City Manufacturer Acquires Falconer Company
Lakeside Capital Corp., which is doing business as Dahlstrom Roll Form, has agreed to purchase DC Rollform, a Falconer-based roll forming manufacturer.
On Monday, Dahlstrom Roll Form company officials announced the purchase of DC Rollform’s and its 130,000-square-foot building. The consolidation and move to the new building is scheduled to be complete by the third-quarter of this year. Dahlstrom officials announced that they expect no disruption to any of its customer supply programs.
“We look forward to the opportunities that lie ahead by growing our business with the merged talents of our employees, and the combined capabilities of our equipment,” said Robert White, Dahlstrom Roll Form owner.
The Falconer facility includes full liquid and powder coating equipment that will eliminate the need for Dahlstrom to outsource powder coating services, streamlining its customers’ supply chains. Some of DC Rollform machines will remain in use, increasing Dahlstrom’s capacity for production of its metal components.
As part of the purchase, Dahlstrom will add seven employees from the DC Rollform staff. Many of DC Rollform’s operators have been with the team since its founding in 1987.
Dahlstrom has operated in Jamestown since 1904. Its main product lines are roll formed components for OEM customers in the transportation, power distribution, infrastructure and other industries, as well as moldings for architecture and interior design. Dahlstrom architectural mouldings are present in many famous buildings, including the Empire State Building and the Minnesota Vikings’ U.S. Bank Stadium.
Last month, the Chautauqua County Industrial Development Agency approved a preliminary resolution approving of a Payment In Lieu Of Taxes (PILOT) and sales tax exemption agreement with Dahlstrom Roll Form for the company’s move from 402 Chandler St., Jamestown, to 221 Lister Ave., Falconer.
The business is moving to increase its useable square footage.
Carol Rasmussen, IDA business development manager, said Dahlstrom will retain its 35 employees. She said in December, the IDA approved a mortgage tax exemption for the business. She added that before the IDA can approve the PILOT and sales tax exemption, a public hearing first needs to be held. The public hearing has been scheduled at 10 a.m. Wednesday, Feb. 19, at the village of Falconer community board room, located at 101 W. Main St., Falconer. Following the public hearing, the IDA board is slated to approve the PILOT and sales tax exemption at its February meeting.
During the IDA’s January meeting, White spoke to the board about moving Dahlstrom to 221 Lister Ave., Falconer. He said 10 years ago Dahlstrom was presented an Al Tech Revolving Loan from the IDA, which helped the company expand from 10 employees to 35. He added it will cost around $800,000 to move the business to Falconer.
Following Dahlstrom’s purchase of the Falconer building, Inscape NY Inc. will continue to lease 20,000 square feet and office space for its fabrication business. White discussed how he used to work for Inscape before moving to Dahlstrom.
“It’s a perfect fit for us,” he said.
Rasmussen said Dahlstrom’s purchase of the 130,000-square-foot Lister Avenue building, which includes a 7.2 acre parcel, took place at the end of last year. She added that the mortgage recording tax exemption will be an incentive of $30,000 and the sales tax exemption will be around $60,000. In total, the incentives Dahlstrom is receiving from the IDA will save the company around $265,000.
Rich Dixon, IDA chief financial officer, said Jamestown city officials have been notified about Dahlstrom’s move to Falconer and were involved in the process of Dahlstrom acquiring the Falconer facility.