The company is an approved Tier 2 supplier to the Automotive Industry with several manufactured plastic products for use in US based cars and trucks. 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. The company is filling a hole left in the industry by the closing of a previous automotive supplier in their segment. Production is currently running two shifts Monday through Friday.
With over 1750 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 one of the owners has a health issue and 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.
