Drake Manufacturing celebrates start of a new era - WFMJ.com News weather sports for Youngstown-Warren Ohio

Drake Manufacturing celebrates start of a new era

Posted: Updated:
CHAMPION TWP., Ohio -

A ribbon cutting ceremony celebrates new ownership and marks the beginning of the next chapter for a Trumbull County manufacturer.

Precision production system maker Drake Manufacturing was recently sold to CW North America, Inc. 

The company currently employs 53 people but said they have plans to expand the Champion facility. 

"We are looking to expand sales, expand the production, we want to look at additional technology," David Tang said, vice president of sales and finance. 

At its peak, the company once employed about 110 workers. 

A federal judge approved the sale of the manufacturer following a three-month long receivership.

The company's new owners say they want to position Drake Manufacturing to become a market leader in the machine tools industry.

  • More From wfmj.comHot ClicksMore>>

  • White House called toxins contamination 'PR nightmare'

    White House called toxins contamination 'PR nightmare'

    Friday, August 17 2018 8:00 PM EDT2018-08-18 00:00:57 GMT
    (AP Photo/Matt Rourke). In this Aug. 1, 2018 photo, Lauren Woehr hands her 16-month-old daughter Caroline, held by her husband Dan McDowell, a cup filled with bottled water at their home in Horsham, Pa. In Horsham and surrounding towns in eastern Penns...(AP Photo/Matt Rourke). In this Aug. 1, 2018 photo, Lauren Woehr hands her 16-month-old daughter Caroline, held by her husband Dan McDowell, a cup filled with bottled water at their home in Horsham, Pa. In Horsham and surrounding towns in eastern Penns...
    Toxics used in nonstick cookware, fast-food wrappers and much more are turning up in public water systems in dozens of states.More >>
    Toxics used in nonstick cookware, fast-food wrappers and much more are turning up in public water systems in dozens of states.More >>
  • Outdoor fun dwindles as smoky haze hangs over California

    Outdoor fun dwindles as smoky haze hangs over California

    Tuesday, August 14 2018 1:03 PM EDT2018-08-14 17:03:07 GMT
    (AP Photo/Lorin Eleni Gill). The city of Berkeley, Calif., sits in a dull, smoky haze Wednesday, Aug. 8, 2018. The air quality has hit unhealthy levels in cities miles away as California's largest wildfire ever burns to the north.(AP Photo/Lorin Eleni Gill). The city of Berkeley, Calif., sits in a dull, smoky haze Wednesday, Aug. 8, 2018. The air quality has hit unhealthy levels in cities miles away as California's largest wildfire ever burns to the north.
    No major wildfires are burning near Sacramento but for two weeks a dull haze and the faint smell of smoke from distant blazes has blanketed California's capital region.More >>
    No major wildfires are burning near Sacramento but for two weeks a dull haze and the faint smell of smoke from distant blazes has blanketed California's capital region.More >>
  • Twitter CEO defends decision not to ban Alex Jones, Infowars

    Twitter CEO defends decision not to ban Alex Jones, Infowars

    Tuesday, August 14 2018 11:01 AM EDT2018-08-14 15:01:19 GMT
    (AP Photo/John Minchillo, File). FILE - In this Tuesday, July 19, 2016 file photo, Alex Jones, center right, is escorted by police out of a crowd of protesters outside the Republican convention in Cleveland. Facebook says it has taken down four pages b...(AP Photo/John Minchillo, File). FILE - In this Tuesday, July 19, 2016 file photo, Alex Jones, center right, is escorted by police out of a crowd of protesters outside the Republican convention in Cleveland. Facebook says it has taken down four pages b...
    Twitter CEO Jack Dorsey defend company decision not to ban right-wing conspiracy theorist Alex Jones and his "Infowars" show.More >>
    Twitter CEO Jack Dorsey defend company decision not to ban right-wing conspiracy theorist Alex Jones and his "Infowars" show.More >>
Powered by Frankly
All content © Copyright 2000 - 2018 WFMJ. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms