Y-Body
11-07-2016, 6:13pm
Relax - New Name for Holding Company (http://www.bloomberg.com/news/articles/2016-11-07/gunmaker-smith-wesson-to-drop-19th-century-founders-from-name)
Smith & Wesson Holding Corp., maker of handguns used in the Civil War and carried by Clint Eastwood’s 1970s police character Dirty Harry, asked shareholders for permission to change its name.
The board already approved changing the name of the 164-year-old company to American Outdoor Brands Corp. starting Jan. 1, Smith & Wesson said in a statement Monday. Investors will vote on the change at a Dec. 13 meeting.
The iconic company, founded by Horace Smith and Daniel B. Wesson in 1852, became famous for producing one of the first successful revolver-style pistols that helped tame the West. While about 90 percent of its sales are generated from firearms, Smith & Wesson has expanded to four units that include such non-weapon products as flashlights and Hooyman tree saws.
“We intend to aggressively grow organically and through strategic acquisitions, focusing on brands and products that best meet the needs and lifestyle of our target consumers,” Chief Executive Officer James Debney said in the statement.
Smith & Wesson Holding Corp., maker of handguns used in the Civil War and carried by Clint Eastwood’s 1970s police character Dirty Harry, asked shareholders for permission to change its name.
The board already approved changing the name of the 164-year-old company to American Outdoor Brands Corp. starting Jan. 1, Smith & Wesson said in a statement Monday. Investors will vote on the change at a Dec. 13 meeting.
The iconic company, founded by Horace Smith and Daniel B. Wesson in 1852, became famous for producing one of the first successful revolver-style pistols that helped tame the West. While about 90 percent of its sales are generated from firearms, Smith & Wesson has expanded to four units that include such non-weapon products as flashlights and Hooyman tree saws.
“We intend to aggressively grow organically and through strategic acquisitions, focusing on brands and products that best meet the needs and lifestyle of our target consumers,” Chief Executive Officer James Debney said in the statement.