Smith & Wesson Holding, the parent company of the gun manufacturing giant, has bought Universal Safety Response, a Franklin firm that specializes in safety barriers, on Thursday.

The company is paying $26.2 million in cash and 9.7 million of its shares for the perimeter security business. Universal Safety will help Smith & Wesson make the move into commercial, non-firearm categories.

“We believe that the Smith & Wesson brand name around the world will help open markets for USR’s security systems solutions offerings,” Matt Gelfand, founder and CEO of Universal Safety, says in a news release. He will remain on as president of the firm.

Read the whole story on bizjournals or try our Toolbar
Bookmark and Share

Related stories from top sites:

  • Md. Firm Buys Maker of Hit Video Games

    Jun 22nd, 2009 - Washington Post

    ZeniMax Media, the Rockville-based parent company of video game publisher Bethesda Softworks, announced yesterday that it has acquired game development studio Id Software.

  • TJX and 42 states settle over data security breach

    Jun 22nd, 2009 - MiamiHerald

    Florida and 41 other states have reached a $9.75 million settlement with the parent company of several retail chains, after a 2006 security breach that exposed the personal identification information from tens of millions of transactions at T.J...

  • Airport fast-lane program Clear shuts down

    Jun 22nd, 2009 - bizjournals

    Clear, a service founded by entrepreneur Steven Brill that said it could get air travelers at Denver International Airport and other airports through security lines more quickly...

  • Un-Clear: Registered Traveler Company Shuts Down

    Jun 22nd, 2009 - Wall Street Journal

    The registered traveler company CLEAR, launched by entrepreneur Steve Brill, will shut down tonight, according to its Web site. Parent company Verified Identity Pass Inc...

  • Talks to Resume Between Globe Union, Management

    Jun 22nd, 2009 - FOXNews.com

    The Boston Globe and its largest labor union are scheduled to resume negotiations over how best to achieve $10 million in contract concessions. The two sides are to meet again Monday following two marathon negotiating sessions last week.

More stories ...

Leave a Reply

Comment moderation is enabled. Your comment may take some time to appear.