Gun manufacturer buys injection molder

By Frank Antosiewicz
Correspondent

Published: March 25, 2014 4:43 pm ET
Updated: March 25, 2014 4:48 pm ET

Related to this story

Topics Mergers & Acquisitions, United States, Consumer Products, Injection Molding, Injection molds

Firearms maker Smith & Wesson Holding Corp. is taking steps to better control its supply chain with the purchase of Tri Town Precision Plastics Inc., an injection molder in Deep River, Conn.

Springfield, Mass.-based Smith & Wesson said it has reached an agreement for its new subsidiary, Deep River Plastics LLC, to buy the net assets of Tri Town for about $23 million. The deal is scheduled to close in May.

James Debney, president and CEO of Smith & Wesson, said the acquisition will enhance his company’s new product development process.

“Polymer injection molding represents a significant element of our production process. Acquiring this capability allows us to vertically integrate a key component of our manufacturing operations with increased flexibility and is expected to thereby lower our production costs and reduce risk within our supply chain,” he said in a news release.

Tri Town was established by Scott Goodspeed in 1982. It operates 45 injection molding machines at its 95,000-square-foot facility. The company, which also offers tooling capabilities, has about 250 employees.

Goodspeed will not staying with the company, but other Tri Town management will remain, according to Liz Sharp, Smith & Wesson vice president. She said Tri Town has been a long-time Smith & Wesson supplier, and that the objective is to continue that arrangement.

Tri Town provides polymer frames and components for many of Smith & Wesson firearms, including its popular military and police models. About two-thirds of its sales come from Smith & Wesson. It also does work for the medical, industrial, aerospace, communications, automotive and defense industries.

Smith & Wesson, a publicly traded company, expects the acquisition will be accretive to its earnings in fiscal 2015, and that it expects a payback on its investment in four to five years.

Smith & Wesson designs and manufactures firearms and related products, as well as providing training, for global military, law enforcement and consumer markets. It has about 1,500 employees, with facilities in Springfield and Houlton, Maine.


Comments

Gun manufacturer buys injection molder

By Frank Antosiewicz
Correspondent

Published: March 25, 2014 4:43 pm ET
Updated: March 25, 2014 4:48 pm ET

Post Your Comments


Back to story


More stories

Image

Investment firm buys Ontario cap molder

October 23, 2014 2:01 pm ET

A company whose varied interests include food and refrigerated transportation businesses is now moving into plastic caps.    More

Image

FTC warns bag makers to take care before making biodegradeability claims

October 23, 2014 12:30 pm ET

Makers of oxodegradable or oxo-biodegradable plastic bags should consider themselves on notice, according to the U.S. Federal Trade Commission.    More

Image

Toyoda Gosei's growth strategy places a big focus on North America

October 23, 2014 1:21 pm ET

Sometimes, knowing your weaknesses is just as important as knowing your strengths. And if 2014 is any indication, automotive supplier Toyoda Gosei Co....    More

Image

Report: Private equity companies may seek to buy Bayer MaterialScience

October 23, 2014 10:56 am ET

A number of investment groups are reported to be interested buying Bayer AG's MaterialScience operation, valued at around 10 billion euros ($12.6...    More

Image

Bergen International adds manufacturing space, extrusion line

October 22, 2014 3:42 pm ET

Chemical foaming agent manufacturer Bergen International LLC recently doubled its manufacturing capacity, added an extrusion line and laboratory space...    More

Market Reports

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

Plastics in Mexico - State of the Industry Report

This report analyzes the $20 million dollar plastics industry in Mexico including sales of machinery & equipment, resins and finished products.

Our analysts provide insight on business trends, foreign investment, top end markets and plastics processing activity. The report also provides important data on exports, production, employment and value of plastics products manufactured.

Learn more

Plastics Caps & Closures Market Report

The annual recap of top trends and future outlook for the plastics caps & closures market features interviews with industry thought leaders and Bill Wood’s economic forecast of trends in growing end markets. You will also gain insight on trends in caps design, materials, machinery, molds & tooling and reviews of mergers & acquisitions.

Learn more

Upcoming Plastics News Events

January 14, 2015 - January 14, 2015Plastics in Automotive

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

More Events