Stillwater News Press

Local News

December 29, 2012

STORY OF THE YEAR: Stillwater lands aerospace company

STILLWATER, Okla. — Stillwater joined the aerospace industry in July when ASCO Industries purchased the former MerCruiser plant and announced it would build jetliner parts.

The Belgium-based company eventually will employ approximately 600 people when the facility is fully functional. ASCO Aerospace USA will start renovating the MerCruiser plant on North Perkins Road next year and is expected to launch manufacturing operations by mid-2014. Production is expected to expand between 2014 and 2018 as the company obtains additional contracts.

ASCO Industries designs and makes high-strength aircraft components and assemblies for Airbus, Boeing, Bombardier and Embraer commercial jets.

The July 9 announcement turned Stillwater’s economy around.

The community was reeling from the loss of the MerCruiser plant and the closure of the Quad/Graphics printing facility in 2011.

Approximately 200 MerCruiser employees watched on Dec. 2, 2011, as the final engine shipped from the Stillwater plant. Quad/Graphics closed its Stillwater operations in May as Stillwater lost another 240 jobs.

Later in July, Stillwater received another economic boost when Total Energy, a maker of storage tanks, towers and custom pressure vessels, announced it would turn the former Quad/Graphics facility, 100 W. Airport Road, into its primary fabrication facility.

It will employ more than 200 people.

From bad to great

Landing the aerospace company changed the community’s fortunes.

Stillwater Chamber of Commerce President/CEO Lisa Navrkal said ASCO’s decision was a “huge win” in the economic development world for Stillwater and the state.

“The loss of those two companies was a loss to Stillwater. However, in the case of ASCO, the former MerCruiser site became a benefit to our community as ASCO sought a location for a manufacturing plant,” Navrkal said.

“The availability of this site assured an expedited transition and with the federal incentives of the New Market Tax Credits, the state incentives for Quality Jobs and Aerospace Engineering Credit, the workforce training from Meridian, and the research and development partnerships with OSU, it more than completed the package for ASCO.”

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