Smith & Wesson moving headquarters in response to proposed Massachusetts gun laws

Smith & Wesson moving headquarters in response to proposed Massachusetts gun laws

MARYVILLE, Tenn. ( WATE ) – Smith & Wesson, one of America’s oldest and most popular gun manufacturers, is holstering Massachusetts facilities and moving its headquarters in Tennessee. Nexstar’s WATE reports that the 165-year-old company will invest $125 million to relocate headquarters to Maryville, Tennessee, over the next two years. In addition to relocating the headquarters, Smith & Wesson will transfer its distribution, assembly and plastic injection molding operations. The move will create 750 new jobs, according to a release from the Tennessee Department of Economic and Community Development. The company plans to break ground in a commercial area known as Partnership Park North before the end of the year. The move is expected to be completed by Summer 2023. “This has been an extremely difficult and emotional decision for us, but after an exhaustive and thorough analysis, for the continued health and strength of our iconic company, we feel that we have been left with no other alternative,” said Mark Smith, President and Chief Executive Officer of Smith & Wesson. Smith said recently proposed legislation in Massachusetts would prevent the company from manufacturing certain firearms in the Commonwealth — firearms that account for 60% of the company’s revenue. “These bills would prevent Smith & Wesson from manufacturing firearms that are legal in almost every state in America and that are safely used by tens of millions of law-abiding citizens every day exercising their Constitutional 2 nd Amendment rights, protecting themselves and their families,” said Smith in a press […]

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