Tonawanda News — Taylor Devices officially launched it multimillion dollar manufacturing facilities on Thursday inside the Buffalo Bolt Business Park.
The move will allow the company, located on Tonawanda Island for years, to double the size of its manufacturing capabilities with 55,000 square feet of additional space at the new site.
Taylor Devices has seen huge growth in recent years in the sale of earthquake and shock absorption equipment, with a string of large-scale natural disasters in Asia spurring demand for the equipment. The company has also produced military equipment for decades.
Most of its products will be manufactured in three buildings that were purchased in 2011 from private owners, along with several acres of land.
Taylor spent $3.3 million to refurbish the structures, with links back to the days of Roblin Steel and Buffalo Bolt. The buildings were initially not considered a part of Buffalo Bolt but were incorporated into it over the last two years.
While Taylor did not receive governmental assistant in reviving the structures, the Niagara County Industrial Development Agency did approve a 15-year payment-in-lieu-of-taxes agreement.
Shipping, research and administration will remain in its Tonawanda Island facility.
Doug Taylor, company president, said the expansion will help fill a $16 million backlog and reinforce potential growth. The company has added 10 jobs since moving into the facility and now employees 110 people in total.
“The overall result essentially recreates the south portion of the Buffalo Bolt site as it existed in the 1950s, and allows Taylor Devices sufficient space for both current manufacturing and future expansion,” Taylor said.
The new facilities include three older buildings that were almost entirely reconstructed during the last year. The largest, originally built in 1915, was the former shipping department of the Buffalo Bolt Company.
The buildings have been extensively modified to allow the installation of heavy machines and their foundations, and for material handling through large overhead cranes, according to Taylor.
North Tonawanda Mayor Rob Ortt, who attended a ribbon cutting ceremony Thursday with other local officials, said when he took office in 2009 he feared the brownfield site remediated in the 1990s would sit idle, but will now instead serve as an incubator for future development along Oliver Street.
“Four years ago this business park was just a park, with no business,” he said. “Taylor Devices will be the first tenant here at the Buffalo Bolt business park and hopefully this will be another step in the revitalization of the Oliver Street business corridor. We are very happy to see a long-time NT company expanding and creating jobs here in our city.”
The city is also nearing a deal withy Armstrong Pumps, which is located outside the business park but is seeking to expand into it. The Aquasol Corporation, located on Thompson Street, purchased land in the park several years ago but has yet to develop the site.
Contact reporter Michael Regan at 693-1000, ext. 4115.