No one "bought the machinery" to make them. Mike Krause of "Krausewerke" in California took measurements and reverse engineered both the .45 and the "Baby" to make exact copies by CNC machining and a ton of hand work. They are very expensive but of the highest quality. There are a number of amateur and professional gunsmiths that make the cut down 7-shot examples (not the real small Baby, but like the original modified examples made by DWM) that are probably what you are thinking of as a "conversion".
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If it's made after 1918...it's a reproduction
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