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.

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.

NATIONAL SPECIALTY CLEANING PRODUCTS MARKETER AND MANUFACTURER

National Specialty Cleaning Products Marketer and Manufacturer

This Company has nearly 30 years of experience manufacturing and marketing specialty consumer cleaning products which it sells to major national and regional retail chains as well as ecommerce accounts. Its products are available in a wide variety of wellknown home improvement, hardware and grocery stores throughout North America. The Company has numerous recommendations from major household appliance manufacturers. Since launching the business with a single, narrowly focused product, the Company has expanded its offerings and built on a 20 million plus sampling program and its strong brand to grow sales in a large and competitive industry.

GROWTH OPPORTUNITIES

New products in pipeline – Impressive array of cleaning products is growing as the Company continues research and development. Growing distribution Continuing growth in retail distribution of current available products.

Available capacity – The Company has the manpower, space and equipment to serve more customers which could be accomplished by greater emphasis on sales and marketing.

INVESTMENT HIGHLIGHTS

Dominating its niche – The Company’s main specialty cleaning products are top sellers in the major home improvement stores and other retail outlets where they are sold.

High profile online – Products have strong sales and reviews on Amazon.

Customer service – The Company supportits products with a tollfree consumer hotline Monday through Friday and 24/7 with an online link on website featuring cleaning tip sheets and highquality videos demonstrating how to best use its products.

TTM 11/30/20 Revenue: $8,000,000
TTM 11/30/20 Adjusted EBITDA: $1,050,000
TTM 11/30/20 Strategic Buyer EBITDA: $1,700,000

MIDWEST ENGINEERED DIE CUT MATERIALS MANUFACTURER

Midwest Engineered Die Cut Materials Manufacturer

This distressed Midwest company provides engineered die cut materials tailored to meet its customers’ applications in multiple industries including automotive, appliance, medical and office furniture. Its expertise in both die cutting and steel rule die making services means it can provide customers with rapid prototyping, design resolution, accelerated production and reduced time-to-market. The Company can work with a variety of materials including foams, fibers, plastics, adhesives, paperboard and fabrics. It has partnered with top automotive Tier 1 and Tier 2 companies for 30 years. Current automotive applications include sound-deadening and reinforcement materials for vehicle headliners, visors, doors, engine compartments, and trunks.

GROWTH OPPORTUNITIES

Sales/marketing – Lack of formal marketing and unsuccessful outsourcing of sales have led to stagnant new business development. With an active sales team, growth could be very quick.

Untapped potential – Even before the COVID-19 outbreak, the Company was operating on one shift at about 40% capacity. Its current facility is capable of housing significant growth in production volume.

Skills and experience – The two dozen employees have an average tenure of 13 years with the Company, providing the experience needed to serve and retain new customers. Additionally, the existing management team is very capable.

INVESTMENT HIGHLIGHTS

Strong reputation – The Company’s attention to performance and customer service have paid off in repeat business and prestigious awards including GM Quality Excellence for multiple years running.

Demonstrated excellence – The Company carries certifications in IATF 16949, ISO 9001 and ISO 14001.

Collaboration – Many years of experience and a focus on ensuring that products and solutions meet customer standards have built their reputation as a collaborative partner.

2019 Revenue: $4,600,000

2019 EBITDA: $125,000

2020: YTD revenues have continued to trend downward with increasing capacity for additional business.