Smith and Wesson of Maryville Tennessee bought Savage Arms from JDH Holdings for 160 million dollars in stock and cash. The 132 year old Massachusetts company known for rifles and shotguns now sits with the 174 year old maker of pistols revolvers lever guns suppressors and sporting rifles forming the largest US commercial gunmaker with more than 300 years of shared history. Executive Mark Smith said the purchase grows hunting especially bolt action rifles as Savage adds roughly 160 million in annual sales about 500 staff and overlapping retail channels.