Smith & Wesson Brands (NASDAQ:SWBI) will separate into a firearms business and an outdoor products and accessories business called American Outdoor Brands (AOUT) on August 24.
American Outdoor Brands has about 1,988 employees, and of those 1,484 are in manufacturing.
Smith & Wesson Brands stockholders will receive one share of American Outdoor Brands common stock for every four shares held as of August 10. Following the spin-off, American Outdoor Brands will be a separate publicly-traded company independent from Smith & Wesson Brands.
The split arrives with demand for firearms in an uptrend and outdoors products also seeing strong demand as consumers opt for RV/camping vacations at a record rate.
The company has three gun factories: the 575,000-square-foot facility in Springfield, the 150,000-square-foot facility in Connecticut, and a 38,000-square-foot facility in Houlton, Maine.