posted on August 14, 2014 14:42
It became official today: Batavia’s 150-year-old P.W. Minor Company has been saved from extinction by two local white knights riding in at the 11th hour.
“This company will not be closing,” Andrew Young, one of the Knights, said to applause.
He welcomed a host of local officials, politicians and employees of what he dubbed the New P.W. Minor Thursday morning.
The company announced just last month it was closing its doors for good.
The second knight, is Batavia businessman Pete Zeliff.
“We’re going to bring some new life into the company and we’ll have a more go-get-‘em attitude,” he said. “Previous owners, I think they lost interest, they lost the gumption to get it. We’re going to bring the ability to empower the employees there to go and get it done.”
Zelif and Young bought the business for $2.85 million. They will receive a 10-year property tax abatement worth $270,000 and $450,000 in tax incentives from New York State.
Zelif says it was P.W. Minors employees that attracted his investment.
“Their dedication to this company and their want to just do a good job and make good shoes and everything, it’s amazing,” he said. “That was the main thing we found here – the biggest asset is the employees.”
P.W. Minor makes leather footwear and orthopedic products. About 75 people work at the company, jobs that would have been lost.