EST .1905
In 1905, two Englishmen name Roy Squires and William
Bingham put up a photo print shop and merchandising firm
in the Philippines. The company established was call Squires,
Bingham & Co.
Squires and Bingham eventually expanded their business
to general trading; importing and retailing motorcycles and
sporting goods — including firearms and ammunition. By the
1930’s, Squires Bingham Co. had become popularly associated
with sporting guns. It was at this point in time that Aurthur D.
Hileman, and ex-US Army Hospital Corpsman, purchased the
store from its original owners.
In 1941, the store — referred to as the “Sportsmen’s
Headquarters” — found a new owner in Celso S. Tuason.
Unfortunately, just four months after he purchased the store,
World War II broke out and Japan invaded the Philippines!
Naturally, the invaders first order of business, much to the
dismay of Don Celso, was to confiscate all the firearms in the
store. To survive, Squires Bingham Company had to rely on its
clothing and haberdashery during those dark years.
After the war, due to foreign exchange controls, Don Celso
Tuason decided to venture into manufacturing. He focused on
the most popular and profitable item in the store — firearms
and ammunition. Like most countries after World War II, it was a
time of rebuilding. Thus, in 1952, the President of the Philippines
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granted the Tuason family permission to manufacture firearms
and ammunition locally as it was in line with his governments
thurst towards industrialization. This led to the birth of Squires
Bingham Manufacturing Company, Inc.
In the mid-1960’s, Don Celso Tuason decided that it was time
to turn over the management of the Company to his three sons
— Bolo, Butch and Conkoy. In 1980, Squires Bingham Co., Inc.
became the holding company of the Celso S. Tuason family and
their varied business interests. Don Celso’s eldest son, Demetrio “Bolo” Tuason, was chosen to be the Chairman and President of the manufacturing company for firearms and ammunition. Thus, Arms Corporation of the Philippines (Armscor) was born.
In February 1985, Armscor opened an office in the United
States, calling the new company Armscor Precision (API). At
First, the US operations played only a support function, handling
the importation of Armscor products. In 1999, API moved its
operations to Nevada and became the sales headquarters for
Armscor in America. The company continued to evolve and
grow by acquiring one of the leading developers of the M1911
pistol under the Armscor banner — Rock Island Armory.
Armscor has become the leader in providing quaility products at
competitive prices. |