In a $130.5 million cash deal, Smith & Wesson has purchased Columbia, Missouri-based Battenfeld Technologies. You probably know Battenfeld by some of their more familiar brands of shooting, gunsmithing and hunting accessories such as Caldwell, Wheeler Engineering and Tipton, among others. While Smith’s sales have stagnated recently (mostly due to lagging long gun sales), as nasdaq.com notes, “Smith & Wesson will gain immense traction from this acquisition. Battenfeld will not only provide the company opportunities to enhance its accessories portfolio . . .
but also enable it to expand aggressively into the hunting vertical. It will thus provide the company with the right platform for expanding its footprint in the firearm accessories market. Moreover, Battenfeld has been witnessing organic compound annual revenue growth rate of over 12%, which speaks volumes about the company’s robust organic growth strategy and its strength in the field of product development.”