Smith & Wesson’s new company to acquire saw maker
Battenfeld Technologies, Inc. — now owned by gun maker Smith & Wesson Holding Corporation — said it’s on track to acquire Hooyman Saws, a company that makes extendable tree saws designed for hunting.
This purchase expands Battenfeld’s portfolio to include nine brands that run the gamut from gun cleaning supplies to reloading equipment to hunting tools.
The seven-year-old company, Hooyman Saws, originated in Wisconsin when owner Andrew Hooyman and his family developed a tree saw that functioned as both an extendible and folding saw.
Hooyman said Battenfeld will take his company “to its next level of success” with its established logistical network — similar reasoning for acquiring Battenfeld for $130.5 million last month.
Smith & Wesson plans to take full advantage of Battenfeld’s sophisticated sourcing and distribution infrastructure with a 145,000 production facility located in Columbia, Missouri, where the company plans to produce all its accessories.
Hooyman will also move its operations to Columbia — something that will not expected to impact deliveries of Hooyman products — once the acquisition is completed.
The post Smith & Wesson’s new company to acquire saw maker appeared first on Guns.com.
Source: http://www.guns.com/2015/01/08/smith-wessons-new-company-to-acquire-saw-maker/
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