Business Summary:
This company serves the cheese and potato processing industry at locations primarily in four states. This business manufactures equipment, designed by the customer, for use in processing plants. In addition, the firm provides maintenance to both cheese and potato processing plants for both scheduled and emergency situations. To support the maintenance, the business maintains a very complete machine shop. All manufactured equipment is produced to standards and approved by the USDA. Over ninety percent of manufactured equipment is made using stainless steel. This is a family owned business started in 1972. Many present day customers have been with this business for some time. Presently, in a typical year 60% of total revenues are generated by the potato side of the business with the remainder coming from the cheese portion. Approximately 70% of revenues are generated by maintenance with the balance attributable to manufacturing. Additionally, the company is a dealer for bearings used in various industrial applications. The real estate consists of 4 acres located on a major arterial highway. The building footprint covers about 15,400 sq. ft. While the number of employees varies, there are usually about 25 workers on the payroll. In addition to individual hourly rates of pay, the company provides 50% of the cost of health insurance. The company also provides a 401k matching up to 4% when the employee contributes 5%. Vacations are paid based on tenure and basic hourly rate. Generally, there is not a lot of seasonality, but due to the maintenance component of revenues, employees can expect to be working all holidays.
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