Restoring some of the employment to a former furniture complex in Medina is one of two new projects receiving $250,000 in loans from the state Job Development Authority for expansions that are expected to help create 79 jobs, state officials announced.
The Dubarry Furniture Co. Inc. is shifting manufacturing operations from Toronto to the former S.A. Cook and Co. furniture factory in Medina, with plans to create 73 jobs, said Louis Salen, administrative director of the Orleans County Industrial Development Agency.
Dubarry will receive $170,000 in a loan from the JDA as part of a $425,000 financing package.
Dubarry manufactures ready-to-assemble furniture for the Swedish company Ikea.
Dubarry will purchase the three-story 100,000-square-foot factory and wood-working machinery and use the building for manufacturing, warehousing, offices, showrooms and shipping, state officials said.
Dean Gavin of Medina is selling the building to Dubarry. He bought the factory when S.A. Cook and Co. phased out operations in 1984. Dean Gavin Designs then used part of the space to manufacture wooden collectible toys and furniture displays.
Gavin also recently helped sell the former S.A. Cook showroom facility nearby to another Canadian furniture manufacturer, called Braemore Convertibles. Braemore makes sofa-beds. The Cook showroom had been owned by J. Michaels Inc. of Brooklyn, S.A. Cook's former parent company, Gavin said.
Dubarry Ltd. was founded in Toronto in 1927 as the Chesterfield Furniture Co. In 1964, Max Magder, an industrial designer from Hamilton, purchased the company. He developed a system for manufacturing upholstered furniture that could be assembled in parts to save costs in production, transportation and warehousing.
The Albion Community Development Corp. and the Orleans IDA assisted in processing the $425,000 financial package. The financing includes a $197,000 bank loan, $15,000 from the Genesee Finger Lakes Regional Planning Council, $42,500 in equity plus the JDA loan.
In addition, Southern Tier Moving & Storage Inc. of Olean will receive an $80,000 loan as part of a $200,000 project. The company, a franchised agency of North American Van Lines, is located in a 10,000-square-foot facility and plans to add a 10,000-square-foot addition.
The expansion is needed to increase storage space and allow the firm to solicit new contracts. The project will create an estimated six jobs within three years.
The Cattaraugus Business Expansion Corp. helped process the $200,000 financial package that includes a $95,000 loan from Exchange Bank, $25,000 in equity and the JDA loan.