Post by 4Pointer on Dec 22, 2006 16:37:49 GMT -5
Smith & Wesson Buys Thompson/Center
Smith & Wesson Holding Corporation announced earlier this week that it is in the process of purchasing Thompson/Center Arms for $102 million.
Under the purchase agreement, Smith & Wesson would immediately acquire Thompson/Center’s line of blackpowder muzzloaders and accessories as well as its precision rimfire rifles. Thompson/Center’s 500 non-union employees along with its current management would also remain with the company andGregg Ritz, current president and CEO of Thompson/Center would become President of Smith & Wesson’s hunting division.
The acquisition is expected to close during the first week of January.
For more on this story, visit biz.yahoo.com/prnews/061218/lam040.html?.v=72.
Smith & Wesson Holding Corporation announced earlier this week that it is in the process of purchasing Thompson/Center Arms for $102 million.
Under the purchase agreement, Smith & Wesson would immediately acquire Thompson/Center’s line of blackpowder muzzloaders and accessories as well as its precision rimfire rifles. Thompson/Center’s 500 non-union employees along with its current management would also remain with the company andGregg Ritz, current president and CEO of Thompson/Center would become President of Smith & Wesson’s hunting division.
The acquisition is expected to close during the first week of January.
For more on this story, visit biz.yahoo.com/prnews/061218/lam040.html?.v=72.
