ASSET SALE! A premier manufacturer of agricultural planters with an emphasis on performance and quality. Offers top performance planters with 99% accuracy at high speed. Three base models can be assembled in multitude of ways. They have filed for patents to protect inventions created by the company. Unique products that differentiate from competition and have clear advantage. Seller is willing to stay in the company as a partner.
Located in Eldora, IA. totaling over 150,000 SF including 5-acre for equipment testing. Has substantial office space and living facilities, 6 double bed guest rooms that can accommodate visitors for sales and training. Is well equipped for heavy-duty work, with all utilities as well as egress ramps and large entrances for material and machinery flow. All equipment for manufacturing is in place.
Food and agribusiness is a $5 trillion global industry. Acceleration in Technology, specialization in agricultural production, consolidation of farms and lack of labor will positively affect this industry and drive larger and more efficient machinery to the forefront. In addition to the USA market, there is an opportunity to capture the growth potential markets of Russia, Ukraine, Brazil, etc.
Management has been focused on product development and on improving the manufacturing process. Sales are domestic and international, with bigger potential in international markets due to their flexible & patent design. Is important to note this company was geared for 50% of their sale for export, therefore all products were designed with modularity and adaptability.
Seller wants to retire.
4 weeks at no cost to the buyer. Seller is willing to stay in the company as a partner.