Business Summary:
Company was founded in 1991 as a Design & Manufacturer of added value & replacement of established niche market Separation Products. Product Line expansion currently includes a full spectrum in this product group. Today this company is recognized as a leader in this field with worldwide recognition as a Design Manufacturer & Supplier of these products Internationally with sales in US, South America, Canada, Europe, Australia, Middle East & Far East. Owner has managed the company for growth which has self-funded two new product divisions. Over the last five years the product line has been expanded significantly in two highly established market Separation Product arenas for a total of Three Divisional Groups. Both product arenas compliment established core markets providing a market entrance avenue with substantial growth opportunities serving niche markets with limited competition worldwide. Foundations & Investments for these additional product growth arenas include: erection of manufacturing facilities, equipment, dies, brochures, marketing & highly industry experienced key personnel recruitment have only begun to tap its market potential with ‘09 sales in these two growth areas at 6 million dollars of a 500 million dollar plus worldwide market. Sales can now be increased further with Tooling Investments & Expanded Manufacturing capabilities capturing additional market share in areas once previously unable to produce. Acquisitions have narrowed market competition from 5 companies to 2 large dominant players with substantial opportunity for a third upcoming player of which has commenced. With larger company capital significant progress can be achieved at a fast pace. Company recently received $450k order from European Firm with One Million Dollar Order to follow with end user in Egypt. This is the new arena. Company currently occupies a single location & is positioned for international expansion.
The company owns one patent & has license on additional patent worldwide & western hemisphere license on one of its products from its core group. Negotiations finalized on license for patent from large worldwide recognized refining company with permission granted to utilize its name for marketing. Five years of research & development with long standing customer, an R&D Process Licensing Company at the threshold of emerging with multimillion dollar contracts pending in the foreseeable future for a specialized process with substantial industry potential. Company would be sole source supplier of Internals for this for this specialized process. Company is now also working with Research & Development Companies which will use a substantial amount of its products as a result of Cap-and-Trade.
Three years ago the company implemented MRP System at a significant investment tracking job cost & divisionalizing its structure. Company owns/occupies approx 70,000 sq ft on 6-½ acres. Has never had a year with decreased sales, except for 2009, which was only 2% off from 2008; 14 million dollars + revenue due to foundations established with growth potential. Company has illustrated ability to grow in a down market. Manufacturing Processes include: Wire Knitting, Resistance Welding, Wire Wrapping, CNC Turent Punch Stamping, Wire Extrusion, Metal Stamping, Tool-n-Die Operations, Roll Forming, etc.
Industries served include Petrochemical & Refining, Oil & Gas, Gas Processing, Pharmaceutical, Wastewater, Power & Utilities, Mining, Paper & Pulp, Food Processing, Steel Mills, Desalination Plants & a broad base of any industry with manufacturing processes requiring Design & Fabrication of Specialized Internals for their process.
Owner retiring with a long term, highly experienced, well positioned staff in place who has a vision to excel the company & maximize its potential.
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