Smith & Wesson parent company splits in two; firearm maker retains name, will be headquartered in Springfield

SPRINGFIELD — Citing the “political climate” related to the gun industry and the willingness of banks, insurers and investors to back it, Smith & Wesson said Wednesday it will split from the outdoor products and accessories businesses of American Outdoor Brands Corp.

Smith & Wesson changed its name to American Outdoor Brands in 2016 as part of a diversification push — the opposite corporate strategy from the one announced Wednesday.

Smith & Wesson has has 1,600 employees at its Springfield manufacturing plant.

New companies Smith & Wesson Brands Inc., based in Springfield, will encompass the firearms business, and American Outdoor Brands Inc. will include the outdoor products and accessories businesses, which sell everything from pocketknives to saws and gun cleaning supplies.