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 27 Smith & Wesson Model 27 The Smith & Wesson Model 27 is the original .357 Magnum revolver. It was first produced in 1935, and many versions of it are still in production today. The Model 27 was built on Smith & Wesson's carbon steel, large N-frame, and was available at various times with 3", 4", 5", 6" or 8" barrel lengths and had adjustable sights. When first introduced by Smith & Wesson in 1935, it was known as the Registered Magnum. The model was essentially a custom-order revolver. Barrel lengths could be had in quarter-inch increments from 3.5 to 8.75