Thursday, 28 August 2008

Smith & Wesson


Smith & Wesson : SWHC (S&W) is the largest manufacturer of handguns in the United States. The corporate headquarters is in Springfield, Massachusetts. Smith & Wesson is known for the many types of ammunition it has introduced over the years and for its revolver expertise.
In 1852, partners Horace Smith and Daniel B. Wesson formed a company to produce a lever-action pistol nicknamed the Volcanic pistol. The company became known as the "Volcanic Repeating Arms Company"; financial difficulties caused it to come into the majority ownership of investor Oliver Winchester. Previously, in the late 1840s, Daniel Wesson's brother Edwin, of Hartford, Massachusetts, had manufactured revolvers under the name of Wesson & Leavitt. After Edwin Wesson's death, that firm continued under the supervision of Thomas Warner.
In 1856, the partners left the Volcanic Company to begin a new company and to manufacture a newly-designed revolver-and-cartridge combination. The timing of the founding of this new company proved quite opportune for the partners, since the onset of the American Civil War five years later produced a great demand for Smith & Wesson's products.
In 1964, the company passed from Wesson family control, and subsequently several conglomerates took control of it.
From 1987 to 2001 Tomkins PLC, a British company, owned Smith & Wesson.

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