Group buys firm at airport
A group of local investors announced the purchase of OCECO Inc. Thursday and plans to expand the company, with an investment of more than $2.5 million.
According to a Seneca Industrial and Economic Development Corp. release, investors bought OCECO, located in Airport Industrial Park in Tiffin, and are in the process of purchasing the real estate. Plans include investing in equipment and adding six employees.
“We have identified opportunities to expand sales and we are very impressed with the employees,” President and CEO Mike Ruhe said in the release.
The company, founded in 1921, makes safety equipment for flammable liquid storage and wastewater gas disposal systems. OCECO supplies airports and energy companies with products such as fittings, flame arrestors and gas purification systems.
The company, which has nine employees, operates in a 38,000-square-foot facility.
Seneca County Commissioner Mike Kerschner said he is happy to see the company’s growth.
“OCECO has been a presence in the community for many years,” he said in the release. “It’s great to see new investment breathing new life into an existing company.”
The previous owner, Dick Borer, worked to find leadership to keep the business in Tiffin and is helping with the transition.