This opportunity is presently under exclusive Letter of Intent and cannot be discussed. If you are interested, please submit your information below and we will contact you if it again comes to market.
Founded in 1950, this well-established rubber products manufacturing business for sale is located in Northern Indiana. The Company’s success is rooted on a foundation of quality and service. The Company has developed an outstanding reputation in the rubber industry by providing fast turnaround on premium quality prototype and short run production for compression, transfer and molded rubber products as precision die-cut parts. The Company has done work for multiple industries including electrical and electronic, industrial equipment, medical, food service, recreational vehicle, and automotive suppliers.
After the passing of one of the owners, the remaining partners wish to sell the business and retire.
Financial Summary:
2014 Total Sales: $1,202,146
2014 Owner’s Discretionary Earnings: $92,914
YTD June 30, 2015 Total Sales: $613,459
YTD June 30, 2015 Owner’s Discretionary Earnings: $96,216
- Products include seals, diaphragms, gaskets, slingers, and electrical connectors
Investment Highlights:
- Long Term Customers – Over the Company’s history it has built many long standing relationships and a good rapport with customers. Due to the Company’s dedication to quality and service, it boasts several customer accounts that are 40 to 50 years old.
- Quality Control/Zero Defect – The Company has extensive experience in meeting the strict quality requirements of the Underwriter’s Laboratory, the Department of Defense, Tier 1 automotive suppliers and is accustomed to manufacturing to the Zero Defect requirement of its customers.
- Reliable Reputation – Ownership cites its ability to respond quickly to customer needs as one of its biggest strengths. The Company will often produce a quick turnaround on a project at the request of a customer. The Company is reliable and their customers can count on them.
- Processes and Intellectual Infrastructure in Place – Many of the Company’s manufacturing controls, quoting systems, and process specifications are in a well-documented system for a new management team to easily follow and track the business operation.
Growth Opportunities:
- Hiring a Sales Person – Presently the Company is making no effort to develop new business. An active in-house sales person would help to stir up new business as well as aid in maintain current customer relations. As manufacturer representatives in the rubber industry have faded in usage, bringing a salesman in house could yield more growth.
- Direct and Internet Marketing – Current ownership has used direct marketing in the past to bring in new customers, but has yet to do any internet marketing such as updating the Company website, optimizing for search engines, and experimenting with pay-per-click. A marketing approach utilizing both methods could drum up new business for the Company.
Please inquire below for access to a complete Offering Memorandum and Financial Addendum.
Interested parties must demonstrate proof of financial capability, sign a Non-Disclosure Agreement, and have a brief introductory phone call with a broker. Inquire today about this rubber manufacturing Company for sale.