In this 2007 file photo, some people see the Smith & Wesson pistol wall during the National Rifle Association convention. (AP Photo / Jeff Roberson)
Maryville, TennesseeWort) – One of America’s oldest and most popular gun makers, Smith & Wesson has holstered its Massachusetts facility and relocated its headquarters to Tennessee.
WATE report With a history of 165 years, the company plans to invest $ 125 million to relocate its headquarters to Maryville, Tennessee over the next two years.
Smith & Wesson will transfer distribution, assembly and plastic injection molding operations in addition to the relocation of its headquarters. The move will create 750 new jobs, according to an announcement from the Tennessee Department of Economic and Community Development.
The company plans to begin construction in a commercial area known as Partnership Park North by the end of the year. The relocation is expected to be completed by the summer of 2023.
“This was a very difficult and emotional decision for us, but after a thorough and thorough analysis, we have other options for the continued health and strength of our iconic company. I feel that there is nothing left to do, “said President Mark Smith. Smith & Wesson CEO.
Smith said a recently proposed law in Massachusetts would prevent the company from manufacturing certain firearms in the federal state, which make up 60% of the company’s revenue.
“These bills will prevent Smith & Wesson from manufacturing firearms that are legal in almost every state of the United States and are safely used by citizens who comply with tens of millions of constitutional laws. 2NS “Modification rights to protect yourself and your family,” Smith said. In a press release.. “The unfortunate possibility that such restrictions will be raised again has led to a review of Smith & Wesson’s best course for the future.”
Nexstar WWLP report The location in Springfield, Massachusetts is still operational, but will be restructured. Some manufacturing work remains in Springfield, including forging, machining, metal finishing, and revolver assembly. Smith & Wesson has more than 1,000 employees in the state.
State officials have told WATE that Tennessee is ranked number one in the nation for employment in the small arms and ammunition sector, with employment growth of 54% over the past five years. Tennessee has more than 20 small arms and ammunition manufacturers.
“Our professional business reputation, skilled workforce, and commitment to the Second Amendment make Tennessee an ideal place for firearms manufacturing,” said Governor Bill Lee. I did.
Smith & Wesson has been based in Springfield, Massachusetts since 1852. Company officials said the Connecticut and Missouri facilities will be closed once the relocation is complete.
Smith & Wesson relocates headquarters in response to Massachusetts gun control
Source link Smith & Wesson relocates headquarters in response to Massachusetts gun control
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