Taylor is an American company that just imports knives and markets them. They do not, as far as I know, directly market under their own name anymore. All they do is OEM and co-branded.
OEM is when one company makes something under a different company's name. In Taylor's case, they don't even make the knives, they just arrange to have them made by offshore manufacturers and then import them. So, Taylor OEMs knives for Smith and Wesson. The knives are sold by S&W directly and through S&W dealers. The knives bear S&W's name and logo. But, S&W didn't make them. They had nothing to do with them. S&W gave Taylor some sort of input. That may be a 3D CAD model, a fully-dimensioned mechanical drawing, a designer's sketch, or just rough outline. It may be a page ripped out of a Benchmade catalog. Taylor then fills in the details on that design as necessary. They may then go back to S&W and say, "This feature here is all very nice, but it's gonna run the cost way up. If we did this just a little differently, it'd be almost as neat, but not nearly as expensive." Thus Taylor, a company with years of experience in manufacturing knives, can help S&W arrive at an optimal design. Then Taylor can utilize their vast network of sources and connections to arrange manufacturing. They supervise the operations. Negotiate the vaugeries of customs, etc. All S&W has to do is sell the knives. It's a good arrangement.
Co-Brand is when you put your name next to someone elses. It's usually done when the customer wants to offer his customers a knife, but the customer doesn't expect his own name to sell a knive. This is what Taylor does with Nascar. Nascar thinks that a Nascar souvenir knife along with all the tee shirts and caps and such. But, aside from the fact that Nascar knows nothing about designing or manufacturing knives. They do know that the Nascar name alone won't sell the knife. So, they turn to Taylor. Taylor helps them with the design, takes care of all of the arrangments to get the knife made and imported, etc. And, it's marked "Nascar by Taylor" so that people will see the Taylor name and think it's a good knife.
Now, Seto is a very famous Japanese knife maker. Seto would like to sell knives into the US, but they don't feel like they know the US market, they don't have a US operation, and they don't feel like their name is strong enough in the US. So, they have, in the past (I don't think they are now but I could be mistaken) cobrand with Taylor.
That's where Taylor/Seto came from. Seto made the knives in Japan, and Taylor imported them into the US and sold them here.
I do not know this for sure, but I have been told that Japan recently outlawed the manufacture of balisongs in Japan.
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Chuck
Balisongs -- because it don't mean a thing if it ain't got that swing!
http://www.balisongcollector.com