In a $130.5 million deal, Smith & Wesson Holdings is acquiring shooting accessory company Battenfeld Technologies according to a press release issued this morning. This move will give S&W a huge foot in the accessory market, an area that they have not strongly pursued in the past.
Missouri-based Battenfeld Technologies ownsÂ a number of popular brands including:
Non-Typical Wildlife Accessories
These companies cover a wide range of firearms accessories including gunsmithing, reloading, cleaning, storage and more.
Chambered for the most popular handgun cartridge currently made, the Smith & Wesson 929 is an 8-shot 9mm revolver from the Performance Center.
Introduced in December of 2013, Smith & Wesson posted a teaser video for the new model 929 revolver on YouTube. In it, the company described the revolver, many of its features and how it was tuned by the Performance Center. Additionally, the video explained why the new S&W 929, a full-size revolver, was chambered for the 9mm cartridge.
Getting rid of Walther, grabbing market share and selling to the professional market all contributed to increased sales and gross profit for Smith & Wesson in the quarter ending August 31, 2013 according to company officials.
For consumers, the best news might have been the company’s focus to eliminate the order backlog and the goal to move from operating at capacity to operating at demand.
So, what new guns does the company have in the pipeline, and what role will the state of Illinois play in the future of Smith & Wesson? Let’s take a look at the past quarter and gaze into the future with the insights gained from the company’s latest earnings call.
In the most recent earnings call, Smith & Wesson indicated the new M&P10 rifles are selling very well. Â As is typical for the company, S&W did not release any numbers for units sold or for how many are on backorder. Â However, it seemed plain that the rifles are doing very well in the company’s line-up.