Smith & Wesson Model 1 Smith & Wesson Model 1 The Smith & Wesson Model 1 was the first firearm manufactured by Smith & Wesson, with production spanning the years 1857 through 1882. It was the first commercially successful revolver to use rimfire cartridges instead of loose powder, musket ball, and percussion caps. It is a single-action, tip-up revolver holding seven .22 Short black powder cartridges. As Samuel Colt's patent on the night revolver was set to expire in 1856, Horace Smith and Daniel B. Wesson were researching a prototype for a metallic cartridge revolver. When they discovered that a former Colt employee named Rollin
Smith & Wesson bought Crimson Trace, a laser-sight manufacturer, for $95 million and Taylor Brands, a tool and knife maker, for $85 million. In November of that same year 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. In 2017 Smith & Wesson saw a severe contraction in its sales as units shipped to distributors and retailers declined 38.3%. The company was forced to lay off one-fourth of its manufacturing workforce. The company has come under