Smith & Wesson total purchase price to US$45 million. Saf-T-Hammer, a manufacturer of firearms locks and other safety products, purchased the company with the intention of incorporating its line of security products into all Smith & Wesson firearms in compliance with the 2000 agreement. The acquisition of Smith & Wesson was chiefly brokered by Saf-T-Hammer President Bob Scott, who had left Smith & Wesson in 1999 because of a disagreement with Tomkins’ policies. After the purchase, Scott became the president of Smith & Wesson to guide the 157-year-old company back to its former standing in the market. On February 15, 2002, the name
Smith & Wesson for law enforcement officers. The Model 27 started the "Magnum Era" of handguns. The high point was in 1955 when the company created the Smith & Wesson Model 29 in .44 Magnum. Two decades later the Dirty Harry movies made this gun a cultural icon. In 1965 the Wesson family sold its controlling interest in Smith and Wesson to Bangor Punta, a large American conglomerate. Over the next decade Bangor Punta diversified the company's civilian sales to include related gun products (such as holsters) as well as offering additional police equipment (such as handcuffs and breathalyzers). By the late 1970s