Rapidly Expanding Tier 2 Automotive Supplier

Business Overview:

Made in America - ISO 9001:2015 Certified - Includes $3M in Assets

The company is an approved Tier 2 supplier to the automotive manufacturing industry specializing in the production of plastic components for the North American automobile and heavy duty truck markets. They are filling a void left in the industry by the closing of a previous automotive supplier in their segment. The foundation and investment have been put in place the past couple of years for long term success. The company is in the final stages of procuring additional long-term contracts /purchase orders after passing durability testing and expects revenue to possibly triple in 2025 to $5-$7M leading to profitability by mid-year. Production is currently running two shifts and in the process of adding a third. The reason for sale is recapitalization of the balance sheet due to the health issues of one of the owners and investment in infrastructure to meet demand being requested of them.

With over 1,750 manufacturing plants and growing, Texas ranks No. 7 in the US in total automotive employment. Texas’ competitive labor costs and strong productivity in auto manufacturing has cemented the state as the most cost-efficient auto region in North America. While the company is poised for significant growth in the near future, the owners are selling for recapitalization as initial start up was more costly than anticipated. The remaining management team (owners) are willing to stay on post transaction. Although the company is relatively new, the management team has over 100 years of experience in the plastics manufacturing industry and could be expanded to other types of vehicles and industrial markets.

This is structured as an asset sale and is neither an offer nor a solicitation to sell securities.

Employees: 25
Furniture, Fixtures, & Equipment (FF&E): Included in asking price
Support & Training: Seller will negotiate a transition period
Reason for Selling: Growth Recapitialization

To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.

Reason for Selling:

Additional Details:

Relevant Links:

• View more Texas businesses for sale
• View more Businesses For Sale in the same industry
• Sell a business online
• Find a business broker