Smith & Wesson buys Westfield’s Savage Arms for $160M in stock, cash deal
Smith & Wesson acquired Savage Arms for $160M in stock and cash, making it the largest U.S. commercial firearms manufacturer. The deal adds Savage's $160M annual sales and 500 employees. Combined, the companies will have $711M in annual revenue and 1.6M firearms shipped yearly. Smith & Wesson's stock (SWBI) closed at $15.10 on Wednesday.







