Leading Distrib- Industrial Rubber & Plastic Prod.
Status:Off The Market
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Business Summary
Our firm currently represents a very well-established, profitable and family-run company specializing in industrial products, materials handling equipment and service and manufacturing. Established over 60 years ago, the Company benefits from sustained family management and continued excellent relationships with clients, suppliers, vendors, and bankers. Posted EBITDA of $351,000 on revenue of $2.89 million for FYE September 2007. 2006 results topped $2.94 million in sales, representing better than 15% growth over the previous year, with corresponding EBITDA of $350,000. Offers a full line of industrial hose, flexible ducting, sheet rubber, tubing and adhesives for use by manufacturing companies such as military, food-pharmaceutical, furniture, automotive, construction, etc.... Recently expanded into new dieless gasket manufacturing while continuing to offer flatbed steel rule die manufacturing capabilities. At fiscal year-end 2006, the Company had total assets of $1.51 million, with total liabilities of $953,000. 80% of the Company’s clientele is within a 50 mi radius of their greater than 20,000 square foot facility. Forecast to grow at an annual compounded rate of 5.3% between 2006 and 2009. ISO 9000 – 2000 Certified.
