Ontology-based knowledge graphs (KG) are desirable for effective knowledge management and reuse in various decision making scenarios, including design. Creating and populating extensive KG based on specific ontological models can be highly labour and time-intensive unless automated processes are developed for knowledge extraction and graph creation. Most research and development on automated extraction and creation of KG is based on extensive unstructured data sets that provide contextual information. However, some of the most useful information about the products and services of a company has traditionally been recorded as structured data. Such structured data sets rarely follow a standard ontology, do not capture explicit mapping of relationships between the entities, and provide no contextual information. Therefore, this research reports a method and digital workflow developed to address this gap. The developed method and workflow employ rule-based techniques to extract and create a Function Behaviour-Structure (FBS) ontology-based KG from legacy structured data, especially specification sheets and product catalogues. The solution approach consists of two main components: a process for deriving context and context-based classification rules for FBS ontology concepts and a workflow for populating and retrieving the FBS ontology-based KG. KG and Natural Language Processing (NLP) are used to automate knowledge extraction, representation, and retrieval. The workflow's effectiveness is demonstrated via pilot implementation in an industrial context. Insights gained from the pilot study are reported regarding the challenges and opportunities, including discussing the FBS ontology and concepts.