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Gunmaker Smith & Wesson moving headquarters to Tennessee

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NASHVILLE, Tenn. (AP) — Gun manufacturer Smith & Wesson plans to relocate its headquarters from Massachusetts in a $125 million investment expected to create 750 jobs in Tennessee.

The company founded in 1852 is currently centered in Springfield, Massachusetts.

Tennessee's Department of Economic and Community Development says Smith & Wesson Brands, Inc. is moving its headquarters, distribution, assembly and plastic injection molding operations to Maryville. Groundbreaking is planned before the end of the year.

The gunmaker will have company: Tennessee officials say the state is home to more than 20 small arms and ammunition manufacturers.