Manufacturer with Metal Fabricating Facility For Sale

Business description

The company being offered is a division of a corporation that currently has over $50 million in total sales volume. This Midwest division has been in operation for over 65 years as a manufacturer of proprietary designed metal and plastic products sold primarily to the newspaper and circulation industry. The company has a well-recognized name known for high quality and excellent service. The company is positioned to take advantage of years of local exposure and could be expanded with focus on customers in regions not being served. They are the second largest manufacturer in the country of this line of products. Customers are mainly east of the Mississippi River. This Division has approximately 10 personnel in the total operation. This is a non-union facility. Production, sales, and accounting staff are in place and will remain with the company.

Property information

Location:

The Company is located in an owned facility with up to 30,000 square feet available for separate lease. The seller would also be agreeable to an asset purchase, which can involve the relocation of the manufacturing operation. Parking is excellent and there is room for expansion on the property. They are centrally located to afford for excellent distribution rates to the entire northeast, southeast and midwest.

Other information

Support & training:

The principal owner currently allocates about 1/5 of his time to overseeing this facility. He is willing to stay on as an advisor for negotiated period of time.

Reasons for selling:

The owner, son of the founder of the company, is looking to retire.