Business Summary:
This manufacturer of machinery, with a brand widely recognized in the industry, was founded in the late 60’s, incorporated in 1978 and purchased by the current Owner/President in 1987. The company has grown steadily over the past 31 years from a local supplier to becoming known as a preferred, often copied, worldwide producer of high quality,” Made in the USA”, durable machinery for the woodworking industry. Worldwide markets are served through an established distributor network that places high value on, and derives substantial revenues from, the applied technology of this company’s product line and its capability to meet their customers’ individual needs.
During the past several years, the company has been a leader in its response to the critical industry need to deal with constantly rising labor and overhead costs by integrating electronic controls into their products. This includes motion control electronics, which allow greater productivity from a lower- skilled labor force. New revenue streams have resulted from their expanded use of technicians for installation, service, support and training for these innovative products.
A key competitive edge for the company continues to be its agility in being able to provide customization based on individual customer needs and superior order fulfillment and delivery. The firm is well- positioned to provide equipment for the rapidly expanding vocational school and training center market, where its products are well- known and respected for their compatibility with lesser or unskilled trainees.
This acquisition opportunity is a turn-key operation. All processes are documented and all shop drawings are current. The MRP system is current and all bills of material are accurate, enabling a smooth transition. The current Owner/President is available for consulting and training as required.
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