Acquisition Opportunity M-1772

PLASTIC COMPOSITE FABRICATOR

This company is a custom plastic composite fabricator founded over 30 years ago.  The company specializes in relatively low volume complex shapes and designs for industry.  The company manufactures custom-made fiberglass and ABS plastic products that range from simple trash receptacles to more complex forms such as truck caps.

While the majority of its products are produced by Hand Lay-up and Spray-up, the company also manufactures utilizing Resin Transfer Molding (RTM) and Vacuum Forming.

 INVESTMENT HIGHLIGHTS:

·        Superior customer base, blue chip companies

·        New customers providing dramatic growth now and provide future opportunities

·        Low equipment requirements allows for high growth without large capital outlays

·        Industry niche of low to moderate volume provides excellent margins, reduced competition

·        Owner will be available for a smooth transition and consulting

·        Growing industry

·        Quarter ending 6/30/03 had sales of $688,000 and EBDIT of $48,000

 PURCHASE PRICE: 

Offering price is $550,000 structured as an asset sale: based upon current assets and assumed payables (buyer to assume) with a net value of $220,000 (the price will be adjusted up or down at closing based upon the change in these values at closing).  All equipment is included (estimated value $100,000).  The real estate is for sale at $400,000.

                                                                                                                                        Current Assets & Liabilities Included