MIDWEST PLASTIC PRODUCTS AND MOLD MANUFACTURER
MIDWEST PLASTIC PRODUCTS
AND MOLD MANUFACTURER
This 27-year-old Midwest Company manufactures high-quality, plastic injection-molded components and plastic injection molds for original equipment manufacturers and suppliers in a broad variety of industries. Its ability to provide product development and production under one roof has won the Company a loyal, diverse base of customers in its manufacturing-rich home state. A change in management a decade ago has brought new investment in equipment and ISO/IATF quality certifications. With an experienced staff, modern equipment, and broad plastics capabilities, the Company presents opportunities for continued growth. The owners are willing to assist buyers through a reasonable transition period but wish to sell the business to focus on their other business.
Room for Growth – The Company’s facility is operating at about 50% of capacity.
Sales Focus– A recent review of the customer base revealed sales that were not profitable. Those customers have been removed and there is capacity for much higher profitability customers, which is reflected in the 2023 Forecasted EBITDA.
Wide capabilities – The Company offers its customers product development and manufacturing under one roof.
Modern facility – The Company has updated its equipment by adding new electric molding machines, automation and tool room equipment.
Industry certification – With ISO & IATF certifications in place, customers can be confident that products will meet high quality standards.
Experienced, knowledgeable staff – The technical staff has expertise in design, development and production of international quality products. Its top six managers have an average tenure of more than 10 years with the Company.
2021 Revenue: $12,200,000
2021 EBITDA: $50,000
2022 Revenue: $11,200,000
2022 EBITDA: ($153,000)
Forecasted 2023 Revenue: $7,500,000
Forecasted 2023 EBITDA: $750,000
Contact:
NuVescor Group
(616) 379-4047 Ext: 106
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