Smith & Wesson boosts its Arsenal with $130m purchase

Smith & Wesson, the US gun manufacturer, announced yesterday that it had agreed to pay $130.5m (£82.6m) in cash for Battenfeld Technologies, an American manufacturer of hunting gear, including tripods, metal targets and shooting rests. Massachusetts-based Smith & Wesson has struggled to maintain sales growth after speculation that Congress would introduce tighter regulation of guns led to a surge in demand in early 2013. Chief exec James Debney said it “allows us to move more strongly into the hunting vertical”.Smith & Wesson, the US gun manufacturer, announced yesterday that it had agreed to pay $130.5m (£82.6m) in cash for Battenfeld Technologies, an American manufacturer of hunting gear, including tripods, metal targets and shooting rests. Massachusetts-based Smith & Wesson has struggled to maintain sales growth after speculation that Congress would introduce tighter regulation of guns led to a surge in demand in early 2013. Chief exec James Debney said it “allows us to move more strongly into the hunting vertical”.