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 2 Smith & Wesson Model 2 The Smith & Wesson Model 2, also referred to as the Smith & Wesson .38 Single Action, was Smith & Wesson's first .38 caliber revolver. Chambered in .38 S&W, its cylinder held 5 shots. The single action version was produced in three varieties from 1876 through 1911, with total production exceeding 223,000. The Smith & Wesson Model 2 was a "top-break", with the barrel release catch located on the top of the frame, just in front of the hammer. It was a larger caliber version of the third model of the Smith & Wesson Model