Well, it finally happened. Smith and Wesson is moving its headquarters from Massachusetts to Tennessee. I figured it wouldn’t be long since the ATF has been poking and prodding Smith and Wesson over the past few months. With this move, Smith and Wesson will be bringing TN approx. 750 jobs and approx. $125 million in revenue to Boulder County in Eastern Tennessee.
Smith and Wesson will be bringing their distribution, assembly, and plastic injection molding to Tennessee. Downside to this move, S&W will be closing their Connecticut and Missouri facilities, while the Massachusetts facility remain open. Only this move affects where the headquarters will be located at. Luckily, Smith and Wesson is willing to relocate (financially and logistically) the employees affected by the closures to the new facility in Tennessee.
SPRINGFIELD, Mass., Sept. 30, 2021 /PRNewswire/ — Smith & Wesson Brands, Inc. (NASDAQ Global Select: SWBI), one of the nation’s oldest firearms manufacturers, announced today that it is moving its headquarters and significant elements of its operations to Maryville, Tennessee in 2023. Smith & Wesson has been based in Springfield, Massachusetts since the company was incorporated in 1852.
