Pictured are Rhonda Johnson and Wayne Rishell, the new owners of Weber-Knapp in Jamestown. The county Industrial Development Agency's board of directors approved a $1 million loan to help facilitate the purchase from former owners Donald Pangborn and Rex McCray, who purchased the company in 2011 to return it to local ownership. Submitted photo

The county Industrial Development Agency has approved a $1 million loan to support the purchase of Weber-Knapp Co. Inc. by Rhonda Johnson, president of Weber-Knapp, and Wayne Rishell, company CFO.

The facilities are located on Chandler Street, Jamestown and Allen Street in Falconer and are comprised of 243,000 square feet of space. Weber-Knapp has been operating in Jamestown for 114 years, when the company started as a manufacturer of hardware for the furniture industry.

Mark Geise, Deputy County Executive for Economic Development and Chief Executive Officer of the CCIDA, spoke about the agency’s efforts to not only attract new development and jobs to the community and region, but just as importantly, retain current businesses.

It is essential that the CCIDA supports local manufacturers, such as Weber-Knapp, especially when that assistance results in local ownership,” Geise said. “Rex McCray and Donald Pangborn have been terrific leaders in ensuring Weber-Knapp remains locally-owned and competitive on the global stage, and I have every confidence that Rhonda and Wayne, as well as their tremendous workforce, will do the same. I’m pleased that the CCIDA could support this very worthwhile effort.”

In 2011, the company was acquired locally by the current ownership of McCray and Pangborn, who were part of the management team. Prior to the purchase, Weber-Knapp was under foreign ownership and there was significant risk that the company was going to relocate out of Chautauqua County or cease operations. The purchase resulted in Weber-Knapp remaining in Chautauqua County and being locally controlled. Presently, the current owners are ready to sell the company, retire, and continue the local ownership practice through Johnson and Rishell.

“The advantage of remaining locally owned is that we will be able to maintain the company’s identity, culture, and presence in the community. As the new owners, we have a combined 65-plus years in manufacturing and management, know the business and the employees, and have a strategy for continued success,” Johnson said.

Weber-Knapp is a designer and manufacturer of motion control and hardware products/accessories for the luxury appliance, outdoor appliance, industrial, medical equipment, and office furniture industries. It provides all the function and capability desired by its customer base at a very high-quality level.

“This is another great outcome for a manufacturing pillar of the community,” said County Executive PJ Wendel. “Weber-Knapp employs more than 100 people locally, with stable and good paying jobs, and I solute not only Ms. Johnson, Mr. Rishell, and their workforce, but also the CCIDA for assisting them in purchasing this staple of the community and keeping it under local ownership and management.”

The current owners will finance a portion of the acquisition price. Also assisting with funding to complete the purchase, besides the CCIDA, are Evans Bank and Cattaraugus County Bank. Johnson and Rishell will inject personal equity to complete the financing.

The Real Property is located at 441 and 415 Chandler St. and 2019 Allen St. in Jamestown and has 104 full-time employees and 14 temporary employees. EZ Office, Kaohsiung Taiwan, which has 11 employees, is a fully-owned subsidiary of Weber-Knapp Co. Inc.