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Nov 5, 2019Located in mid-central Michigan, this manufacturer focuses on industrial immersion heaters installed in aluminum melting furnaces and to cast parts for automotive applications. Immersion heaters heat directly from inside the tank. A strong electric current is passed through the element which heats the around it. With a primary focus on clients nationwide, the primary products include melters and vertical or horizontal holders for molten metal furnaces. The company operates from a leased 3600-square foot facility which includes production, shipping, receiving, and packaging areas, as well as office space. They offer custom builds and will work with furnace builders to design products to precisely fit their clients’ needs. With a proven track record supported by approximately 30 years of ongoing business and strong, long-standing customer relationships, marketing efforts focus on targeting furnace builders nationally and internationally. Revenues have been stable over the past four years. Last year, the total revenue was $997,450, with Seller’s Discretionary Earnings of $238,704. Due to an increase in global demand for cast aluminum parts, 2019 is projecting over $1,000,000 in sales. The current team is capable of running the business without owners on site, if desired. The current owner is looking to retire and will be available for a standard transition.

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