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 gunsmiths to reverse-engineer the Smith & Wesson design, and then began to produce copies of the revolver—both in their own arsenal at Tula and by contracting other manufacturers in Germany and elsewhere in Europe to manufacture copies of the revolver (a common practice at the time—Webley & Scott's British Bulldog revolver was widely copied, too, by European and American gunsmiths). The Russian and European copies of the S&W Model 3 revolver were generally of very high quality, but considerably cheaper than the S&W produced revolvers. This led to the Imperial government cancelling the order for significant quantities of Smith &