Industry Standard In Industrial & Medical Thermal Technology

Business Overview:

Leading manufacturer of temperature systems for Industrial, laboratory and medical applications posting 15% growth year-over-year. The business has built an impeccable reputation through decades of experience in the design, manufacture, service, and support of a wide range of Laboratory and Industrial Temperature products. A full range of unique solutions for customer thermal applications.Global revenue of $1,911,286 from a broad market presence in Manufacturing, Academia, Medical, Laboratory, Food & Beverage as well as customers from some of the world's largest Fortune 500 companies. The current sales mix consists of 76% Industrial and 22% Medical related and 2% academia. 9% of sales are niche high-margin products.These niche temperature systems play a crucial role in ensuring accurate, stable and repeatable temperature environments for a wide range of end user applications. The operational characteristics of these systems provide many benefits over traditional ovens and furnaces. Growth potential in new applications within a wide array of manufacturing, testing, academic and service industries.These products are sold to direct end users as well as to distributors, dealers, and manufacturers reps throughout North America with a growing presence and demand for them throughout the world. The product line currently consists of eight Fluidized Temperature Bath models and two Dry Block Temperature Calibrators. The products and services focus on core manufactured temperature systems that provide a stable and uniform temperature environment for a host of applications with a few key ones listed here.  Thermal cleaning and removal of any organic material from metal parts, tooling and hardware. Heat treatment, forming and shape setting of devices and fixtures related to implantable medical devices. Heating and cooling of reactors used in analytical chemistry and biomass projects. Precision annealing, hardening and tempering of metals and components. Calibration and testing of all types of temperature sensors and systems. NIST traceable calibration services for Dry Block Temperature Calibrators and temperature sensors and thermometersGrowth potential in new applications and expanded market reach within many industries and end user applications. Providing safer and more efficient cleaning applications. This is a perfect opportunity to capitalize on the growth trajectory of the business or acquisition for add-on niche service. The product line could be further enhanced, and market reach increased by adding automation and user interface upgrades to the product lines. An organization with a marketing team could easily expand the market reach of these systems especially on the export side.

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Property Features and Assets:

The business occupies (2) adjoined buildings which are on a year-to-year lease basis. Industrial flex property space and light manufacturing.

Market Competition and Expansion:

Niche specialty business with superior products serving a vast array of industries. Competition consists of large US distributors and German based distributors/manufacturers. Well positioned in the market as a result of superior products and service.

Reason for Selling:

Retirement

Additional Details:

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