Blue Ridge Knives, Inc. entered into an Asset Purchase Agreement to acquire The Ontario Knife Co from Servotronics, Inc. (NYSEAM:SVT) for $2.1 million on July 10, 2023. Under the terms of the transaction, Blue Ridge will pay $2.1 million for substantially all of the inventory, intellectual property assets, tangible personal property and goodwill of The Ontario Knife Co , subject to adjustment based on inventory values at closing. The transaction is expected to close on August 1, 2023.