American Outdoor Brands has announced plans to split its firearms unit, Smith & Wesson, from its outdoor products business, citing "changes in the political climate." (Credit: Daniel Acker/Bloomberg/Getty)

Smith & Wesson will become a standalone gun business

American Outdoor Brands has announced plans to split its firearms unit, Smith & Wesson, from its outdoor products business, citing “changes in the political climate.” The firm said in a statement Wednesday that it would create two independent, publicly traded companies. The restructuring is expected to be completed in the second half of next year. […]