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 At the end of the war the U.S. Government charged White with causing the retardation of arms development in America. Demand for revolvers declined at the close of the Civil War so Smith & Wesson focused on the development of arms suitable for use on the American frontier. In 1870 the company switched focus from pocket sized revolvers to a large frame revolver in heavier calibers (.44 S&W American). This new design, known as the Smith & Wesson Model 3, was adopted by the US Army as the first cartridge-firing revolver in US service. In 1899 Smith & Wesson introduced