In August 2016 the company bought Crimson Trace, a laser-sight manufacturer, for $95 million. They bought Taylor Brands, a tool and knife maker, for $85 million. In November 2016 the company bought UST Brands, a survival equipment maker, for $32.3 million. On November 7, 2016, Smith & Wesson announced that it would be changing the name of its holding company to American Outdoor Brands Corporation.