The Ontario Knife Company Breaks Ground on New Manufacturing Plant
OutdoorHub 06.09.14
Senior executives from The Ontario Knife Company and its parent company Servotronics, Inc. (NYSE MKT– SVT) held groundbreaking ceremonies on Thursday, June 5th for the new expansion to its Franklinville, New York manufacturing facility. As the company celebrates its 125th Anniversary in business, the launch for OKC’s facility expansion marks an important milestone in the company’s aggressive five-year plan designed to consolidate operations as well as upgrade and streamline its manufacturing process.
Ontario Knife Company received development support for the multi-million dollar 28,000 square foot facility and equipment upgrade initiative in the form of the previously reported $416,000 New York State Community Development Block Grant from the Office of Community Renewal, a $300,000 Casino Funds Grant approved by the Cattaraugus County Legislature, as well as sales and property tax abatements and exemptions through the County of Cattaraugus Industrial Development Agency.
“Today is an exciting next step toward a bright future for Ontario Knife Company as we continue to invest in our people, equipment, and facilities during our 125th Anniversary year,” said Company President and CEO, Ken Trbovich. “Ontario Knife has created a legacy of crafting top-quality, made in the USA knives and tools for more than 125 years, and our expanded facility and new state-of-the-art equipment will set the stage for continued company growth,” Trbovich added.
Among the dignitaries in attendance were: Servotronics, Inc. President / Ontario Knife Company President and CEO Kenneth D. Trbovich; Servotronics, Inc. Chief Financial Officer / Ontario Knife Company Treasurer Cari Jaroslawsky; New York State Senator Cathy Young; New York State Assemblyman Joe Giglio; representative from U.S Congressman Tom Reed’s Office Lee James; Cattaraugus County Legislator Donna Vickman; Cattaraugus County Legislator William Weller; Cattaraugus County Legislator Gary Felton; County of Cattaraugus Industrial Development Agency Executive Director Corey Wiktor; Community Development Block Grant Program / New York State Office of Community Renewal Senior Community Developer Jerome Nagy; Town of Franklinville Supervisor Mike Brisky; Ontario Knife Company Executive Vice President and Chief Manufacturing Officer / Village of Franklinville Mayor Robert Breton; Dean Architects Principal Mark Dean; V.J. Gautieri Constructors President Victor Gautieri; V.J. Gautieri Constructors Director of Project Management Dave Rowley; and V.J. Gautieri Constructors Project Manager Vito Gautieri.
