May 16, 2013
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Suzanne Kreiter/Globe Staff
A Smith & Wesson employee assembled a gun at the company's factory in Springfield.
The 161-year-old gun maker topped the 2013 Globe 100 rankings of Massachusetts businesses.
"We went back to what we do best, which is handguns. We divested the security business very successfully and since that point have not looked back," said Smith & Wesson CEO James Debney.
Smith & Wesson increased profits 14 times over in 2012, netting $66 million on sales of $538.6 million.
Smith & Wesson has hired 350 new workers at its Springfield manufacturing center in the last two years.
In recent years, Smith & Wesson has ventured beyond its core revolver business, introducing popular polymer handguns and modern sporting rifles.