Tennessee Gov. Bill Lee, Department of Economic and Community Development Commissioner Bob Rolfe and Smith & Wesson Brands, Inc. officials announced the U.S.-based leader in firearms manufacturing and design will relocate its headquarters and other major operations from Springfield, Massachusetts to Maryville, Tennessee.
In addition to its headquarters, Smith & Wesson will relocate its distribution, assembly, and plastic injection molding operations to Tennessee. The project represents an investment of approximately $125 million and will create 750 new jobs.
Smith & Wesson will locate in Partnership Park North in Blount County, where the company plans to break ground before the end of the year.
Founded in 1852, Smith & Wesson is one of the world’s leading manufacturers and designers of firearms. They manufacture a wide array of handguns (including revolvers and pistols), long guns (including modern sporting rifles, bolt action rifles, and shotguns), handcuffs, suppressors, and other firearm-related products for sale to a wide variety of customers, including firearm enthusiasts, collectors, hunters, sportsmen, competitive shooters, individuals desiring home and personal protection, law enforcement and security agencies and officers, and military agencies in the United States and throughout the world.
Smith & Wesson joins more than 20 small arms and ammunition manufacturers located in Tennessee. Tennessee ranks No. 1 in the nation for employment in the small arms and ammunition sector, with employment increasing by 54% over the last five years.
Since 2017, TNECD has supported 10 economic development projects in Blount County, resulting in approximately 3,100 job commitments and $1.4 billion in capital investment.
“The strong support we have received from the State of Tennessee and the entire leadership of Blount County throughout this process, combined with the quality of life, outdoor lifestyle, and low cost of living in the Greater Knoxville area has left no doubt that Tennessee is the ideal location for Smith & Wesson’s new headquarters. We would like to specifically thank Governor Lee for his decisive contributions, and the entire state legislature for their unwavering support of the Second Amendment and for creating a welcoming, business friendly environment,” says Smith & Wesson Brands, Inc. President and CEO Mark Smith
About Smith & Wesson Brands, Inc.
Smith & Wesson Brands, Inc. (NASDAQ Global Select: SWBI) is a U.S.-based leader in firearm manufacturing and design, delivering a broad portfolio of quality handgun, long gun, and suppressor products to the global consumer and professional markets under the iconic Smith & Wesson®, M&P®, and Gemtech® brands. The company also provides manufacturing services including forging, machining, and precision plastic injection molding services. To learn more, visit smith-wesson.com.
About the Tennessee Department of Economic and Community Development
The Tennessee Department of Economic and Community Development’s mission is to develop strategies that help make Tennessee the No. 1 location in the Southeast for high quality jobs. To grow and strengthen Tennessee, the department seeks to attract new corporate investment to the state and works with Tennessee companies to facilitate expansion and economic growth. Find us on the web: tnecd.com. Follow us on Twitter and Instagram: @tnecd. Like us on Facebook: facebook.com/tnecd.