SPRINGFIELD, Mass.,
Aug. 1, 2016 /PRNewswire/ -- Smith
& Wesson Holding Corporation (NASDAQ Global Select: SWHC),
a leading manufacturer of firearms and a provider of quality
accessory products for the shooting, hunting, and rugged outdoor
enthusiast, today announced that BTI Tools LLC, a wholly owned
subsidiary of Smith & Wesson's Accessories Division, Battenfeld
Technologies, Inc., has completed the purchase of substantially all
of the assets of Taylor Brands, LLC
("Taylor Brands"), a designer and
distributor of high quality knives and specialty tools, for
$85.0 million, subject to
post-closing adjustments, utilizing cash on hand. Based in
Columbia, Missouri, Battenfeld
Technologies develops and sells shooting, reloading, gunsmithing,
and gun cleaning supplies under several popular, premium brands,
including Caldwell® Shooting Supplies, Wheeler® Engineering,
Tipton® Gun Cleaning Supplies, and Lockdown® Vault Accessories.
The signing of the definitive purchase agreement for the
acquisition was announced on July 18,
2016, and a copy of that announcement can be found at:
http://ir.smith-wesson.com/phoenix.zhtml?c=90977&p=irol-newsArticle&ID=2186082.
Smith & Wesson will provide additional details and an update
on the progress of the transaction during its fiscal first quarter
earnings conference call, scheduled for September 1, 2016. Details of the
conference call follow.
Conference Call and Webcast
The company will host a conference call and webcast on September 1, 2016, to discuss its first quarter
fiscal 2017 financial and operational results. Speakers on the
conference call will include James
Debney, President and Chief Executive Officer, and
Jeffrey D. Buchanan, Executive Vice
President and Chief Financial Officer. The conference call may
include forward-looking statements. The conference call and webcast
will begin at 5:00 p.m. Eastern Time
(2:00 p.m. Pacific Time). Those
interested in listening to the conference call via telephone may
call directly at 844-309-6568 and reference conference code
59745084. No RSVP is necessary. The conference call
audio webcast can also be accessed live and for replay on the
company's website at www.smith-wesson.com, under the Investor
Relations section. The company will maintain an audio replay of
this conference call on its website for a period of time after the
call. No other audio replay will be available.
About Smith & Wesson
Smith & Wesson Holding Corporation (NASDAQ Global Select: SWHC)
is a leading manufacturer of firearms and a provider of quality
accessory products for the shooting, hunting, and rugged outdoor
enthusiast, delivering a broad portfolio of quality firearms and
shooting, hunting, and outdoor accessories, to the global
consumer and professional markets. The company's firearms division
brands include Smith & Wesson®, M&P®, and Thompson/Center Arms™. As a leading provider
of shooting, hunting, and outdoor accessories, including reloading,
gunsmithing, gun cleaning supplies, tree saws, and vault
accessories, the company's accessories division produces
innovative, high-quality products under several brands, including
Caldwell® Shooting Supplies, Wheeler® Engineering, Tipton® Gun
Cleaning Supplies, Frankford Arsenal® Reloading Tools, Lockdown®
Vault Accessories, Hooyman® Premium Tree Saws, BOG POD®, and Golden
Rod® Moisture Control. The company's manufacturing services
division provides forging, machining, and precision plastic service
for outside businesses. Smith & Wesson facilities are located
in Massachusetts, Maine, Connecticut, and Missouri. For more information on Smith &
Wesson, call (800) 331-0852 or log on to
www.smith-wesson.com.
Contact: Liz Sharp, VP Investor
Relations
Smith & Wesson Holding Corp.
(413) 747-6284
lsharp@smith-wesson.com
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SOURCE Smith & Wesson Holding Corporation