This business is embedded in the man-made fiber industry. In business for over 40 years, they supply equipment and equipment maintenance to fiber producers worldwide. Over 30% of the sales are overseas. With no domestic competition and few foreign competitors, they have established themselves as the quality manufacturer for the industry.
All equipment is designed by in-house engineers and assembled at their 30,000 sq ft factory. In addition to providing process equipment, they also offer seminars and process consulting. Many customers utilize their facility to test and qualify configurations. From approximately 100 select customers, a steady backlog of over 60% of sales assures continued success. Minor components are outsourced to local support businesses with specially designed core components manufactured in-house. A $1 million active inventory supports sales and customer’s equipment maintenance.
The owner wants to retire and reduce his daily schedule to spend some time traveling. He will remain for an extended time to assist with an orderly transition of the business. The real estate is not included in the price for the business but can be purchased for an additional $1.2 million.