Established over 40 years ago, the company is a profitable and recognized manufacturer of small to medium-sized dies for the automotive, furniture and appliance industry. The company occupies 16,000 square feet in Western Michigan and maintains a seasoned workforce of 15-20 employees. It prides itself on excellent customer relationships as well as well-maintained equipment including grinders, saws, lathes, wire EDM, CNC machines, tryout presses, forklifts and welders.
The company owes $1.5MM to the bank, and is having a cashflow crunch. Cash is running short and the time to act is now.
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