27.11.2014 - Smith & Wesson will buy the manufacturer of arms accessories
American weapon Corporation Smith & Wesson agreed the purchase of Battenfeld Technologies for $ 130 million. Thus, the corporation plans to strengthen the positions on the market of accessories for weapons. Battenfeld Technologies products produced under the several brands and are sold through various online sports stores. It is expected that the transaction will be completed in December. In 2016 fiscal year, it is expected that the acquisition will allow the company Smith & Wesson to get about 55 million in revenue. At the moment, the company's shares look attractive enough for long-term investment and may show an increase of 30-35% per year.