Smith & Wesson named after various pistol cartridges, such as .22 Magnum, .38 Special, .44 Magnum, .357 Magnum, and .500 Magnum. Smith & Wesson has entered into a licensing agreement with North Carolina-based Wellco Enterprises to design and distribute a full line of tactical law enforcement footwear. Smith & Wesson Smith & Wesson (S&W) is an American manufacturer of firearms, ammunition and restraints. The corporate headquarters are in Springfield, Massachusetts. Smith & Wesson was founded in 1852 and after various corporate changes is now a unit of American Outdoor Brands Corporation. Horace Smith and Daniel B. Wesson founded the Smith & Wesson Company
Smith & Wesson these profitable moves made Smith and Wesson "the envy of the industry" according to Business Week. Despite all of these advantages, however, Smith & Wesson's market share began to decline in the 1980s. As the war on drugs intensified in the United States, police departments all across the country replaced their Smith and Wesson revolvers with European semiautomatics (such as Glock, Sig Sauer and Beretta). From 1982 to 1986 profits at the company declined by 41 percent Company ownership changed twice during the decade. In June 1987 Tomkins plc paid $112.5 million to purchase Smith & Wesson. Tomkins modernized the