1516 Plastic Injection Molding & Specialized Large Machining Services

Mid West

1516 Plastic Injection Molding & Specialized Large Machining Services
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Asking Price: $65,000,000

Cash Flow: N/A

Gross Revenue: N/A

EBITDA: $13,050,000

FF&E: $27,454,000

Inventory: N/A

Real Estate: $7,500,000*

Established: 1963

*not included in asking price.

1516 Plastic Injection Molding & Specialized Large Machining Services

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Business Description

1516 Plastic Injection Molding & Specialized Large Machining Services

Opportunity to own the most prestigious domestic producer of large specialty molds for the plastic injection molding industry with over $40 million in revenues and 2018 adjusted EBITDA of $13 + million. Diverse customer base includes many large well-known companies covering multiple market segments.

This company has been in continuous operation for 56 years with management depth in place to continue owner’s legacy.

Company added Specialty Machining business in 1999 to leverage large capacity precision machinery already in place. Specialty Machining has grown to 40% of annual revenues by continually adding technologically advanced equipment and servicing growth markets. Significant growth opportunities available.

130+ non-union employees include skilled machinists, toolmakers, polishers, engineers, supervisors and salesmen averaging over 14 years of company service.
Mold manufacturing and machining capabilities unmatched in both size and precision anywhere in the USA.

Detailed Information

Real Estate:
Owned
Not included in asking price
Building SF:
180,000
Employees:
130
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Company operates out of 180,000+ square foot modern high-bay facility served by overhead cranes up to 100-ton capacity. 5-acre parcel available for expansion and rail service
Growth & Expansion:
Company has long history of growth and profitability verified by audited financials. Several opportunities exist to expand and grow the business through automotive, medical and foreign markets.
Reason for Selling:
Retirement
Business Website:
http://lakesbusinessgroup.com/businesses-for-sale/m-a/
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Contact the Seller

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Tim Bullard

Business Listed By:
Tim Bullard

VR Lakes Business Group, Inc.

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