Servotronics to review strategic alternatives for Consumer Products Group

Servotronics has authorized the review of strategic alternatives for the Consumer Products Group – CPG – with a goal of enhancing shareholder value. The Group consists of the Ontario Knife Company, a USA Heritage Brand that traces its origins to 1889, that currently markets a complete line of knives and tools for tactical, outdoor and home use. In 2022, CPG generated revenues of approximately $8.6M. Servotronics has engaged Paramax Corporation as its financial advisor to evaluate potential alternatives. The company noted that there can be no assurance that the Board’s review process will result in any transaction or other alternative.