NATIONAL LEADER IN METROLOGY TOOL PRODUCTION
TOOL PRODUCTION NVC2236
Quality Facilities – The Company operates from a spacious manufacturing facility equipped with technologically advanced production machinery. The plant is located on a large site with room for expansion.
Extensive Market Possibilities – The Company’s expertise is used in a wide range of manufacturing applications, including (but not limited to) automotive, marine power, nuclear, rocketry, defense, construction equipment, machine tools, automation, advanced manufacturing, power tools, directional drilling equipment, pumps, consumer products, fasteners, aerospace, medical, energy and agricultural industries, offering multiple avenues for new market penetration.
Margin Improvement– The Company has experienced a significant increase in labor cost since 2020 along with increases in supply and utility costs. Overall, the costs have increased by over 10% of sales which has caused an over $400,000 reduction in EBITDA. Price increases to offset these increased costs were implemented midway through 2022 with projected increases in 2023 from 10-30%. Further compounding the issue was hiring new people due to the ramp up in sales after COVID which significantly lowered productivity due to the training time required for these skilled manufacturing positions. The price increases and the normalization of skilled labor will help the Company return to profitability.
(616) 379-4047 Ext: 106