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This is a very profitable First Tier OEM manufacturer. Annual Sales reached $6.2M with Ebitda averaging close to $1.2M in 2011. The company has been supplying high margin specialty parts to large multinational manufacturers since the 50's. This is a third generation family business with the current owner ready for retirement.
Although a crucial element of their clients' manufactured goods, the company's parts represent a relatively insignificant cost for their clients. As a result, clients are willing to pay premium prices for the company products and continue to buy them locally.
The current owner has been focused on maintaining high margins assuring him a comfortable living lifestyle but has not been aggressively exploring growth opportunities. The company offers an opportunity to increase sales by also offering lower margin parts to current clients or similar parts to other manufacturers not currently served. While sales volumes have slowed during the recession period, they have been on an upward trend during the past fiscal year and profits returned to very healthy levels.
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