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 1 White held the patent for a "Bored-through" cylinder, a component needed for this new invention, the two partners approached White to manufacture a newly designed revolver-and-cartridge combination. Rather than make White a partner in their company, Smith and Wesson paid him a royalty of $0.25 on every "Model 1" revolver that they made. It would become White's responsibility to defend his patent in any court cases which eventually led to his financial ruin, but was very advantageous for the new Smith & Wesson Company. The Model 1 had three "issues" or major variants, with each subsequent issue introducing significant technical