Smith left the company and returned to his native Springfield, Massachusetts, while Wesson stayed on as plant manager with Volcanic Repeating Arms for 8 months. The Smith & Wesson Company was renamed Volcanic Repeating Arms in 1855 and was purchased by Oliver Winchester. Smith developed a new Volcanic Cartridge, which he patented in 1854. Wesson founded the Smith & Wesson Company in Norwich, Connecticut in 1852 to develop the Volcanic rifle. In late-September 2021, the company announced on they will move their headquarters to Maryville, Tennessee in 2023, citing an unfavorable business environment in the Commonwealth of Massachusetts. Smith & Wesson was a unit of American Outdoor Brands Corporation from 2016 to 2020, until the company was spun out in 2020. The modern Smith & Wesson had been previously owned by Bangor Punta and Tomkins plc before being acquired by Saf-T-Hammer Corporation in 2001. Wesson as the "Smith & Wesson Revolver Company" in 1856 after their previous company, also called the "Smith & Wesson Company" and later renamed as " Volcanic Repeating Arms", was sold to Oliver Winchester and became the Winchester Repeating Arms Company. Smith & Wesson was founded by Horace Smith and Daniel B. The corporate headquarters is in Springfield, Massachusetts. ( S&W) is an American manufacturer of firearms, ammunition and restraints.
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