This Company provides custom plastic injection molding products and services to customers in the consumer, recreation vehicle, sporting equipment, medical, electronics and industrial products market. The Company offers, part design, tool building assistance and clean room medical molding. Secondary operations include welding, plating, assembly and packaging. The Company is ISO 9001-2008 certified, ISO 13485 compliant and clean room ISO 8 certified.
Sales are generated through the company’s nearly 15 year reputation for providing quality molded parts, services and cutting edge technology to a diverse customer base. Operating in an area considered a “hotbed” for medical research and development, the company sees strength in medical molding services, which was only recently added to core business. Increased sales and marketing for medical clean room molding offer a significant opportunity as the Company’s pricing for this work is very competitive.
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 $951,444. Net working capital is defined as accounts receivable and inventory less accounts payable.
Accounts Receivable: $764,784
Accounts Payable: $233,441
Cash in the bank is specifically excluded from this sale and will be retained by the seller.
Location: Minneapolis/St. Paul metro area
Ownership: “S” Corp
Facilities: 19,080 Sq. Ft. on 3.2 acres
Rent: $4.56 per sq. ft. plus taxes, maintenance and insurance
Hours of Operation: two shifts 5 days per week. Lights out on certain equipment on weekends
Employees: 32 full time non-union
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.