The "Crosman Rifle Company" was founded in 1923 in Rochester, New York. Two years later, Frank Hahn bought Crosman Rifle Company and renamed it "Crosman Arms". His son, P.Y. Hahn, will become the driving force of the company for the next fifty years.

Crosman will acquire "Visible Impact Target Company" in July 1991, as well as "Benjamin Sheridan Corporation" in February 1992. Benjamin continued to be the leading US manufacturer of premium pneumatic and CO2 air cannons . Sheridan has also been one of the world's leading manufacturers of high quality paintball markers.

In 2007, the company expanded its offering outside of traditional airguns with the launch of its new optics division, CenterPoint Precision Optics.

In 2008, Crosman branched out further by adding "Crosman Archery" to its branded product list and introduced two new hunting crossbows in addition to youth archery products.

Today, Crosman Corporation is an international designer, manufacturer and distributor of Crosman and BB rifles and pellet guns, "Copperhead" ammunition, high quality "Benjamin" rifles and ammunition, airsoft rifles and pistols, and precision optics. The company employs over 300 people in the US, markets its products around the world, and is considered a leader in the air gun industry.