Mar 17, 2020 — The asking price includes the associated real estate.
The profitable and well-established machine shop offers milling, turning, fabrication, welding and roll grinding services to customers in the surrounding region and beyond. Additionally, the Company sells its own patented roll hardness testing meters primarily to large paper manufacturers. The product is widely regarded as the top-of-the-line industry solution, and certain customers use it exclusively to test their own products, prior to shipping. These products represent a significant growth opportunity as word of their existence has only traveled via word-of-mouth.
In business for nearly 70 years, the Company has weathered numerous regional economic downturns, the transformation of entire manufacturing industries and processes, and is clearly here to stay. The Company’s longevity has been achieved by focusing intensely on the needs of the customer and maintaining a high level of professionalism.
Ownership has put in place a seasoned General Manager and systems to remove themselves from the Company’s day-to-day operations and monitor performance remotely. Both owners reside out of state and one owner visits the Business only a few times per year.
The Company’s customer base is well-diversified, with long-term relationship customers.
Ownership would like to sell to transition to retirement. The real estate is available for sale as part of the transaction and is included in the asking price.
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