The Company is an established manufacturer that puts quality first in its range of capabilities that include metal stamped parts, along with welding, fabrication, and mixed material assembly. In addition to the primary offering, the Company offers powder coating, packaging, kitting, and labeling. The metal stamped parts are produced from various types of steel on a punch press using dies/tooling to process the steel. These products are provided to all sorts of industries, such as HVAC, RV, appliance, truck, auto, transportation aftermarket, pump, motor and compressor manufacturers, and construction.
With over 80 years in business, the Company has grown a diverse customer based on its reputation. Much of the great reputation built up can be attributed to the Company being at the forefront of quality and safety, having achieved rigorous IATF quality certification.
The metal stamping industry is one that is poised to see renewed demand in the future. The Company is well-equipped to handle the demand as it serves many sectors such as HVAC, RV, appliance, after-market truck, and more. These diversified revenue streams have allowed the Company to withstand the tests of time.
The Company has a team-oriented culture where open communication is encouraged, and new ideas are always brought forth. Additionally, the Company has proven to be reliable to its suppliers.
Current ownership would like to retire but would be willing to stay on part-time during a transition period.
Number of Employees: 29
Facilities: 150,000 sq. ft. facility that is fully equipped and features a break room along with a recently renovated roof and overhead crane.
Support/Training: Ownership is willing to provide reasonable and customary transition assistance.
Reasons for Selling: Retirement.
Dedicated Team: The highly passionate and experienced staff provides superior service and continue to generate new ideas on how to grow the Business. The team has undergone extensive training and operates effectively in the absence of the owner.
Diversified Revenue: The Company has distinguished itself from the competition by offering a greater variety of products and services. With both metal stamped parts and welded assemblies serving numerous sectors, the Business can withstand potential hardships.
Strong Pipeline: The Company always has more leads than they can process, and thus has no trouble searching for new customers.
Local Training Programs: The Company could potentially partner with the state government or community colleges to train prospective employees and gain more exposure.
Increased Advertising: The overall advertising budget is low and name recognition is beneficial in this industry, so boosting marketing efforts could result in customer growth.
Sales/Sales Reps: The Company operates with minimal outside sales representatives and could double its revenue with its existing customer base alone with specialized sales representatives managing key customers.
Capacity Utilization: The Company only employs one shift and runs at about 70% capacity in its well-maintained facility, therefore there is much potential to grow by utilizing additional shifts.
Barcode Implementation: Operations would be faster, more reliable, and cheaper if the Company utilized smart devices to track parts through barcode scanning.
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