This ISO9001-certified manufacturer of precision Swiss screw machine products with multi-industry market positioning and value-added proposition to its clients differentiates it from typical metal fabricators and machine shops. Approximately 30% of revenues are generated from subcontracted work in synergistic arrangements with long-term partners. With its in-house manufacturing expertise and its subcontracting alliances, 350 clients look to this business as a one-stop shop for screw machine products produced by mechanical Swiss, Escomatic screw machines and CNC machines.
Buyer has option to lease ($4,574/mo NNN) or purchase real estate ($650,000): 11,000 SF industrial building, zoned I (Industrial Park). The building has 1,400 SF of office and 9,600 SF of industrial/production area. 100% air conditioned, 600 amp electric service, 3 phase power, city water and sewer. Natural gas heat.
Business generation relies on (i) external network of commissioned sale reps and (ii) seven-decade-long reputation for expertise in manufacturing parts to client specifications across a range of metals. Plant is currently operating with two shifts.
Benefits from clustered and diverse manufacturing sector in Naugatuck River Valley.
This ISO9001-certified manufacturer now in its seventh decade of operation. Ownership shifted to a single decision maker in the second generation of the founding family (the “Seller”), who feels that Company’s stakeholders can be best served by a responsible transition of ownership at a time when its business is robust. In his current role as President, the Seller is open to staying on through a multi-year transition period in order to integrate into the operations of its new owner.
Will train for 4 weeks @ no cost ISO 9001-2015 certified (last audit was completed in October 2019). DDTC certified (Defense Trade Controls Compliance). In-house research and engineering capabilities that have allowed it to develop and produce applicable tooling and programming needed to set up and operate all of its CNC and Swiss machines to produce precision machined parts, custom produced based on customer’s specifications.