting rifle market. This move will expand our presence in the $1.1 billion long gun market by providing immediate entry into the hunting rifle and black powder segments, which represents approximately $600 million in domestic sales. In addition to carving out a leadership role in black powder and single shot hunting rifles, Thompson\/Center Arms has developed tremendous expertise in manufacturing long-gun barrels, a competency that will be important to Smith & Wesson as we expand our capabilities even further into the long gun market.”<\/p>\n\n\n\n

Buy and Sell on GunsAmerica!<\/a><\/strong><\/h2>\n","protected":false},"excerpt":{"rendered":"

Smith & Wesson Brands, Inc., announced yesterday its plans to sell the rifle brand Thompson\/Center Arms as part of its \u201cbroader strategic plan that will focus on its core Smith & Wesson brands,\u201d the company said in a press release to investors.<\/p>\n","protected":false},"author":54,"featured_media":145210,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_specdata_upc":"","_specdata_placement":"","footnotes":""},"categories":[7,111,593,240],"tags":[132,617],"featured":[],"hunt365":[],"class_list":{"0":"post-190885","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-gunsamerica-authors","8":"category-industry-news","9":"category-jordan-michaels","10":"category-this-week","11":"tag-buzz","12":"tag-industry-news"},"yoast_head":"\nBREAKING: Smith & Wesson Selling Thompson\/Center, No Buyer Yet<\/title>\n<meta name=\"description\" content=\"Smith & Wesson is 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