Description:

The company is an is an Original Equipment Manufacturer (OEM) of rigid foam structural products, fiberglass reinforced panels, and glass and foam pre-forms for recreational boat builders.

Key Aspects:

Average gross profit margin of 24.6% from 2019 through 2022
Diverse product offerings
Strategic alliances with key suppliers
Exclusive agreements with top customers
Experienced, highly-knowledgeable staff
Efficient manufacturing procedures with an average lead time of three weeks

Opportunities:

Establish a sales and marketing team to gain a greater market share
Continue to release new products to attract new customers, further drive revenue, and boost margins
Expand the company’s geographic footprint to include areas it wishes to be competitive in

Headquartered:

Southeast US

Current Markets:

The company serves recreational boat manufacturers (90%), distributors (8%), and CNC fabricators & architectural manufacturers (2%) in the Southeast US.

Real Estate:

The company operates from a 13,500 sq. ft. facility owned by the business. The owners would prefer to include the real estate in the sale.

Shareholder Ownership:

The company is owned by four shareholders, one of which is active in the business. The owners are seeking exit strategies to pursue retirement. All shareholders are in agreement with the planned sale.

Benchmark International

Benchmarks Exclusive Opportunities

Reputable Manufacturer of Foam and Composite Products – BM006010

Reputable Manufacturer of Foam and Composite Products – BM006010

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