Schumer Secures Commitment from New Owners of Crosman to Keep 300 Jobs

News Date: 
05/03/2011

 

IN PERSONAL MEETING, SCHUMER SECURES COMMITMENT FROM NEW OWNERS OF CROSMAN CORP. TO KEEP 300 JOBS IN ONTARIO COUNTY AND CONSIDER LONG-TERM EXPANSION

 In Personal Meeting With Top Leadership Of Wellspring Capital, New Crosman Corp. Owners, Schumer Pushes Wellspring To Stand By The Ontario County Plant Workers

In Response To Question From Schumer, Wellspring Confirms That Workers Will Stay On The Job At Crosman, And The Firm Will Consider Expanding The Successful Plant

Schumer: This Is Great News For Crosman Workers, Their Families, and the Finger Lakes Region

 

Today, U.S. Senator Charles E. Schumer announced that he has secured a commitment from the new owners of Crosman Corp. to keep 300 jobs in Ontario County and consider a long-term expansion of the company, to be based in the Finger Lakes Region. The commitment came after Schumer asked Greg Feldman, Managing Partner of Wellspring Capital, in a personal meeting to commit to keeping the employees at work in the current plants. Feldman told Senator Schumer that Wellspring decided to invest in Crosman Corp. because they believe in the company’s potential, and would consider expanding the company locally in the next few years.

 

“In this economy, it’s absolutely essential that we keep deserving workers on the job, which is why I asked Wellspring Capital to commit to doing exactly that,” said Schumer. “The Ontario County workers at Crosman Corp. are a first-rate team, producing some of the finest air-rifles available. These are good-paying, family-sustaining jobs and I’m glad that their future is secure. I look forward to working with Crosman Corp. and Wellspring Capital to help the business grow, providing even more economic opportunities for middle-class families throughout the Finger Lakes region.”

 

Schumer is optimistic that Wellspring’s investment will help Crosman continue its recent local growth.  In 2010, Ontario County and New York State provided $600,000 in incentives in support of Crosman to help them expand and modernize their local Ontario County facility.  As a result of this deal, Crosman actually “in-sourced” by moving production it was doing in China back to East Bloomfield in Ontario County, helping to save 50 local jobs.

 

Currently Crosman employs 306 workers in Ontario, up from 210 workers just a few years ago. The primary manufacturing site is in the town of East Bloomfield, but they also opened a 20-employee distribution center in Farmington. Crosman Corp. is the County’s 10th largest non-government employer.  They recently regained Walmart as a customer and opened a distribution facility in Ireland. Their products are sold in 57 countries, and Crosman has emerged as the most successful company in the airgun and airsoft categories, designing and manufacturing its products here and abroad.

 

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