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. CLICK HERE to see the full line-up of T/C firearms at. Expect all these firearms to be discounted heavily in the months ahead. 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. Thompson/Center Arms - Types of Firearms Currently Produced The Company states that this decision will NOT result in a workforce reduction as it will “repurpose capacity immediately” to other areas. 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”. However, the divestiture is not expected to have a material financial impact on S&W’s first quarter fiscal year 2022 results. No Buyer Currently for Thompson/Center ArmsĪt this time, a buyer for the Thompson/Center Arms brand has not been identified. Additionally, this will allow us to immediately redirect manufacturing capacity to increase overall production volumes, allowing us to gain additional market share” 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. 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. 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. NOTE: S&W remains committed to providing customer service to current T/C gun owners. We predict inventories will be sold off at discounted prices. Accordingly, if you’ve been thinking about getting a T/C gun, now may be a good time to buy. So soon Thompson/Center rifles, muzzleloaders, and single-shot pistols will no longer be produced by Smith and Wesson. This T/C divestiture as part of a “broader strategic plan” by Smith & Wesson to focus on its core S&W brands. (NASDAQ: SWBI) plans to divest (sell off) its Thompson/Center Arms (T/C) brand. May 5th, 2021 Smith & Wesson Will Sell Off Thompson/Center Arms Business
0 kommentar(er)
