MICHIGAN LAMINATED WOOD PRODUCTS MANUFACTURER
Michigan Laminated Wood Products Manufacturer
This long-established Michigan company specializes in CNC machining of composite wood, plastics and nonferrous metals to produce high-quality decorative seamless 3D laminate products for a wide variety of applications including hospitality, furniture, store fixtures, medical, auto and architectural components. Its skilled and experienced staff turns creative, cutting-edge designs into exceptionally beautiful and functional products. The Company has the expertise and equipment to produce components in a wide variety of designs in virtually any size. It provides its customers total fulfillment, including machining, laminating, assembling, packaging and shipping. Quality control is well-established, with prior ISO certification and complete part traceability of orders.
GROWTH OPPORTUNITIES
Kick-starting sales — The Company currently is operating well under capacity as its marketing relies primarily on their reputation and current clients. Creating a sales operation to more actively pursue new business and leverage the Company’s sought-after capabilities could produce high rewards.
New products in the pipeline — The Company currently has new proposed projects under way with current and prospective customers.
INVESTMENT HIGHLIGHTS
Uncommon expertise — This company has rare capabilities within its industry, and little competition for its more advanced services. Potential competitors are discouraged by the complexity of mastering the processes and techniques, some of which are proprietary to the Company.
Experienced staff — Solid and long-tenured management team, most having a decade or decades with the Company.
Established customer base – Customers include some of the bigger names in their industries. Most are repeat customers and have been with the Company five years or longer. Very seldom is there a one-time customer or order.
Year 2014 2015 2016 2017 2018 2019
Sales $3,059,328 $3,276,733 $3,200,848 $2,949,225 $2,718,871 $2,127,774
Adjusted EBITDA $523,731 $526,922 $543,343 $359,895 $136,350 ($10,872)
An appraisal as of December 2019 gives fair market value of machinery and equipment of $722,400
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