December 12, 2013 —
Press release: Pike County Business Development Corporation is pleased to announce that on December 11, 2013 Kahr Arms, a subsidiary of Saeilo Enterprises, Inc. closed the purchase of the Pike County Business Park on Well Road.
Mr. Justin Moon, President of Saeilo Enterprises, Inc. said he hopes to break ground by the end of the year. The New York arms manufacturing company will begin constructing a 40,000 square foot facility to house both their corporate offices and a manufacturing center on the 12 acre parcel (Lot 5) on the 600 acre property.
“This company will bring the park back on the tax rolls and create much needed jobs” said Commissioner Mathew Osterberg. “We look forward to the positive impact to our local economy that Kahr Arms will bring”. T
he Pike County Economic Business Development Corporation’s President, Robert Pierce, said “ We would like to thank everyone that helped make this day happen, especially Davis R. Chant Realtors, Dave Chant and Pete Helms for brokering the sale, as well as Commissioner Mathew Osterberg and the Blooming Grove Township supervisors just to name a few”. “This has been a long process but I think Kahr Arms will be a perfect fit for Pike County”.