Smith & Wesson Brands, Inc., a leader in firearms manufacturing and design, will relocate its headquarters and other major operations from Springfield, Massachusetts to Partnership Park North in Maryville, Tennessee. The $125 million project is expected to create 750 new jobs in Blount County.
In addition to its headquarters, the company will relocate its distribution, assembly, and plastic injection molding operations to Tennessee.
“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,” said Smith & Wesson Brands, Inc. President and CEO Mark Smith.
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.
“Tennessee is known by the brands that call our state home, and Smith & Wesson adds an enormous boost to our portfolio. We know that Smith & Wesson could have chosen anywhere in the world to relocate its operations and headquarters, and the fact they chose Tennessee underscores our state’s business-friendly environment and highly skilled workforce. The magnitude of this project will have a lasting impact on our state for years to come, and we appreciate the company for its significant investment in East Tennessee,” noted TNECD Commissioner Bob Rolfe.
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.
“Attracting and retaining good companies with above average wages is something the Blount Partnership and the Tennessee Department of Economic Development actively strive for when recruiting new businesses to the area. Smith & Wesson’s headquarters continue to raise the profile of our community as the best place for business. Welcome to Blount County,” Blount County Industrial Development Board Chair Matt Murray added.