Seven months after Alliance Innovative Manufacturing in Lackawanna abruptly shut down, its owner has sold the manufacturing facility to a Blasdell company that makes racks, shelving and other storage products.
Rapistak Corp., through the David Aidan Group LLC, paid $1.32 million for the 3.04-acre complex at 1 Alliance Drive, just north of Smoke Creek off the Hamburg Turnpike. The seller, RRSJ LLC, is controlled by Richard St. John, the former president of Alliance Innovative.
The 73-year-old metals machining company produced aerospace and aircraft parts, as well as complex machines and cutting tools for the compression, marine, nuclear, oil and gas, power generation and transportation industries. The company was originally founded as a machine shop in 1945 by Spanish immigrant Ferdinand Pedro Pla.
It employed about three-dozen workers, with annual sales of $6 million to $7 million, but closed and laid off all the employees at the end of December with no advance notice after the lender for its equipment seized its assets.
St. John had been trying to secure new funding to cover a $6 million loan, but a deal fell through, and the bank took over. Workers were told by phone over a weekend to come in the following week to collect their tools and belongings. The plant was listed for sale a month later.
The property includes a 34,540-square-foot building that was constructed in 2008. The single-story facility is divided into 31,120 square feet of production and industrial space, with 24-foot ceiling heights and two overhead doors, plus another 3,420 square feet of office space.
It's assessed at $1.27 million. It was sold at a bank-ordered auction on March 20 by Blackbird Asset Services LLC, along with over 915 sets of tools and equipment.
Founded in 2002 and based on Electric Avenue, Rapistak makes multilevel military cargo racks, adjustable and fixed pallet racks, roll stacks and other storage products for industrial and government customers, with automated crane and forklift systems to handle goods.