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PW Minor, a maker of leather shoes and orthopedic products in Batavia, is staying open under new ownership and retaining more than 50 manufacturing jobs, and adding up to 17 more, the company announced today.

PW Minor was scheduled to close on July 31, until Andrew Young and Peter H. Zeliff agreed to buy the business.

“The new ownership of PW Minor will keep an historic and valued company in Batavia, just where it belongs,” Governor Andrew M. Cuomo said in a press release. “Our top priority is not only to attract new businesses to New York, but also to ensure that the ones already here will be able to grow. I thank PW Minor for making Western New York their home, and welcome their continued growth and success.”

The company was founded by two brothers in 1867 shortly after they returned from fighting in the Civil War. It is one of a few remaining shoe manufacturers in the United States and the oldest company in Genesee County.

“Our goal is to not only keep the company open but to grow the business and create new jobs. We would not have been able to make this transaction without the assistance from Empire State Development,” Young said.

Batavia Shoes LLC will be purchasing the assets of the company for $2.85 million. Empire State Development will provide up to $449,505 in performance-based Excelsior Job Program tax credits in return for the new owners’ job creation commitments.