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 Model 3 Smith & Wesson Model 3 The Smith & Wesson Model 3 was a single-action, cartridge-firing, bottom-break revolver produced by Smith & Wesson from circa 1870 to 1915, and was recently again offered as a reproduction by Smith & Wesson and Uberti. It was produced in several variations and sub-variations, including both the "Russian Model", so named because it was supplied to the military of the Russian Empire (41,000 No. 3's were ordered in .44 caliber by the Imperial Russian Army in 1871), and the "Schofield" model, named after Major George W. Schofield, who made his own modifications to the Model