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Tuesday, August 30, 2016

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Distressed West Michigan Die Manufacturer

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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Well Established Tool and Die Business

This business provides manufacturing support services to the automotive industry and has built a loyal customer base throughout its 35 years of operations. The sellers own the 8,000 square foot facility in which the business operates are open to either selling or leasing in order to best suit the new owner’s circumstances. The business has a staff...

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