Stillwater News Press

Local News

July 6, 2012

MerCruiser property sold

Belgian aerospace company is a supplier to Boeing, Airbus

STILLWATER, Okla. — A privately-owned Belgian aerospace company has purchased the former MerCruiser manufacturing facility on Perkins Road in Stillwater.

ASCO Industries, formed SREC, LLC, an Oklahoma Limited Liability Co., on June 11. The name was registered with the Oklahoma Secretary of State by the Oklahoma City law firm McAfee & Taft.

ASCO Industries purchased the former MerCruiser site from the Stillwater Industrial Foundation on June 25, according to property transaction records filed in the Payne County Clerk’s Office.

Stillwater Chamber of Commerce President/CEO Lisa Navrkal refused to confirm or deny the sale of the former MerCruiser facility to ASCO.

Oklahoma Gov. Mary Fallin is expected to announce ASCO’s decision to locate a facility in Stillwater on Monday at the Farnborough International Air Show in England.

Requests for comment from the governor’s office representatives were not returned.

Fallin is leading a delegation of seven Oklahoma aerospace companies to the air show, one of the largest aviation events in the world. The show will attract more than 130,000 visitors and be attended by trade delegations from more than 40 different countries.

ASCO Industries is listed as an exhibitor at the airshow’s trade show which runs from Monday through Sunday. Companies normally make major announcements during Monday’s media events.

Fallin will address industry leaders on Monday to highlight Oklahoma’s aerospace, defense and unmanned aircraft systems sector.

“Oklahoma has resources and opportunities in these areas that no other state in the country has,” Fallin said.

Oklahoma has more than 150,000 aerospace, defense and unmanned aircraft systems jobs with an annual payroll of $5 billion. The aerospace industry’s industrial output is more than $12.5 billion a year.

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

 

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