Specialty precision machine tool manufacturer serving aerospace, heavy industrial, and power generation manufacturing applications. The 5 year averages have been gross revenue of $2.7M with $276K net earnings. Staff is staying with the business and a 30K sq ft facility is bank appraised at $800K and for sale in a separate transaction.
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Plant operates on a four day work week, Mon-Thrs. Real estate bank appraised at $800,000 sold in separate transaction

Business History
Owned by a native of Germany, this machine tool manufacturer has been the only North American manufacturer in this specialty machine tool niche dominated by competition based in Germany. Founded in 1945, US operations were established in 1978 in Indianapolis and the long time GM purchased the US company in 2010 while the German parent company was acquired by a German conglomerate that went bankrupt. The Indiana company retains the rights to and has the engineering designs going back to 1945.

Competitive Overview
This company owns no patents. It's 70 year engineering design expertise and design database gives the company the competitive edge in pursuing $100K+ machine tool projects where errors are too costly to consider hiring a firm who has never designed this product. Primary competitors are in Europe.

Potential Growth
Great add on business for any manufacturer with an existing distribution channel in aero, heavy industrial, or power gen.

Posted Feb 29, 2016

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