Smith & Wesson Holding Corp.
announced plans Tuesday to buy its way into the broader $60 billion outdoor sporting-goods market, reducing its reliance on volatile sales of guns and ammunition.
The largest U.S. firearms maker by revenue could create up to three new divisions for outdoor products as part of a broad restructuring that would also establish a stand-alone manufacturing unit alongside its existing gun and shooting accessories operations, according to an investor presentation at a big industry trade show in Las Vegas.
Smith & Wessons stock soared in 20…
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