Apr 17, 2019 — Plastic Manufacturing Business in a Specialized Industry
Highly differentiated business focusing on high-end, high-margin, technically advanced plastic components for major US manufacturers. Most components use engineering materials to replace metal components for plastics in pumps, controls, and electric applications. Lean manufacturing and just-in-time practices keep inventory low and maintain a good quality system to minimize the waste.
The business was established in the late 1981. The business started to from injection molding in order to produce the plastic parts for their customers in 1990. The business expanded to extrusion operations in 2012. The company to this day has kept many of the original injection customers and continues to enjoy the long-term relationships with them.
Diversified customer base that spreads across many growing industrial sectors including water pumps, liquid filters, medical supplies, industrial controls, highway safety measures, all among injection and extrusion manufacturing processes.
The Company has partnerships with oversea tooling makers and local tooling shops achieve the most economic tooling development for the customers. All manufacturing is managed domestically by the southern California corporate office, providing a competitive edge for their clients in a globally diverse market.
There are many expansion opportunities with its unique technical concentration in southern California. The company has many long-term employees and all key managerial positions are cross trained.
The property is also available for sale at market value around $4.2MM. Individual building with size of 16,800 square feet with its own gates and fence. Prime location at the intersection of three major highways, provides a quick access. Equipped with 220V and 480V at 1200 Amp power with its transformer on site.
The owners are selling because of retirement. With some resources applied to marketing and sales the potential for much improved growth is evident.
The US plastic and rubber product manufacturing industry includes about 12,000 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $240 billion.
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