MIDWEST-BASED PLASTIC INJECTION MOLDER

Midwest-Based Plastic Injection Molder

This Midwest-based custom injection-molding company manufactures plastic components for longtime, repeat customers in a diverse variety of industries, including the military. Its consistent investment in cutting edge manufacturing technology, exceptional focus on quality, ability to manufacture to tight tolerances and dedicated workforce have allowed it to attract a loyal customer base with virtually no sales effort beyond word of mouth. In addition to injection molding, it provides engineering assistance, insert molding and assembly. The Company has capacity for growth, which could be enabled by a greater focus on sales and marketing. Its long-term government contracts, IATF certification and record of customer retention – some for more than 15 years — make it an excellent investment opportunity.

GROWTH OPPORTUNITIES

Quality Achievements — Ability to manufacture to extra-tight tolerances, unwavering commitment to prevent manufacturing errors and detailed quality assurance process allow the Company to retain customers with highest quality standards.

Technology — Company has long invested in new technology, including robotics, which has enabled it to
maintain a lean operation with high efficiency and precision.

INVESTMENT HIGHLIGHTS

Increased Focus on Sales — Current sales/marketing strategy is limited to following up on referrals and providing current customer needs. A dedicated sales team, representing the Company in the field, is a clear opportunity for growth.

Capacity for Growth — Company has dedicated employees, room for growth and top-notch equipment but currently operates at less than full capacity.

Underutilized Specialties — Company could win new business by better promoting its CNC capabilities and other value-added opportunities

New Products — Several potential new products are currently under development to join the multiple products the Company already manufactures.

3-Year Average Revenue:         $3,500,000  

3-Year Average EBITDA:           $190,000                       

NORTON SHORES PLASTICS MANUFACTURER ACQUIRED BY GRAND HAVEN PLASTICS FIRM

NORTON SHORES PLASTICS MANUFACTURER ACQUIRED BY GRAND HAVEN PLASTICS FIRM

GRAND RAPIDS, Mich. – April 15, 2021 – NuVescor Group is pleased to announce the successful sale of Seabrook Plastics, Inc., to Molding Solutions, Inc.

Seabrook Plastics, operating in Norton Shores, Mich., is a custom injection-molding company that manufactures plastic components for longtime, repeat customers in industries including automotive, military and beverage.

Molding Solutions, based in Grand Haven, Mich., offers plastic injection molding, product development, engineering, assembly, tooling management and development, and product development assistance.

Founded in 1994, Seabrook Plastics has operated at its current location, 1869 Lindberg Drive, Norton Shores, for its entire 27-year history. The Company’s consistent investment in cutting-edge manufacturing technology, exceptional focus on quality, ability to manufacture to tight tolerances and dedicated workforce have allowed it to attract a loyal customer base. In addition to injection molding, it provides engineering assistance, insert molding and assembly.

Among its many manufacturing technology investments are advanced central drying and material conveying systems – features not normally seen in a shop of its size. The systems work together to ensure raw materials are processed and distributed directly to individual machines. A custom piping network transports materials from the drying system to the shop floor, ready to use. This technical process reduces waste, eliminates costly downtime, and lowers overall process costs.

The Company utilizes a scientific molding process that allows it to manufacture parts with extremely tight tolerances. Such capabilities are key to serving industries like the military. Its quality record and IATF 16949 certification have been achieved through rigorous employee training and certification, real-time internal process performance monitoring, complete lot traceability, and the use of automated vision inspection and testing systems.

Molding Solutions, with operations at 1734 Airpark Drive, Grand Haven, is known for its flexibility, quick response and direct approach to projects and support. The Company, which is ISO 9001:2015 certified, utilizes both electric and hydraulic horizontal presses as well as vertical and rotary platen presses for custom molding and insert molding.

Seabrook Plastics was assisted in the transaction by NuVescor Group.

About Seabrook Plastics, Inc.

Seabrook Plastics, operating in Norton Shores, Mich., is a custom injection-molding company that manufactures plastic components for longtime, repeat customers in industries including automotive, military and beverage. The Company, founded in 1994, is known or its consistent investment in cutting-edge manufacturing technology, exceptional focus on quality, ability to manufacture to tight tolerances and dedicated workforce.

About Molding Solutions, Inc.

Molding Solutions, based in Grand Haven, Mich., offers plastic injection molding, product development, engineering, assembly, tooling management and development, and product development assistance.

About NuVescor Group

NuVescor Group, based in West Michigan, is a distinguished mergers & acquisitions service company that partners with other professional service providers to provide the full array of disciplines needed to have successful and timely business transactions. NuVescor works within many different industries and has a strong focus and track record specifically in the manufacturing sector. NuVescor utilizes a proprietary proven process that greatly increases the success rates for business transactions as well as the customer experience. For additional information, please visit www.nuvescor.com.

JENISON, MICH., DIE CUT MATERIALS FIRM ACQUIRED BY ROCKFORD, ILL., COMPANY

Jenison, Mich., die cut materials firm acquired by Rockford, Ill., company

GRAND RAPIDS, Mich. – March 19, 2021 – NuVescor Group is pleased to announce the successful sale of Dienetics, Inc., to Excelsior, Inc.

Dienetics provides engineered die cut materials tailored to meet its customers’ applications in many industries including automotive, appliance, medical and office furniture.

Excelsior is a manufacturer of custom gaskets, washers, seals, insulators, packings, shims, protective covers, and other precision parts from both synthetic materials and thin gauge metals.

Dienetics, located at 2206 Pine Ridge Drive, Jenison, Mich., was founded in 1955. The Company’s expertise in both die cutting and die making services means it can provide its customers with rapid prototyping, design resolution, accelerated production and reduced time to market. From project conception to delivery of engineered parts, Dienetics’ capabilities go far beyond engineering, including services such as sorting, packaging, light assembly and hot-melt gluing. The Company can work with materials including foams, fibers, plastics, adhesives, board and fabrics.

Dienetics’ operations consist of about 10% die making and 90% die cutting, mostly for the auto industry. In the automotive realm, Dienetics is a Tier 1 and Tier 2 supplier of steel rule die cut foams, fibers, paperboard and plastics used in applications such as sound-deadening and reinforcement materials for vehicle headliners, visors, doors, engine compartments and trunks.

Excelsior, located at 4982 27th Avenue, Rockford, Ill., has been operating since 1916. Over its 105-year history, it has developed the sophistication required to deal with large international OEM manufacturers while retaining the scale and personal service valued by companies of all sizes.  Whether it is a standard part for a household consumer product or proprietary piece for an aerospace company, Excelsior designs, prototypes, and manufactures parts that meet its customers’ exact specifications.

Dienetics was assisted in the transaction by NuVescor Group, a mergers & acquisitions service provider, based in West Michigan. Nuvescor partners with other professional service providers to provide the full array of disciplines needed to have successful and timely business transactions.

 

About Dienetics, Inc.

Dienetics provides engineered die cut materials tailored to meet its customers’ applications in many industries including automotive, appliance, medical and office furniture. The Company’s expertise in both die cutting and die making services means it can provide its customers with rapid prototyping, design resolution, accelerated production and reduced time to market.

About Excelsior, Inc.

Excelsior is a manufacturer of custom gaskets, washers, seals, insulators, packings, shims, protective covers, and other precision parts from both synthetic materials and thin gauge metals. It works with a wide range of materials, including rubber, plastics, cork, insulating material, felt, foam, sponge, and non-asbestos compressed material.

About NuVescor Group

NuVescor Group, based in West Michigan, is a distinguished mergers & acquisitions service company that partners with other professional service providers to provide the full array of disciplines needed to have successful and timely business transactions. NuVescor works within many different industries and has a strong focus and track record specifically in the manufacturing sector. NuVescor utilizes a proprietary proven process that greatly increases the success rates for business transactions as well as the customer experience. For additional information, please visit www.nuvescor.com.

ELECTRONIC PROCESSING SOFTWARE PROVIDER

ELECTRONIC PROCESSING SOFTWARE PROVIDER

This nationwide Company has developed proprietary software and processes for paperless, electronic management of sensitive data that is embraced by customers across the United States. This Company has created phenomenal and steady sales growth that has made them first in their service niche. The Company’s affordable, efficient, easy-to-use, secure, web- based product is authorized to directly integrate with the database of a federal agency in its field. The proprietary software provides for complete electronic management, from origination, to resolution. The Company’s faithful customer base of governmental entities includes more than half the U.S. states, hundreds of counties and municipalities, plus numerous national and state level professional organizations.

GROWTH OPPORTUNITIES

Market share potential –This Company has seen an exponential growth rate, with some years exceeding 35 percent. Its growth potential is nowhere near capped. With a market of over 20,000 clients, only 5,000 are currently using the Company’s software and process.

Industry leader — In a field with high industry entry barriers, competitors have demonstrated the lack of ability to match the Company’s service level and price. The greatest sources of new business are customers dissatisfied with an outdated competitor’s product.

Strong reputation — New sales are driven primarily by word of mouth from loyal customers rather than marketing.

INVESTMENT HIGHLIGHTS

Customer loyalty – The Company has a national customer base that is gained primarily through strong reputation, treating clients with respect, and providing clients with a product they can afford. Over 10+ years the Company maintains a very strong customer retention record. State contracts have always been renewed.

Unique solution — The Company offers proprietary software and processes, which enables customers to directly integrate with the database of a federal agency. This allows customers to work efficiently, reliably, and securely. What previously took days to complete, now only takes minutes.

Spot-on software – With extensive knowledge of proprietary software, processes, and user needs, the Company offers its product to customers, enabling them to do their jobs efficiently, reliably, and securely.

 2019 Revenue: $1,850,000
2019 EBITDA: $1,300,000

WEST MICHIGAN DIE CUT MATERIALS FIRM ACQUIRED BY ILLINOIS COMPANY

West Michigan Die Cut Materials Firm Acquired by Illinois Company

GRAND RAPIDS, Mich. – March 19, 2021 – NuVescor Group is pleased to announce the successful sale of a West Michigan die cut materials firm to an Illinois company which provides similar products.

The West Michigan firm provides engineered die cut materials tailored to meet its customers’ applications in many industries including automotive, appliance, medical and office furniture. In the automotive realm, the Company is a Tier 1 and Tier 2 supplier of steel rule die cut foams, fibers, paperboard and plastics used in applications such as sound-deadening and reinforcement materials for vehicle headliners, visors, doors, engine compartments and trunks.

The Illinois company is a manufacturer of custom gaskets, washers, seals, insulators, packings, shims, protective covers, and other precision parts from both synthetic materials and thin gauge metals. It works with a wide range of materials, including rubber, plastics, cork, insulating material, felt, foam, sponge, and non-asbestos compressed material.

 

About NuVescor Group

NuVescor Group, based in West Michigan, is a distinguished mergers & acquisitions service provider that partners with other professional service providers to provide the full array of disciplines needed to have successful and timely business transactions. NuVescor works within many different industries and has a strong focus and track record specifically in the manufacturing sector. NuVescor utilizes a proprietary proven process that greatly increases the success rates for business transactions as well as the customer experience. For additional information, please visit www.nuvescor.com.