Servotronics, Inc. (Servotronics) designs and manufactures high-performance servo valves, including torque motor, hydraulic, and pneumatic valves. The company’s products are sold to commercial aerospace, government, medical, and industrial markets. The company focuses solely on aerospace. The sale of the company’s products to primarily large commercial aerospace customers does result in a dependence on a small number of major customers.
Dispositions
The company executed an Asset Purchase Agree...
Servotronics, Inc. (Servotronics) designs and manufactures high-performance servo valves, including torque motor, hydraulic, and pneumatic valves. The company’s products are sold to commercial aerospace, government, medical, and industrial markets. The company focuses solely on aerospace. The sale of the company’s products to primarily large commercial aerospace customers does result in a dependence on a small number of major customers.
Dispositions
The company executed an Asset Purchase Agreement (APA) with a third party on August 1, 2023, to sell certain assets of The Ontario Knife Company (OKC), wind-down the OKC operations, and divest the Consumer Products Group (CPG) business segment.
Sales, Marketing, and Distribution
The company has embarked on a rebranding initiative, launching a new website and refining its branding strategy to better communicate our product and service capabilities to new and existing customers. These developments are pivotal in aligning our organizational structure and market presence with its long-term vision and the dynamic demands of the aerospace and government sectors, as well as our targeted expansion into the energy and industrial markets.
The company’s products are marketed and sold throughout the United States and in select foreign markets. These products are sold to commercial aviation manufacturers, government prime contractors, government subcontractors, and end-users. Servotronics holds long-term contracts with prime contractors of the United States Government for military programs and original equipment manufacturers for commercial programs.
History
Servotronics, Inc. was founded in 1959. The company was incorporated in New York in 1959.