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Since 1974, the company has taken pride in its ability to surpass its customers' expectations by building compression molds and secondary tooling for the heavy truck, aerospace, auto and personal watercraft industries. As a completely self sufficient company it provides custom services to meet total program needs. The company specializes in SMC, Woodfiber, Urethane, and RIM processes for exterior body panels, reinforcement panels, door panels, headliners, Package trays, acoustical components, trunk and trim applications. Highlights: *Founded 1974 *C Corporation / Year End January 30 *Annual Sales Avg. 19 Million *Three Year EBITDA $1,916,000 *Two Shift Sales Capacity 25 Million *70 Employees / Non-Union / Two Shifts *Primary Sic Code 3544-05 Mold Manufacturers *Buildings / 100,000 sq ft Leased from related party
Please refer to listing ID: 7064JH
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| Industry: |
Manufacturing |
| Industry Segment: |
Metals Components Manufacturing |
| Geography: |
United States > Michigan |
| Asking Price: |
$13,000,000 |
| Gross Revenue: |
$19,000,000 |
| Cash Flow: |
$2,000,000 |
| Cash Flow Comments: |
Four year avg EBITDA |
| Value of Inventory: |
$3,000,000 (Included in Asking Price) |
| Value of Equipment: |
$8,500,000 (Included in Asking Price) |
| Value of Real Estate: |
$4,700,000 (Not Included in Asking Price) |
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| Year Established: |
1974 |
| Number of Employees: |
70 full time - |
| Reason For Selling: |
The company is owned by four brothers. Two would like to exit the company and two would like to remain. They seek a well capitalized buyer to assure continued growth. |
| Facilities: |
100,000 sq ft Leased Buildings owned by Family Trust, may be purchased or leased. |
| Market Outlook/Competition: |
This fine company has a strong history of sales and profitability. Its diverse customer base, facilities, management and over all superior operations make it an excellent acquisition prospect for strategic competitors, large molded parts production manufacturers, foreign companies and others. Note: The company has applied for and expects to receive a personal property tax abatement that will result in a cost saving of over $250,000 per year. |
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| Email: |
info@companyconnections.net |
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