From '71 to'77, S&W owned the controlling interest in Taurus.
A lot of tooling and intellectual property was shared. It was good for both companies. The taurus employees made S&W a good offer and bought back the shares.
Beretta had the pistol contract for the Brazilian army. They licenced it, along with the tooling, to Taurus. When the contract was over, Taurus kept the tooling and was allowed to continue making the PT92.
Wasn't that when Bangor Punta OWNED BOTH? Smith never outright owned a portion of Taurus.