American Outdoor Brands Corporation, parent company to several leading brands of companies for the outdoor enthusiast, has announced that its firearm company, Smith & Wesson Corp., has agreed to acquire substantially all of the assets of Gemini Technologies, Inc. (“Gemtech”), a provider of high-quality suppressors and accessories for the consumer, law enforcement and military markets.
“Gemtech is widely recognized for producing some of the finest rifle and pistol suppressors in the market,” said James Debney, president and CEO of American Outdoor Brands. “Gemtech’s strong product development capabilities, combined with our experience in brand management and our manufacturing expertise, will help us to efficiently develop both firearms and suppressors, minimizing our time to market for both product categories.” Debney continued, “We view this acquisition as opportunistic, allowing us to enter the suppressor category, which resonates strongly with our core firearm consumer, at a time when the market is particularly soft. These elements combine to make Gemtech an excellent fit with our long term strategy.”
The company intends to complete the acquisition of Gemtech utilizing cash on hand and expects the transaction to close this summer. Ron Martinez, president of Gemtech, will continue in his leadership role as general manager, heading up the company’s strong team located in Eagle, Idaho.