We believe that separating into two independent public companies will allow each organization to better align its strategic objectives with its capital allocation priorities. The name change of our parent company is an important step toward spinning off our outdoor product and accessories business, which remains on track to occur in late summer. In the company’s press release on June 1, 2020, Chairman of the Board Barry Monheit said: But one question you might have is… Why Is Smith & Wesson Spinning Off From American Outdoor? That’s why investors shouldn’t be looking for a Smith & Wesson IPO – the company is already public. It will sell all other gear and accessories, such as firearm-cleaning supplies, tactical knives and fishing equipment. The second company is American Outdoor Brands.
The first company is Smith & Wesson, which will take over gun sales. Some firearm brands include: Two years later, in November 2019, the company said it would split in two. After other mergers and acquisitions, Smith & Wesson had firearms, sporting goods and outdoor gear. So it changed its name to American Outdoor Brands. It had become much more than a firearms company. In 2002, the merged company’s name changed to Smith & Wesson Holding Corporation.īut in 2016, the company changed its name again. The goal was to merge the company’s security products with Smith & Wesson firearms. Saf-T-Hammer spent $15 million in the acquisition. In 2001, Saf-T-Hammer bought Smith & Wesson from Tomkins, a London-based company. It’s produced firearms since 1852. It now produces guns for sports, protection and recreation.
Smith & Wesson is an American firearm brand. It’s moving forward as an independent, publicly traded company.īut what led the company to this decision? Here’s what we know… Smith and Wesson Stock: The History However, that was when it was part of American Outdoor Brands (Nasdaq: AOBC). On June 1, 2020, the company announced it was spinning off from its parent company. But Smith & Wesson stock was already traded on the Nasdaq. There’s a rumor that investors can expect a Smith & Wesson IPO.
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