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Niche Manufacturer & Supplier of Consumer Products

Well established and highly profitable manufacturer and supplier of accessories for sport-utility & recreational vehicles.
The large diverse customer base includes OEM sport-utility & recreational vehicle manufacturers, distributors, retailers, resellers and direct to consumer sales. The concentration of sales to the customers is balanced with the largest customer representing less than 19% of the overall sales. The sales revenue for the company increased by 1.97% in 2007 and 6.26% in 2008 while adjusted EBITDA increased by 10.17% in 2007 and 17.07% in 2008. The large increases in EBITDA were achieved through the introduction of new profitable products and a substantial reduction in manufacturing costs through more efficient molding processes and improved overseas sourcing. The company has not employed proactive sales and marketing tactics to cultivate sales growth and has primarily relied on industry enthusiasts and the product’s reputation to drive sales. The ideal buyer is: 1) Strategic buyer with an existing accessory manufacturing capability. 2) Private Equity Groups looking for a bolt-on acquisition to leverage their brand in big box retail accounts, premier sport vehicle dealers or highly successful accessory distributors. 3) An international company looking to gain market traction through acquiring a top brand with proven sales history in the U.S