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 59 was an updated version of the Model 59 with adjustable sights and checkered nylon grips. This model was discontinued in 1988. 803 units were produced in a brush finish with special grips made to FBI specifications. Smith & Wesson Model 59 The Smith & Wesson Model 59 was a double-action pistol introduced in 1971. It was developed by Smith & Wesson from the earlier Smith & Wesson Model 39 by adapting a 14-round capacity stagger-stack magazine. It was designed for the U.S. Navy as a large-capacity version of the S&W Model 39, the basis of their Mark 22 "Mark 22