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Old January 30, 2014, 11:47 AM   #16
Hal
Senior Member
 
Join Date: October 9, 1998
Location: Ohio USA
Posts: 8,563
Quote:
I think Saf-T-Hammer buying out the company had a little something to do with it.
???


I don't catch your drift.

The lock agreement was made between Tomkins PLC and the Clinton administration. Clinton promised to call off the dogs (law suits) if Tomkins agreed to the locks.
After they did and signed the agreement, the shooting community pretty much destroyed S&W by boycotting.

Tomkins PLC reacted by dumping S&W for a huge loss.

Saf-T-Hammer bought S&W for $15 million (plus assumed $30 million in debt).
I clearly remember the backlash at the time when people found out that the locks were here to stay - despite the change in ownership.
People were T'ing off on Saf-T-Hammer for not going back on the agreement - but - there wasn't anything they could do about it.

Still - the underlying cause of all the hard feelings was the way the agreement & the lock were forced down our throats.

I'm rather unclear about your statement. Perhaps you can expand on it?
Hal is offline  
 
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