Business Summary:
The Company is a Midwest-based die caster, manufacturing components for customers in the automotive, structural hardware, plumbing and furniture industries. In over 60 years of existence, the Company has built a strong reputation within the industry for innovation, quality service and manufacturing expertise. A capable and experienced workforce enables the Company to consistently produce quality die castings for its customers. The Company operates from a wholly-owned production facility which may be included in a potential sale transaction. Primary opportunities include acquisition by a synergistic buyer desiring to enter the industry or a strategic industry buyer looking to add capacity and a stable additional revenue stream.
The Company’s recent financial performance has been modestly positive, with a three-year (2005 – 2007) trend of revenue growth.
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| Number of Employees:
15FT |
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| Facilities / Terms of Lease:
Well-located manufacturing facility included in sale. |
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| Potential
Growth/Expansion:
The primary opportunity represented by a potential acquisition of the company is a synergistic or strategic combination with another firm. The acquiring firm may be involved in the die casting industry already, or may simply involved in a related industry and interested in making an entry into die casting in order to diversify operations. By adding the company's existing book of business, a firm already involved in the die casting industry may be able to increase top line performance by an additional $2 to $3 million with only modest increases in associated overhead. Some of the Company’s existing die cast lines may also be attractive to a synergistic acquirer who has extra space within their facility to add additional die cast lines. |
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| Competition:
The alloys that the Company uses are considered to be some of the best raw materials for use in die casting operation, and produce less wear on dies and molds than other die casting materials, allowing for less overhead investment in replacement dies and molds throughout the life of a casting run. |
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| Owner
willing to finance:
Negotiable |
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| Owner
willing to train:
Yes |
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| Reason for selling:
Retirement |
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Seller Reference Number: 440
BusinessMart.com Listing Number: 35902 |
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