Engineering companies for sale

View the "Long established manufacturer of high quality specialist tooling" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.
 

 A great experience – we had more buyer enquiries through Daltons and the exposure was invaluable to the eventual sale 

Brian Marshall (May 2014)
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Leasehold Price: Offers Invited
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Business Description
Business Overview

Vexus is exclusively retained to find a purchaser for this market leading and specialist abrasive & cutting tool manufacturing business.

For over 47 years, our client has provided high quality and specialist tooling to a number of long term clients based in the UK and overseas. The customer base consists of a widely diversified range of industries, using a multitude of different work materials, giving our client a broad understanding of how their specialist tooling can benefit many sectors.

The business continues to deliver a range of tools and services to meet their clients’ specific needs and we have received instructions to find an acquirer who can take this long established business forward.

“Specialist UK tooling manufacturer since 1968”

As a leading manufacturer and supplier of high quality, specialist abrasive tooling, the business employs 9 staff and is run on a day to day basis by the existing management. The business operates out of leased premises of approx. 7,000 Sq. ft. and is based in England.

From the very beginning, our client has always maintained the highest standards in the quality and consistency of their products. Their qualification in the UK Quality Management Standard BS5750 Part 2 was awarded on first application in 1992, followed by the updated Quality Standards ISO9002 in 1994, ISO9001 in 2000 and ISO9001:2008 in 2008 at the first reviews.

The Opportunity

Our client seeks the outright sale of the business. Ideally the purchaser will be an existing engineering or tooling manufacturer with the appropriate expertise and synergies to take this business forward and to the next level. The acquisition of this business offers a unique opportunity to enter or expand within this specialist tooling manufacturing sector.

• Trusted brand established for over 47 years.
• Valuable base of repeat customers
• Market leader in abrasive tooling manufacture
• High levels of repeat business
• Business rich with intellectual property
• ISO9001
• The Company has no debt.
• Business not dependent on existing owner

Reason for Sale

The business has been operated by our clients since 1968. Our client is now planning for full retirement and a complete exit from the business. We are seeking a suitably qualified and experienced trade purchaser who can grow this business and maximise the market opportunity our client has created. A handover period will be provided for a duration to be agreed.

Summary

This is a rare opportunity to acquire a well-established and internationally recognised specialist tooling manufacturer. The Company is debt free and offers an excellent acquisition opportunity for an existing tooling manufacturer, distributor or business looking to enter the tooling marketplace with an established brand and market reputation.

Price

We are inviting offers from qualified buyers for the shares in this established business.

The Next Steps

On completion of our signed non-disclosure agreement, qualified buyers will receive further information and financials on this business. We recommend a meeting with the vendors at the earliest opportunity to avoid disappointment.
Tenure: Leasehold

Listed by: BuyMyBiz
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VEX00835
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