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 No. 2 Army with Remington Arms, Smith & Wesson allowed Remington to convert Remington Model 1858 Percussion Cap revolvers into metallic cartridge .46 rimfire conversions using the Rollin White patent, against payment of a royalty fee. In 1869 the company developed a large frame break action single action revolver with an automatic empty case ejector, first produced 1870, in the calibers .44 S&W American and .44 Henry. The design is known as the Smith & Wesson Model 3. Smith & Wesson Model No. 2 Army The Smith & Wesson Model No. 2 Army a.k.a. "Model No. 2 Old Model Smith & Wesson Revolver"