Smith & Wesson Sets Date to Spin Off Outdoor Gear Business

Smith & Wesson Brands (NASDAQ: SWBI) is about to become a pure-play gunmaker stock again after it announced it will spin off its outdoor gear and accessories business on Aug. 24. The gunsmith had been known as American Outdoor Brands for the past few years until management decided these are really two disparate businesses. While Smith & Wesson had been slowly building up its outdoor products business following the acquisition of Battenfeld Technologies in 2014, it accelerated its presence in the space two years later by also buying knife maker Taylor Brands and laser maker Crimson Trace.