The gun-making giant Smith & Wesson has had its headquarters in Springfield, Massachusetts since 1852. Now, after nearly 170 years, the company is moving its headquarters and hundreds of jobs to Maryville, Tennessee due to proposed Massachusetts gun legislation.
The legislation, if enacted, would prevent Smith & Wesson from manufacturing products characterized in Massachusetts as “assault rifles.” Such products accounted for more than 60 percent of Smith and Wesson’s revenue last year.
“These bills would prevent Smith & Wesson from manufacturing firearms that are legal in almost every state in America and that are safely used by tens of millions of law-abiding citizens every day exercising their Constitutional 2nd Amendment rights,” Smith & Wesson CEO Mark Smith said in a statement.
“This has been an extremely difficult and emotional decision for us, but after an exhaustive and thorough analysis, for the continued health and strength of our iconic company, we feel that we have been left with no other alternative,” Smith added.