Thompson Center is no more

[bluetopper]

Smith and Wesson has stopped all production of the Thompson Center brand.

 

[ddixie884]

That is bad news............

 

[lihpster]

They are looking for a buyer for the brand. Hopefully the new owners will continue to make the great products T/C has always made.

 

[LostintheOzone]

I didn't know TC was associated with S&W.

 

[pmosley]

Ironically, Chicago just today announced the sale of Thompson Center......obviously, unrelated but coincidental nonetheless.

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[Bladeswitcher]

This was on Yahoo Finance today . . .

Smith & Wesson Brands, Inc. Announces Intent to Divest Thompson/Center Arms™ Brand

Smith & Wesson Brands, Inc. Announces Intent to Divest Thompson/Center Arms™ Brand

SWBI
+7.30%
Mon, May 3, 2021, 3:30 PM·3 min read

SWBI
+7.30%
SPRINGFIELD, Mass., May 3, 2021 /PRNewswire/ -- Smith & Wesson Brands, Inc. (NASDAQ Global Select Market: SWBI), a leader in firearm manufacturing and design, today announced that it plans to divest its Thompson/Center Arms brand. This decision is part of the Company's broader strategic plan that will focus on its core Smith & Wesson brands.

Mark P. Smith, President and CEO of Smith & Wesson Brands, Inc., said, "Thompson/Center is a beloved hunting brand with a longstanding heritage, and we are committed to ensuring a smooth transition. Thompson/Center Arms' loyal consumers should rest assured that they will continue to receive the world-class firearms, accessories, and customer service support that the brand has been known for since its founding in 1965. We remain fully committed to the hunting and long-range shooting market, and with this divestiture we will be able to now focus on these categories under our iconic Smith & Wesson brand. Additionally, this will allow us to immediately redirect manufacturing capacity to increase overall production volumes, allowing us to gain additional market share while simultaneously increasing profitability."

At this time, a buyer for the Thompson/Center Arms brand has not been identified; however, the divestiture is not expected to have a material financial impact on the Company's first quarter fiscal year 2022 results and the Company expects the divestiture to be accretive to the Company's full year fiscal 2022 through higher overall production levels, increased margins, and lower marketing costs. The Company states that this decision will not result in a workforce reduction as its flexible manufacturing model allows it to repurpose capacity immediately to other areas without a headcount reduction.

 

[ArchAngelCD]

Smith & Wesson Brands, Inc. has announced that it plans to divest the Thompson/Center Arms brand, stating in part, “This decision is part of the Company’s broader strategic plan that will focus on its core Smith & Wesson brands.”

At this time, a buyer for the Thompson/Center Arms brand has not been identified. Smith & Wesson has indicated that the divestiture should not have a deep financial impact on its first quarter fiscal year results. Furthermore, the company said this decision will not result in a workforce reduction.

We can only hope they find a good buyer who will do the right thing by the company.

 

[duane_wade]

Hopefully the name and product line will be bought by someone that will continue to make good firearms. I've got a TC Venture in .243 and it is a good rifle. Factory ammo shoots sub 1" groups at 100 yards. I have yet to hunt with it but I got it to hunt whitetail with.

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[SMSgt]

TC needs to get back to its roots to survive.

 

[Dirtman]

T/C 30-06

Hopefully the name and product line will be bought by someone that will continue to make good firearms. I've got a TC Venture in .243 and it is a good rifle. Factory ammo shoots sub 1" groups at 100 yards. I have yet to hunt with it but I got it to hunt whitetail with.

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I have a T/C 30-06 that I really like. Awesome accurate! I use it mostly for hog hunting. It's taken a lot of abuse but has held up well. It's like a hammer in a tool box, not pretty but very functional for it's purpose!
I hope they don't find a buyer that cheapens the gun to affect its accuracy.

 

[Gunhacker]

I hope Ruger picks them up to breath some life back into them, like what they are doing with Marlin.

I never understood S&W's acquisition of T/C in the first place.