In June 2003, Stone Belt purchased the Michael O. Long Company and started the Stone Belt Leather Works division. The purpose of the business venture was to provide an independent revenue stream to help offset Stone Belt's dependence on Medicaid funding, while providing clients with the opportunity to learn new skills associated with the production of fine, hand-made leather goods. Stone Belt and the Long Company had long had a mutually beneficial partnership through subcontracted work, and this arrangement provided an exciting opportunity for both parties.
During the nearly 5 years that Stone Belt owned and operated Leather Works, the business has been able to achieve the original goals, although on a more modest scale than initially envisioned.
Due to Stone Belt's current need to focus on core operations, the Board of Directors and management have concluded that the timing is right to conclude ownership of the Leather Works business division. Through talks with Mike Long, it has been determined that the most appealing approach is to sell the business back to Mike while maintaining a mutually beneficial partnership for both parties.
Stone Belt will now continue to produce belts and other small leather items, some of which will incorporate client-created art designs from Stone Belt's Art & Craft product division. Mike Long will maintain his line of quality personal leather goods. He stands ready to assist Stone Belt in the transition of the business, and has pledged to remain available to provide specialized labor on possible future products that Stone Belt may create.
The Leather Works venture brought Stone Belt many wonderful opportunities to increase capacity and open new doors for community interaction. Stone Belt looks forward to its new relationship with Mike Long and his staff.