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What Do You Think Of S&W Buying Thompson Center Arms?
Smith & Wesson Holding Corp. today announced it has agreed to acquire Thompson/Center Arms Inc. The company will pay $102 million in cash for the New Hampshire-based designer, manufacturer and marketer of hunting firearms. Smith & Wesson president and CEO Michael Golden called the acquisition "an important step in our diversification strategy" and said the move will expand the company's presence in the $1.1 billion long gun market. In conjunction with the acquisition, Gregg Ritz, Thompson/Center Arms president and CEO, will be named president of Smith & Wesson-Hunting. Ritz will continue to lead the Thompson/Center Arms operation and will head Smith & Wesson's efforts to develop its hunting business. The transaction is expected to close in January.
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RE: What Do You Think Of S&W Buying Thompson Center Arms?
I suppose that a bigger 'money pool' doesn't hurt, but I've personally become dissatisfied with the S&W line in the last 15 years or so. T/C has always good solid well finished products, hopefully they will continue to do so.
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RE: What Do You Think Of S&W Buying Thompson Center Arms?
I guess we better buy our T/C's now.
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RE: What Do You Think Of S&W Buying Thompson Center Arms?
IMO it may be a good thing. Firearms companies are spending alot of money on litigation. The larger the company, the lower the unit cost associated to litigation. The hunting industry is actually a small world. If you have noticed over the past few years, there has been alot of mergers. And for that matter how many people knew who owned TC before this? I sure didn't. Smith went through their major problems a few years back when they were owned by a PC foreign corporation. Smith learned their lessons. Smith should be able to pass on this knowledge to TC.
The companies do not overlap. TC are experts at investment casting. Smith is an expert at tool and die. They may well compliment each other. Give it a chance. Hell we have to, we do not have any choice. Tom. |
RE: What Do You Think Of S&W Buying Thompson Center Arms?
I was waiting for a good deal to purchase a T/C 209x50 Pro-Hunter; I guess I better buy one now. Good luck.
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RE: What Do You Think Of S&W Buying Thompson Center Arms?
I guess only time will tell but T/C has been having money problems for several years and this could really help both Companies. Both have always produced pretty good quality guns.
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RE: What Do You Think Of S&W Buying Thompson Center Arms?
ORIGINAL: DM Smith & Wesson Holding Corp. today announced it has agreed to acquire Thompson/Center Arms Inc. The company will pay $102 million in cash for the New Hampshire-based designer, manufacturer and marketer of hunting firearms. Smith & Wesson president and CEO Michael Golden called the acquisition "an important step in our diversification strategy" and said the move will expand the company's presence in the $1.1 billion long gun market. In conjunction with the acquisition, Gregg Ritz, Thompson/Center Arms president and CEO, will be named president of Smith & Wesson-Hunting. Ritz will continue to lead the Thompson/Center Arms operation and will head Smith & Wesson's efforts to develop its hunting business. The transaction is expected to close in January. |
RE: What Do You Think Of S&W Buying Thompson Center Arms?
I guess that will put Greg Ritz up on the front porch with the big(ger) dogs. Never forget seeing / hearing him push the tar out of Nikon scopes... best since sliced bread. Ya right. then I see him with a Swaro on HIS gun. Go figure. Geez Louise.
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RE: What Do You Think Of S&W Buying Thompson Center Arms?
It does not really make a difference.
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RE: What Do You Think Of S&W Buying Thompson Center Arms?
I hope that they continue to get better. TC makes some of the best firearms in the industry. Simple, accurate, reliable, and affordable. Smith is just smith, enough said. They are the Remington of handguns. Hopefully, each will benefit from the other and we won't have Smith making smokepoles and TC making wheel-guns. If smith is smart, they will let Greg Ritz keep doing his thing.
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