This Company manufactures and distributes multi-material, nonmetallic custom gasket, seals, and other mechanical components to customers in the electronics, automotive, appliance, medical and other industrial product markets. The Company excels in engineering processes and production of die cutting, lathe cutting, guillotine cutting, machining, molding and laser and water jet cutting. The Company is ISO 9001-2008 certified.
Sales are generated through the company’s nearly 25 year reputation for providing quality parts, excellent services and cutting edge technology to a diverse customer base. The company sees strength in all segments of industries served as consumer demand recovers and the Company continues to diversify processes and capabilities to expand sales into new markets.
This opportunity is expected to be an excellent opportunity for a manufacturer looking to add capabilities or as an add-on for a strategic buyer who has compatible customers or geographical fit.
All the furniture, fixtures and equipment used in the business will be included in the sale free and clear of all liens. A list of major items is included in the full profile on this Company.
Also included in the price will be net working capital of $345,083. Net working capital is defined as accounts receivable and inventory less accounts payable.
Accounts Receivable: $140,312
Accounts Payable: $95,518
Cash in the bank is specifically excluded from this sale and will be retained by the seller.
Location: Upper Mid-West
Ownership: “C” Corp
Facilities: 16,250 Sq. Ft. leased
Rent: $7,447.92/Month to May 2017. Option to renew.
Hours of Operation: 7AM – 3:30 PM Monday - Friday
Employees: 5 full time non-union. 2-5 temps.
Reason for Sale: Retirement
Training: The owners will assist the buyer during a customary transition period and the operating partner may stay on with the company for an agreeable term.