Business For Sale Listing 152080
World Renowned Manufacturer of Foundry Equipment
Status as of Jan-7-2009 at 06:00 PM: Active
Business Summary
Our firm currently represents a leading machinery designer, manufacturer and consultant for centrifugal casting equipment and auxiliary foundry equipment. Founded almost 70 years ago by the universally acknowledged pioneer in the field of casting machine design, the company possesses decades of experience in machine design and manufacture in over 65 countries. ISO-9001 certified since 2000. Posted 2007 EBITDA of $286,000 on revenues of more than $3 million. Serves a global customer base, with 2007 revenue deriving from projects for firms in Russia and the Ukraine (53% of sales), North America (24%), South America (9%), Asia and India (9%), the Middle East (4%), and Western Europe. Clients are active in a diversity of markets including the petrochemical, steel mill roll, general foundry and non-ferrous industries. Company representatives attend a host of trade shows throughout the world, and the Company also maintains sales agents in China, Turkey, Argentina, Russia and the Ukraine. Although a majority of the Company’s business is for export, sales are invoiced in U.S. dollars to avoid exposure to currency risk. Provides training designed specifically for the needs of the customer in either the Company’s R&D facility or the customer’s own plant. Company management has identified China and India as the firm’s next growth markets. Elevated customer satisfaction, a superior reputation and the firm’s existing industry network are excellent predictors for continued success.
Categories
Industry
Location
Financials
| Sales: |
Between $2.5 Million And $5 Million (3,050,000) |
| Profits: |
Between $100 Thousand and $500 Thousand (286,000) |
| Profit Type: |
Earnings Before Interest, Taxes & Depreciation (EBITDA) |
| Asking Price: |
Not Disclosed |
