Details - Information last confirmed on November 23, 2020
*COVID-19 Impact: Prior to COVID, the Company consistently produced strong positive cash flows, with SDE in excess of $600K+ in each of the years 2017-2019. The Company is now in a situation where, despite strong quoting activity, new mold builds have stalled because customers are very slow to approve launches.
Despite suppliers offering credit terms and on-time deliveries, and an open and transparent relationship with his bank, the owner is legitimately concerned about the Company’s medium-term ability to meet its loan payment obligations and thus has a sense of urgency to sell all or part of the Company to a buyer with capital and relationships to maintain continuity for the many skilled and loyal employees, and long-term customers.*
This Company is an industry-leading builder of close tolerance molds. As a skilled mold company, the Business specializes in every area of insert molds, two material molds, and test specimen molds. High-value products, quality, responsibility, and efficiency are enforced from the top-down throughout the medical, plastic R&D, furniture, consumer goods, and automotive industries. The Company offers plenty of competitive attributes (including its strong customer relationships, niche expertise, and high-quality products) to provide efficiency, value, and quality core to this Company’s mission. This commitment has allowed the Company to tackle any project on any budget, with extremely precise specifications.
Additionally, the Company has built a reputation for value. The Company places value on mutually beneficial relationships with its customers, and because of this, they have crafted a reputation as a fair, consistent Business.
The Company was established in 1986, and the current owner gained 100% ownership through a stock sale in 1998. Since that time, the owner has built a strong foundation that operates today. The owner is willing to help the new owner(s) in the transition process.
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