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Jun 16, 2020Niche Industrial Fabric / Textile Distributor

Wholesale distributor of specialty industrial fabrics used primarily in agriculture and industrial products. Rev $3.25MM with $500k SDE. Customer base includes cut-sew producers, defense contractors. Quick ship, small minimums, good margins. Owner is making plans for retirement.

In business for nearly two decades, they provide high quality knitted and woven fabric to a broad range of customers servicing end users in the industrial, agricultural, and composites industries. The company stocks significant supplies of inventory to meet customer demand and offers same or next day shipping in most situations.
The owners are nearing retirement age and ready to formulate an exit strategy which includes staying on for a period of time post sale to ensure a smooth transition. Price and terms have been established to facilitate a fast track deal closing without sacrificing the success and stability of the business.

Acquisition highlights include:
. Skilled and dedicated staff
. Loyal customer base across North America
. Largest customer represents only 14% of annual revenues
. Relationships with mills in the US and abroad
. 1,200 sq ft leased office space
. Warehouse and fulfilment is outsourced.
. Easily relocatable with customer concentrations on both US coasts

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