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 its most widely used revolver, the .38 Military & Police (also known as the Smith & Wesson Model 10). With over 6 million produced, it became the standard sidearm of American police officers for much of the 20th century. An additional 1 million of these guns were made for the US Military during World War II. The post-war periods in the 20th century were times of great innovation for the company. In 1935 Smith and Wesson released the Smith & Wesson Model 27 which was the first revolver chambered for .357 Magnum. It was designed as a more powerful handgun