On 11 May 2001, Saf-T-Hammer Corporation acquired Smith & Wesson from Tomkins plc for $15 million USD. This was a fraction of the $112 million originally paid by Tomkins. The Smith & Wesson purchase was chiefly brokered by Saf-T-Hammer President Bob Scott. He had left Smith & Wesson in 1999 because of a disagreement with Tomkins’ policies. After the purchase, Scott became the president of Smith & Wesson. He guided the 157-year-old company back to its former standing in the market.