IDA loans benefit Falconer, Sheridan companies

Dunkirk Metal Products

Two loans involving manufacturers in Falconer and Sheridan have been approved by the Chautauqua County Industrial Development Agency. One loan will assist with the purchase of Lakeside Capital Corporation, doing business as Dahlstrom Roll Form. The other loan will assist with the purchase of equipment at Dunkirk Metal Products of WNY, LLC (DMP). The loans will not only help to retain 79 jobs between the two manufacturers, but also create four new positions.

The loan for Dahlstrom Roll Form was $900,000 and will go to Jeremy Blum, current Chief Executive Officer of the company, and Brad Renwick, the current Chief Operations Officer. The two will use the loan to assist with the purchase of the company from Robert White, its current president.

By keeping the company locally owned, the move will help to retain 43 jobs and create two additional positions.

“We are thankful for the support and assistance from the CCIDA in helping us make this purchase,” Blum and Renwick said in a joint statement. “We look forward to our continued involvement at Dahlstrom Roll Form as the new owners and will work to continue the strong manufacturing legacy the company has secured in the greater Jamestown area and Chautauqua County.”

The loan for Dunkirk Metal Products at 3575 Chadwick Drive was for $280,000 and will be used to help with the purchase of a Tube Laser Cutting System. DMP is a metal fabricator and has been in existence in Chautauqua County since 2012, along with its predecessor entities going back to the 1940s. It provides quality parts primarily in Western New York and Northeastern Pennsylvania. The new laser machine is a newer technology with specialized applications for different tube cutting applications (round, square, oval, etc.).

The new equipment will help to retain 36 jobs and create two new positions at DMP.