Smith & Wesson Brands has acquired Savage Arms—the 132-year-old Westfield, Mass.-based maker of legendary rifles and shotguns—from JDH Holdings in a stock and cash transaction valued at $160 million. The purchase brings together two of industry’s biggest names in American firearm manufacturing.
“The acquisition of Savage is transformative for Smith & Wesson and contributes to our objective of becoming the undisputed market leader in the firearm industry,” said Mark Smith, president and chief executive officer of Smith & Wesson Brands. “With this transaction, we have significantly expanded our presence in the hunting category, particularly in bolt-action rifles, which will enable us to better serve our customers. We are excited to combine Savage’s expertise and scale in the hunting category with our proven capabilities in the handgun and semi-auto rifle markets. We believe our teams’ core competencies will complement one another, translating into a stronger combined business.”
The company immediately ranks as the largest commercial firearms manufacturer in the United States. Its full-line product offerings spanning handguns, revolvers, rifles, shotguns and suppressors. Savage brings roughly $160 million annual net sales and a dedicated, skilled workforce of approximately 500 to the Smith & Wesson family, strengthening the combined company’s position at a moment when consumer demand for American-made firearms across every category remains strong.
Savage and Smith & Wesson already sell through many of the same dealers, distributors and big box retail partners. Both companies are trusted by an overlapping base of hunters, competitive shooters and everyday sportsmen and women across the country. That shared customer base—and the supply chain, vendor and distribution relationships behind it—creates efficiency at an unmatched scale.
Few announcements in this industry carry the historical weight of this one. Smith & Wesson was founded in 1852 in Massachusetts. Savage Arms was founded in 1894, also in Massachusetts.
Both companies have spent more than a century as fixtures of American manufacturing, innovation and craftsmanship. Hunters, sportsmen and protectors have relied on their products for multiple generations. This acquisition is more than a financial transaction. It’s the union of two authentically American manufacturing stories, grounded in the same values of quality, durability and performance that built this industry in the first place.
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