Details - Information last confirmed on October 8, 2020
If you are good with electrical and electro-mechanical products and design, this may be a good fit for you. In business for over 2 decades, this company has been providing a great income to the owner. The business maintained its sales even during the economic turn down. An energetic business owner could grow this business through effective marketing and sales. With an excellent reputation in the market, the business caters to manufacturers who require heaters and process controls in their manufacturing process.
Operating out of an owned facility, the business is located in the Carolinas. The owner does little local advertising; many customers come by word of mouth. The owner is selling the business in order to retire. There are a number of opportunities available to grow this business.
The typical customer is in the business of manufacturing plastics products or using plastic products in their manufacturing processes. Either one requires heaters and controls to accomplish the end result. Those making plastics items include films, automotive parts, and wire jacketing. Those using plastics to make their end products include films converters and food packaging companies.
The company has sold products in 39 different states and 21 different countries. Many small industrial control businesses throughout the country have been swallowed up by “big box” companies. Fortunately most of the customers prefer dealing with live people and knowing that the company has their best interests at heart with their processes, procedures and attention to detail. There are also numerous potential customers out there that the company has intentionally not targeted because these prospects prefer shopping with those who furnish the cheapest solutions.
This business specializes as a value added wholesale distributor of industrial process heating, temperature measurement and controls, web tension controls, plus AC and DC drives. The heater plus temperature measurement and controls products are widely used in many industries, but their focus industry is the extrusion environment. Other industries served are chemical, textile, rubber, and films converting. The web tension controls plus AC and DC drives are predominately used in continuous process equipment such as extrusion lines, wire drawing and coating, converting equipment such as films and paper, plus the remnants of the textile industry.
Disclaimer: DealStream has not independently verified any of the information in this listing and makes no warranty as to its accuracy or completeness. This listing does not constitute an offer to sell, solicit or make an offer to buy an investment interest. Offers to sell, or the solicitation of offers to buy, any security can only be made through official offering documents, such as a subscription agreement and private placement memorandum.