Headquartered in the Midwest, the Company is a specialized provider of automation technologies, with core expertise in fastening systems and automation cells. The Business benefits from a diverse customer base spanning multiple end markets, including appliances, electrical components, automotive, and construction products. Additionally, the Company maintains a steady backlog of automation projects for fulfillment by potential buyers. Following the successful divestiture of another business segment, ownership is now seeking to transition out of the Company through a quick and efficient sale process as they move toward retirement.
The Company owns four properties, currently operating out of two while leasing a third to an unrelated third party. The fourth property previously supported the divested business segment. As part of a transaction, ownership is open to selling or leasing the real estate, providing flexibility for buyers. Ownership is committed to supporting a smooth transition and is willing to provide customary assistance during handover.
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Ad#:2443356