Ontario Knife Co., a subsidiary of Servotronics, is auctioning a hoard of surplus manufacturing equipment, as the Elma-based parent company reinvests in part of its consumer-products division while paring back others in its effort to boost profits.
Cash Realty & Auctions will sell the equipment to the public through an auction on Aug. 28 at 10 a.m., at the company’s offices at 69 South Main St. in Franklinville. A preview of the equipment will be held at 8:30 a.m.
The equipment includes stamping, drill, punch and grommet presses; sanders; welders; trucks; lifts; grinders; saws; dies; tumblers; molders; an air compressor and an oven.
Servotronics is a bifurcated company that makes knives, cutlery and bayonets through one division and motion control parts for aircraft, missiles and manufacturing equipment through another.
The company has been selling or closing money-losing business lines and products but is reinvesting in Ontario Knife with a $4.37 million, 28,000-square-foot addition to the 111-year-old plant in Frankinville – the largest expansion in the company’s history. It will include the purchase of new machinery and a reconfiguration of the operation to make it more efficient.