NICHE MFR/FABRICATOR OF INDUSTRIAL ELASTOMERIC EXPANSION JOINTS & RUBBER PRODUCTS

REVENUES: $2,500,000

    EBITDA: $500,000

This long-established business enjoys an excellent reputation as a specialty manufacturer of elastomeric expansion joints and connectors for large and small industrial businesses. Products sold include expansion joints (turbine-to-condenser connectors), flexible connectors and mechanical packing along with custom molded rubber products. Services provided include turnkey condenser installation, on-site splicing and retrofitting plus inspection and oversight services. Products are sold to various industrial sectors including Power Generation, US Navy and commercial shipbuilders, Paper Mills, Cement Plants, Forging, Stamping and Custom Molding.  Reasonable turnaround times, along with competitive pricing are available on standard and custom manufactured items. There are approximately 200+ domestic and international accounts with 60-75 active in any one year. The business employs a stable, knowledgeable, and well-trained staff. Sales are driven mainly from repeat accounts and also generated through the company’s web page and referrals. The company typically operates on a 4 day/10-hour work schedule, with the office open 5 days. There are a total of 15 employees  including the owner, 1 Project manager, 1 office manager, 4-5 service techs plus 7 manufacturing/plant employees. Company is certified to ISO 9001:2015 quality management system. There is no customer concentration. Non Union. The company leases 10,000SF of manufacturing space which also includes 1000SF of office space. Owner wishes to retire and is available for a 12-18 month transition.