Gun manufacturer Smith & Wesson will move its headquarters from Massachusetts to Tennessee, citing the “changing business climate for firearms manufacturing in Massachusetts.”
The $1 billion company has operated from Springfield, Massachusetts, since 1852 — a decade before the American Civil War. However, the firm will relocate its headquarters and “significant elements of its operations” to Maryville, Tennessee, in 2023.
“After an exhaustive and thorough analysis, for the continued health and strength of our iconic company, we feel that we have been left with no other alternative,” explained Smith & Wesson CEO Mark Smith in a press release.
Among other reasons for moving to Tennessee, Smith & Wesson cited: