Plastic Injection Molding Company

Status
Sold
Close Date
Client Number
A283
Executive Summary

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. 

Financial Information
Financial Metrics
2014 2013 2012 2011
Sales $7,500,000 $5,507,823 $5,397,516 $5,728,511
EBITDA $850,000 $517,242 $327,915 $759,129
EBITDA: Earnings Before Interest, Taxes, Depreciation, and Amortization

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

Inventory: $420,101

Accounts Payable: $233,441

 

 

Cash in the bank is specifically excluded from this sale and will be retained by the seller. 

Deal Structure
Price
Open to Offer
Other Information
Location
Minneapolis/St. Paul
Ownership Type
S Corporation

Location:                               Minneapolis/St. Paul metro area

 

Established:                          1999

 

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.