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SMITH & WESSON HOLDING CORPORATION COMPLETES ACQUISITION OF BATTENFELD TECHNOLOGIES, INC.
Source: Smith & Wesson Holding Corporation press release

Springfield, Massachusetts -- Smith & Wesson Holding Corporation, a leader in firearm manufacturing and design, has announced that it has completed the acquisition of Battenfeld Technologies, Inc., an industry-leading provider of hunting and shooting accessories, for approximately $130.5 million, subject to post-closing adjustments. The acquisition, which provides a broad, established platform for Smith & Wesson's firearm accessories business, is expected to be accretive to Smith & Wesson gross margins, earnings per share, and cash generated in fiscal 2016, which begins May 1, 2015.

Based in Columbia, Missouri, Battenfeld Technologies develops and sells shooting, reloading, gunsmithing, and gun cleaning supplies under several popular, premium brands, including Caldwell Shooting Supplies, Wheeler Engineering, Tipton Gun Cleaning Supplies, and Lockdown Vault Accessories.