Jun 19th, 2009 - bizjournals
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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.
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