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The founders began the Company in the 90’s, providing high quality manufacturing plastics user of thermoformed for Fiber Cans, Tubes, Drums, and Similar Products consisting of high quality, heavy gage plastic. The company has the only plastics on the market with a reinforcement product. The Company products are made with a unique blend of plastic pellets that are not proprietary, but do involve trade secrets. The customers are within the transportation of container and waste industry.

In 2016, the Company yielded $23MM in revenue with Adj. EBITDA of $2.5MM. The Company is on track to achieve $25MM in revenue with $3.0MM Adj. EBITDA for 2017. In 2013 significant investment in infrastructure. The core of the management and operational team that provides the day to day successful operation for the Company will remain after the transaction takes place with just the owner leaving as soon as practicable when the new president is up and running post closing. The Company has developed a total portfolio of container parts and systems representing 500 different SKU’s plus assemblies to serve over 1,400 separate customers and OEM locations across the country and internationally. The broad product portfolio, national account coverage and customer service has allowed the Company to gain market share.

MBBI Member
Asking Price
$10,000,000
Gross Revenue
$25,000,000
Cash Flow
$3,000,000
State(s)
Illinois
Is this a franchise?
No
Home Based?
No
Can the business be relocated?
No
Number of Employees
55
Facilities
Free standing over 100,000 sq. ft. building with room to expand an additional 85,000 sq. ft. Owner owns building.
Reason for Selling
The owner has other ventures he wishes to pursue and likes to keep things simple. The Company is growing past his comfort and he is looking at spending more time with his family.
Market Outlook Competition

The target market for this company is the waste, automotive, restaurant equipment industry. The waste industry generates revenues estimated at $139MM and this company has captured 15% of this space. The Company believes the industry is controlled by two competitors and they are the third largest company in this industry. The balance of their competitors are Mom and Pop businesses. The Company believes that potential customers total 15,000 companies and they sell their product to 9% of those companies. The Company does not utilize outside independent Reps but calls directly on all accounts. They utilize distribution in Canada and now on the west coast to provide more consistent market coverage. The Company has established a very good customer service reputation in the industry and believes that direct interaction with the customer is critical.
Facilities

EBITDA
$3,000,000
Real Estate Included?
Yes
Equipment Included
Yes
Inventory Included?
Yes
Name
Todd Cushing
dealmart1.jpg 2 months ago
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