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Smith and Wesson to buy Thompson Center
abf journal ^ | 12/18/06 | n/a

Posted on 12/19/2006 9:39:55 PM PST by sig226

TD Banknorth Finances Smith & Wesson’s Buyout of Thompson/Center Arms Monday, December 18, 2006

Smith & Wesson Holding Corp. announced it has entered into a definitive agreement to acquire Thompson/Center Arms, a designer, manufacturer and marketer of premium hunting firearms, for $102 million in cash. The transaction is expected to close in the beginning of January 2007.

(Excerpt) Read more at abfjournal.com ...


TOPICS: Miscellaneous
KEYWORDS: banglist; smithwesson
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I found this on Gunbroker.com. I hadn't heard about it until today.
1 posted on 12/19/2006 9:39:56 PM PST by sig226
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To: sig226

Awesome: Performance Center Contenders.


2 posted on 12/19/2006 9:43:18 PM PST by The KG9 Kid
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To: sig226

Funny... I thought they bought a sports arena or something.


3 posted on 12/19/2006 9:43:46 PM PST by Hootch (Time for the CONSTITUTIONAL option.)
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To: DaveLoneRanger

Might want to pass this around.


4 posted on 12/19/2006 9:46:20 PM PST by sig226 (See my profile for the democrat culture of corruption list.)
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To: The KG9 Kid

I don't know how they could improve the Contender, but I also didn't know T/C was for sale.


5 posted on 12/19/2006 9:47:32 PM PST by sig226 (See my profile for the democrat culture of corruption list.)
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To: sig226
Pre-'07 TC. Soon to be a collector's gun?


6 posted on 12/19/2006 9:54:01 PM PST by umgud (I love NASCAR as much as the Democrats hate Bush)
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To: sig226

My sister had her late husband's T/C. I don't remember the caliber but it did double duty with a 410 shot shell. I really wanted that gun but she sold it to someone in Santa Cruz where she lived...


7 posted on 12/19/2006 10:03:42 PM PST by tubebender (Growing old is mandatory...Growing up is optional)
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To: sig226

Wow. That's not a lot of money.


8 posted on 12/19/2006 10:30:56 PM PST by Jaysun (I've never paid for sex in my life. And that's really pissed off a lot of prostitutes.)
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To: sig226

Has S&W been forgiven for past transgressions in cooperation with Bill Clinton and Ms. Brady in their assault against gun purchasers?

Semper Fi


9 posted on 12/19/2006 10:45:56 PM PST by river rat (You may turn the other cheek, but I prefer to look into my enemy's vacant dead eyes.)
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To: river rat

S&W has been under different ownership for a few years since that boondoggle...


10 posted on 12/19/2006 10:51:47 PM PST by tubebender (Growing old is mandatory...Growing up is optional)
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To: river rat
Has S&W been forgiven for past transgressions in cooperation with Bill Clinton and Ms. Brady in their assault against gun purchasers?

Their contractual sellout of the American gun owner is currently dormant but still in effect waiting to be instituted by the next Democrat administration.

11 posted on 12/19/2006 11:03:35 PM PST by Ronaldus Magnus
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To: Joe Brower

Ping to a sad day for those who value both their freedom and finely made single-shot pistols.


12 posted on 12/19/2006 11:05:55 PM PST by Ronaldus Magnus
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To: tubebender

You would probably put a muffler on it to quiet it down.


13 posted on 12/19/2006 11:37:38 PM PST by fish hawk (.)
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To: sig226

Love my T/C 50 Cal. Hawkin Hunter....


14 posted on 12/20/2006 12:00:58 AM PST by ThomasPaine2000 (Peace without freedom is tyranny.)
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To: umgud

Well, I'd say that if you want a TC, get one while you can. It's only a matter of time before S&W complicates an otherwise solid design with their integral trigger lock.

Although the past sins of previous ownership have been forgiven, I'm not a big fan of integral trigger locks. Just complicates the design and increases the probability of an internal failure.


15 posted on 12/20/2006 1:10:19 AM PST by Radio_Silence
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To: sig226

Interesting. I hope TC does well by S&W. I own 3 Contender frames and some qty of pistol, carbine and rifle barrels. Love 'em all - great guns.


16 posted on 12/20/2006 3:40:52 AM PST by NewHampshireDuo
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To: harpseal; TexasCowboy; AAABEST; Travis McGee; Squantos; Shooter 2.5; wku man; SLB; ...
Click the Gadsden flag for pro-gun resources!
17 posted on 12/20/2006 3:41:44 AM PST by Joe Brower (The Constitution defines Conservatism. *NRA*)
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To: umgud
Do they make one in this caliber?


18 posted on 12/20/2006 3:50:04 AM PST by from occupied ga (Your most dangerous enemy is your own government)
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To: ThomasPaine2000

So do I. It was the first gun I ever bought - the flintlock version. It looked so beautiful. I still prize it.
The Hawken Hunter is a good shooter, but if you do some research on Hawken Rifles, its a modern interpretation rather than a recreation of a classic Rifle.

Most real Hawkens had longer barrels, the stocks were paliner, the nosecaps were pewter, the rifling was designed for a round ball, the bores were coned, the lock of course, was a leaf rather than coil spring, and the furnture was steel not brass. Also the bores were generally larger.


All in all the Hawkin Hunter is still a great gun, especially for getting new people into black powder.

Frankly I don't trust Smith and Wesson anymore after their actions with the Clintons and Winnie Brady. Is that old *itch stil flying around?


19 posted on 12/20/2006 3:51:17 AM PST by ZULU (Non nobis, non nobis, Domine, sed nomini tuo da gloriam. God, guts, and guns made America great.)
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To: from occupied ga

ACHHH!!!! A suppository gun!!!!!!

Real men shoot muzzle-loaders!!

Seriously I have an M-1 Garand and a model 1917 U.S. Rifle and am very happy with them too.


20 posted on 12/20/2006 3:52:59 AM PST by ZULU (Non nobis, non nobis, Domine, sed nomini tuo da gloriam. God, guts, and guns made America great.)
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To: tubebender
Of all shotguns, the .410 is the only one where the gage = the caliber, so it is also a .41 Magnum.
21 posted on 12/20/2006 3:54:53 AM PST by roaddog727 (BullS##t does not get bridges built)
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To: tubebender

I am glad to see them back but the power in Washington has shifted again.


22 posted on 12/20/2006 3:55:59 AM PST by bmwcyle (McCain nomination assures a Hillary win)
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To: ZULU

Tungsten carbide makes a great vehicular suppository if you're not on the receiving end.


23 posted on 12/20/2006 4:01:22 AM PST by from occupied ga (Your most dangerous enemy is your own government)
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To: ZULU; river rat
The debacle from the Clinton sell out resulted in the sale of S&W at a huge loss. I can't recall the name of the investment group that signed the agreement, but they lost a fortune after that one. Considering the overwhelming number of illegal lawsuits against the company, I guess they felt they had no alternative. An English company now owns Smith & Wesson and has denounced the settlement agreement. Thompkins PLC or something like that is the new owner.

People disgusted with the internal locks need to keep in mind that Springfield and Taurus also have them, Remington flirted with them but removed them, and Sturm Ruger has them on some models.

As much as I despise them as mechanical failures waiting to happen, and half ass excuses for poor gun handling, when you are outnumbered and outgunned by a vile enemy (Clinton, Brady, Schumer) radical means are required.

24 posted on 12/20/2006 4:02:40 AM PST by sig226 (See my profile for the democrat culture of corruption list.)
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To: from occupied ga
Guess so!!

You'd be surprised at what a .58 caliber mini-ball can do - it mushrooms put to about 1" when it hits something hard. I love my Model 1858 Enfield also.
25 posted on 12/20/2006 4:03:18 AM PST by ZULU (Non nobis, non nobis, Domine, sed nomini tuo da gloriam. God, guts, and guns made America great.)
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To: sig226

Well, modern new fangled internal locks don't belong on muzzle-loaders.


26 posted on 12/20/2006 4:09:36 AM PST by ZULU (Non nobis, non nobis, Domine, sed nomini tuo da gloriam. God, guts, and guns made America great.)
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To: tubebender
I don't remember the caliber but it did double duty with a 410 shot shell.

Probably .45 long

27 posted on 12/20/2006 4:19:56 AM PST by mylife (The Roar Of The Masses Could Be Farts)
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To: umgud

That gun is cocked. Hopefully not loaded, though? Safety first! :-)

I have a T/C Encore handgun (15" barrel) in 7mm-08 Rem, with the walnut forend and grip. Truly a fine and beautiful gun, and tack-driver accurate.

Now that S&W is buying T/C, I won't be purchasing any more of them.


28 posted on 12/20/2006 4:50:22 AM PST by NorthWoody (A vote is like a rifle: its usefulness depends upon the character of the user. - Theodore Roosevelt)
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To: NorthWoody

It's not cocked. It doesn't set all the way down when not cocked. BTW, it's a G2 Contender. I have .17m2, .223, .204 and 6.8 Rem SPC barrels. It also is very accurate.


29 posted on 12/20/2006 4:55:35 AM PST by umgud (I love NASCAR as much as the Democrats hate Bush)
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To: ZULU

I had a T/C 209x50 Magnum muzzleloader, but I sold it some time back, mostly because of the trouble/time/hassle involved in cleaning it. Couple that with Minnesota's muzzleloader deer hunting season being late and usually very cold, after the rut is over and the deer aren't moving much, and I gave up.

The safest way to unload a muzleloader is to fire it. Fire the gun once, just to unload it after a weekend of hunting, and you're committed to an hour of dis/reassembly and cleaning. Was a fine gun, but I just got tired of it.


30 posted on 12/20/2006 4:57:40 AM PST by NorthWoody (A vote is like a rifle: its usefulness depends upon the character of the user. - Theodore Roosevelt)
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To: umgud

Oh. Without getting the gun out of the closet and the case, it seems to me that the hammer on my Encore stops a little closer to the frame than that. Might just be me. I'd treasure that gun if I were you.


31 posted on 12/20/2006 5:00:12 AM PST by NorthWoody (A vote is like a rifle: its usefulness depends upon the character of the user. - Theodore Roosevelt)
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To: river rat

Most of the people who complain about Smith and Wesson usually have an AK in their inventory. That's according to my informal poll. Go figure.


32 posted on 12/20/2006 5:01:39 AM PST by Shooter 2.5 (Vote a Straight Republican Ballot. Rid the country of dems. NRA)
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To: tubebender

IIRC, the T/C .410 barrel will also shoot a 45 after the choke is removed.


33 posted on 12/20/2006 5:04:48 AM PST by Quilla (Welcome to the party, pal!)
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To: sig226

The front cover of the American Rifleman also shows they're getting into high end shotguns.

It looks like Smith has the "most powerful handgun in the world" under their flag again.


34 posted on 12/20/2006 5:04:50 AM PST by Shooter 2.5 (Vote a Straight Republican Ballot. Rid the country of dems. NRA)
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To: sig226
An English company now owns Smith & Wesson and has denounced the settlement agreement. Thompkins PLC or something like that is the new owner.

The English company no longer owns Smith. It was purchased by a former employee and a manufacturer of firearms safety locks.

35 posted on 12/20/2006 5:14:18 AM PST by mbynack (Retired USAF SMSgt)
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To: sig226
when you are outnumbered and outgunned by a vile enemy (Clinton, Brady, Schumer) radical means are required.

That's funny, I just remembered the very first words I ever spoke to my very first rifle platoon as a brand new shave tail Second Looie. It was the height of the cold war in the 1980s and we were training for a conflict that we figured would center around the FULDA GAP in Germany.

I said: Gentlemen, we're outnumbered and outgunned 4 to 1 by the Soviet army. But we will NEVER be outsmarted. That's the only factor that counts.

I even believed it myself. Thankfully, I remembered to listen to the wise counsel of my platoon and 1st sergeants to keep my skinny a$$ squared away. If a junior officer will swallow his inflated sense of self and look to the senior nco's they will move Heaven and Earth to help him.

As to what my post has to do with yours...I have NO clue, however...

36 posted on 12/20/2006 5:19:20 AM PST by ExSoldier (Democracy is 2 wolves and a lamb voting on dinner. Liberty is a well armed lamb contesting the vote.)
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To: sig226
In the 80's Thompson Contender marketed a combo Survival Rifle that I have always lusted for, but I could never find one, especially today (now that I can afford it). It was a synthetic stock and had a pair of barrels both 18 inches long. One was a caliber .223 and one was a .30-30. I always thought that would be a great truck combo to have for trips. It broke down into a nice nondescript rectangular package and had it's own case.
37 posted on 12/20/2006 5:26:36 AM PST by ExSoldier (Democracy is 2 wolves and a lamb voting on dinner. Liberty is a well armed lamb contesting the vote.)
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To: mbynack
Here's what Wiki says about it:

Acquisition by Saf-T-Hammer

On May 11, 2001, Saf-T-Hammer Corporation acquired Smith & Wesson Corp. from Tomkins PLC for $15US million, a fraction of the $112US million originally paid by Tomkins. Saf-T-Hammer also assumed $30US million in debt bringing the total purchase price to $45US million. [4] [5] Saf-T-Hammer, a manufacturer of gun locks and other firearms safety products, purchased S&W with the idea of incorporating its line of security products into all Smith & Wesson firearms in compliance with the 2000 Clinton administration agreement.

The acquisition of Smith & Wesson was chiefly brokered by Saf-T-Hammer President Bob Scott, who left S&W back in 1999 due to problems he had with Tomkins’ policies. After the purchase Scott became the President of Smith & Wesson to guide the 157-year old company back to its former glory. On February 15, 2002 the name of the newly formed entity was changed to Smith & Wesson Holding Corporation.


38 posted on 12/20/2006 5:28:49 AM PST by Tribune7 (Conservatives hold bad behavior against their leaders. Dims don't.)
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To: sig226

I happened to be poking around on the S&W website yesterday and they already had it there. I thought I'd missed the news...


39 posted on 12/20/2006 6:03:19 AM PST by OKSooner
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To: Shooter 2.5

And then there are AK enthusiasts who don't complain about Smith & Wesson. S&W are an American icon who defined the quality double-action revolver.


40 posted on 12/20/2006 6:20:34 AM PST by Sender ("Always tell the truth; then you don't have to remember anything." -Mark Twain)
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To: river rat; All
Forgiven? Not by ME! I keep the enemies I make or those who make me an enemy. BR>
I am a "gun person" and will go out of my way to avoid anything to do with modern issues from S&W.

However that does NOT stop me from acquiring older models, more specifically pre/post war large frame revolvers with fixed sights. .38-44 Heavy Duty & Hand Ejector models, etc, in any original caliber.

Their newer stuff is crap in my opinion. Last decent Revolver they made (IMO) was the Model-13/65 (Blue/SS)in 3inch fixed sights RB.
Is this boring anyone? :~)
41 posted on 12/20/2006 6:37:36 AM PST by Gideon Reader (" All of us know who the enemy is, and where the threat comes from, except for the politicians.")
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To: Tribune7
On May 11, 2001, Saf-T-Hammer Corporation acquired Smith & Wesson Corp. from Tomkins PLC for $15US million, a fraction of the $112US million originally paid by Tomkins. Saf-T-Hammer also assumed $30US million in debt bringing the total purchase price to $45US million. [4] [5] Saf-T-Hammer, a manufacturer of gun locks and other firearms safety products, purchased S&W with the idea of incorporating its line of security products into all Smith & Wesson firearms in compliance with the 2000 Clinton administration agreement.

Tomkins was the British company that sold Smith. I believe Saf-T-Hammer was headquartered in Scottsdale, AZ.

Bottom line - Smith is now American owned, so if you're still angry about the tea tax, don't take it out on Smith.

Smith makes a fine weapon and the people at Tomkins who made the deal with the Clinton administration no longer have anything to do with the company. I'm not crazy about the built in key locks, but I do like some of the new Smith pistols and wouldn't hesitate to buy one.

42 posted on 12/20/2006 6:38:00 AM PST by mbynack (Retired USAF SMSgt)
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To: mbynack

What are the key locks? How do they work?

My S&Ws are over 25 years old, and I've only bought one gun in the last 10 years, so I'm a bit out of date!


43 posted on 12/20/2006 6:42:57 AM PST by Mr Rogers (I'm agnostic on evolution, but sit ups are from Hell!)
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To: sig226

Anything is for sale, for the right price & cash IS king.


44 posted on 12/20/2006 6:58:39 AM PST by looscnnn ("Olestra (Olean) applications causes memory leaks" PC Confusious)
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To: Mr Rogers

I have this mental image of jack Benny and his safe.:~)


45 posted on 12/20/2006 7:10:29 AM PST by Gideon Reader (" All of us know who the enemy is, and where the threat comes from, except for the politicians.")
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To: sig226

So now, S&W owns Walther and T/C. Wonder what else they will be aquiring? Good thing I bought stock in them over the summer, along with Ruger. I wish some of the other gun companies would go public so that I can buy thier stock also.


46 posted on 12/20/2006 7:10:56 AM PST by looscnnn ("Olestra (Olean) applications causes memory leaks" PC Confusious)
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To: Mr Rogers
Saf-T-Hammer developed a key lock system. The key fits into the grip of the pistol and it can't be used unless the key is inserted and turned. They're also doing research into electronic systems that recognize the owner's grip or fingerprints and will only activate the gun if the owner is using it.

I worry about the reliability of the system. What if you need the gun and the battery is dead or can't get to the key to activate the weapon? What if you're hand is injured or bloody? Will the system still work?

47 posted on 12/20/2006 7:16:34 AM PST by mbynack (Retired USAF SMSgt)
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To: mbynack

No problem. I broke off a steel rod three inches into the muzzle.
Snapped off the firing pin, and wedged a bit of bar stock in the trigger mechanism. and used a three pound sledge on the mainspring area of the frame. I bent the crane and the ejector rod. I put some melted lead behine the firing pin hole too.
Filed off the sights and bent the frame where it accepts the barrel. That sucker will NEVER kill an innocent by it's
self ever.

Firearms maintainance for and by the dumbassed liberals who thing that guns kill peeople. Now they have a bludgeon.


48 posted on 12/20/2006 7:28:42 AM PST by Gideon Reader (" All of us know who the enemy is, and where the threat comes from, except for the politicians.")
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To: Gideon Reader
No problem. I broke off a steel rod three inches into the muzzle. Snapped off the firing pin, and wedged a bit of bar stock in the trigger mechanism. and used a three pound sledge on the mainspring area of the frame. I bent the crane and the ejector rod. I put some melted lead behine the firing pin hole too. Filed off the sights and bent the frame where it accepts the barrel. That sucker will NEVER kill an innocent by it's self ever.

I just take the bullets out of mine.

49 posted on 12/20/2006 8:00:38 AM PST by mbynack (Retired USAF SMSgt)
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To: mbynack

Be sure to remove the primers from the cartridge cases and store the powder separately.


50 posted on 12/20/2006 8:25:44 AM PST by B4Ranch (Press "1" for English, or Press "2" and you will be disconnected until you learn to speak English.)
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