Looking for a buyer.
Our client engages in sales of new and used die casting and foundry related machinery. They manufacture and sell their own new machines and buy and sell used machines. Our client offers two interrelated companies as part of this sale. Together, these companies offer new industrial machinery and equipment as well as used die casting machines, equipment, and industrial machinery. The machinery and equipment are used in a wide variety of industries and have a large customer base. Our client’s pricing and ROI are highly competitive, which has resulted in consistent growth for both entities. They conduct business globally, in over 30 countries on 5 continents. Our client manufactures and sells their own new machines, and they buy and sell used machines. They are a reseller of used die casting machines, die casting equipment and industrial machinery. Along with used die casting machines, our client offers industrial components such as die sprayers, ladles and extractors, multi-slides, trim presses, CNC machines, furnaces, robotics and more. On the “new machine manufacture” side, our client subcontracts the building of steel structures and frames. After frames come in, our client adds electrical, hydraulic, and pneumatic systems and then programs the machines. At the moment, a substantial portion of our client’s projects are for new large industrial furnaces. This is a very attractive niche market because of the wide variety of uses. Such uses include use by foundries, permanent molding facilities, gravity casting companies, lost foam casting, centrifugal casting, extrusions, ingot making manufacturers, scrap recycles, anodes castings manufactures and any companies melting aluminum or zinc. New equipment is very expensive, so our client offers secondhand options as well which are very attractive for buyers. This “new or used” has been a successful strategy: the Company is growing consistently, and sales have increased and continue to increase, even during and immediately following COVID. NDA is required to secure comprehensive Confidential Information Memorandum (CIM) crafted by ProNova Partners. Growth/Expansion: In CIM Financing: Seller does not wish to finance Support & Training: Provided at no charge to enable a smooth transition Reason for Selling: Other projects
Toronto, ON, Canada
Toronto, ON, Canada
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