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Foundry Tooling Designer and Manufacturer

West, Michigan

Asking Price: Gross: Cash Flow:
Undisclosed $9,495,728 Undisclosed

Furniture and Fixtures Value:
$2,876,250 (included in the asking price)

Inventory Value:
$2,496,091 (included in the asking price)

Real Estate:
$3,156,240 (included in the asking price)

Business Summary:

Founded over 75 years ago, the Company is a leader in the design and manufacturing of foundry tooling. The Company has reinvented itself many times over its history to serve the needs of today’s ever-changing markets. The Company’s services include permanent and semi-permanent tooling and core boxes. It also has a full-service in-house engineering team and advanced manufacturing capabilities. With deep roots in Michigan, customers were historically tied to the automotive market, including General Motors’ own internal foundries as well as Tier 1 suppliers. However, recent initiatives have helped diversify over one-fourth of total sales into new end markets. Today, the Company also serves customers in the electric vehicle, military, aerospace, agriculture, and marine industries.

Ownership has not been actively involved in the day-to-day operations of the Company for over five years. The operations are principally run by a three-person leadership team. The team has worked hard to create a culture that devolves decision making to the lower levels and empowers the team to manage their part of the Business. As a result, the Company has a dedicated employee base with minimal turnover, including over 40 experienced journeyman tool and die makers. Ownership is flexible regarding the details of a transition and is willing to provide reasonable and customary transition assistance following the completion of a transaction. There are no expected losses in personnel post-transaction.

The Company operates out of two production buildings and one warehouse in the same location. The properties are owned through a related entity and are available to purchase alongside the Company. With current equipment, facilities, and advanced manufacturing capabilities, the Company could double its production output. Moreover, there are opportunities to move into high-pressure die casting or reduce operating cost, both of which would require minimal investment.

Thank you for reading this overview. The extent of the information that we are publicly permitted to reveal about this opportunity is contained in this overview. Please submit your contact information in the provided form. We have automated the processing of NDAs and sending of information for speed and efficiency. You will be sent a link to our online NDA. IF YOU DO NOT RECEIVE THE NDA LINK, PLEASE CHECK YOUR JUNK MAIL. If the email cannot be found, please email [email protected].

Once we receive your NDA and answers to some basic questions, the Confidential Information Memorandum (CIM) will be sent to you by the project manager.

IF YOU DO NOT RECEIVE A FOLLOW-UP EMAIL AFTER YOU SUBMIT YOUR NDA, PLEASE CHECK YOUR JUNK MAIL FIRST. If you do not see the email there, please email [email protected] for support. Thank you in advance!

 
   
   
Year Business was Established: 1936
   
Number of Employees: 81  
   
Facilities / Terms of Lease:
77,513 square feet across multiple buildings in close proximity. The sales and engineering office spaces were renovated 3 years ago.
 
   
Potential Growth/Expansion:
Growth Opportunities Include:
1. Electrification of Automotive Industry
2. Investment in High Pressure Die Casting
3. Significant New Vehicle Launches
4. Reshoring Opportunities
 
   
Competition:
Investment Highlights Include:
1. Strong Management Personnel
2. Full-service Engineering Design Team
3. Experienced in High-volume Automotive Industry
4. Open Capacity to Support Growth
5. Skilled Workforce
 
   
Owner willing to finance:
Limited Seller-Financing Available for Qualified Buyers.
 
   
Owner willing to train:
Ownership is willing to provide reasonable and customary transition assistance.
 
   
Reason for selling:
Ownership would like to pursue retirement.
 
 

 

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