Cast Products Manufacturing - Profitable Growth!
Cast Products Manufacturing - Profitable Growth Opportunity. This foundry business has been operating for over 50 years and under the current owner for 29 years. There is a long history of profitability. The reason for sale is retirement. Gross Sales are in the $5-6 million range with Discretionary Earnings of $750 thousand to 1.1 million and an asking price of $3.3 million. The business is located in California. The company has a strong brand reputation and a very diverse customer mix focused on parts with more stringent requirements and specifications. These customers operate across a broad spectrum of different markets including electrical equipment, oil & gas, aerospace, automotive aftermarket plus more. A new owner can build on this strong platform for future growth. One immediate growth opportunity would be to increase machining capabilities to satisfy the many requests by their customers for finish machined parts. The seller is flexible on establishing a smooth transition plan for a new owner. For additional information contact Mike Dunkle at 310.418.1530 with Listing ID 2880.