Firearms and accessories accounted for 70.1% of total sales revenue in the U.S.[1] Taurus produced its first revolver, the Model 38101SO, in 1941.

In 1977, Taurus was purchased from Bangor Punta by its current owners, and its ties to Smith & Wesson were severed.

In 1980, after Italian arms manufacturer Beretta had completed its contracts to produce firearms for Brazil's military, Taurus purchased Beretta's São Paulo manufacturing plant along with the tooling, technical drawings, and work force necessary to produce several different pistol designs.

[3] In 1997, Forjas Taurus purchased the rights & equipment to manufacture Rossi brand revolvers.

In 2012, Heritage Manufacturing was also purchased and its production later moved to Taurus' Miami, Florida plant.