Auto Parts Engineering Company was acquired by Owner Operator
This manufacturing business was established in 1990. They manufacturer a wide range of products as replacements and upgrades for OEM (factory) Rubber bushings, mounts and parts. Each of their products is specially formed to exact specifications for resilience, performance and durability for the specific application.
Their products are distributed through Auto parts stores through the U.S. The manufacturing facility is about 17,000 sq, feet and is located in the Inland Empire. They also have a 20,000 sq. foot warehouse in Orange County. They will be relocating the warehouse close to the manufacturing facility. This will result in substantial savings to the bottom line (over $250,000 per year). Seller is retiring. He is willing to stay on for a short period of time for smooth transition.
Cash Flow: $500,000 Sales: $5,100,000
Acquired the Assets of
Auto Parts Engineering Company
Auto Parts Manufacturer
Successfully Transacted the Deal for the Client