Hot Listing
Specialized Metal Cutting Tool Manufacturer
Business Description
Innovative / Precision Engineered Tooling Solutions
With over a century of expertise, the Company stands as a premier innovator and trusted leader in the cutting-tool industry. The firm is renowned for its precision-engineered reamers and specialized tooling solutions that set the standard for quality and reliability across a broad range of industries. In operation since 1918, it is known for its expertise in crafting precision reamers and other cutting tools tailored to specific industry applications. Its long history of success combines state-of-the-art CNC machining with proven manual machining techniques and a wide range of manufacturing capabilities, serving a broad range of industries, emphasizing reliability, quality, customization, and performance. Its long-tenured customer base includes diverse industries such as automotive, power-generation, ship building, aerospace, railway, farm equipment, machine tools, plastics, firearms, musical instruments, and many others. Cutting tool buyers (direct, private-label and through integrated suppliers and distribution channels) range from the very large (US military and Fortune 500 businesses) to the very small (personal use). The Company sells globally, but the majority of its customers (approximately 90.0%) are in the US with a focus on specialized reamers and other cutting tools while also carrying a line of standard high speed steel reamers that includes taper pin and die maker reamers, Morse and automotive taper reamers and chucking and stub-length tools. In 2021, the Company began a product line expansion to include more industry-specific reamers to highlight its wide range of cutting tool expertise, capabilities and versatility. Offering Prospectus available upon execution of a Non Disclosure Agreement (NDA).
About the Business
- Number of Employees
- 15
- Facilities & Assets
- 10,000 leased FT2 of office and manufacturing space (2,000 FT2 is dedicated office space; balance is manufacturing space). Manufacturing space is used for engineering, part production, quality testing, and storage space for both raw materials and finished goods. Equipment includes new state-of-the art CNC OD grinding machine, a plant compressor, several smaller/specialized manual machines in its Cutter Grinding department (both manual and CNC turning), milling, grinding and tool & cutter grinding machines and a full complement of inspection equipment.
- Market Outlook / Competition
- The High Speed Cutting Tools market is estimated to be $6.81B and is anticipated to grow by 3.0% during 2025. Growth is driven by the increasing demand from several end-user industries, (automotive, aerospace, others). Compared to other cutting tool types, there is limited competition in the niche of high speed steel and cobalt reamers, and the niche itself is broken up in ranges from mass produced, high volume, lower cost and quality to specialized, smaller volume with higher costs and quality. The Company occupies the latter side of the range.
- Opportunities for Growth
- The Company manufactures a diverse range of specialty cutting tools, prioritizing quality/high price over high volume/ low price. Its market has been passive, relying on potential customers to discover its products with minimal outreach. Investing in outbound marketing strategies and smart, cost-effective automation would enhance efficiencies and open doors to higher volume markets. The company's facility is well-equipped to support growth, with unused shop floor space and the potential to relocate offices/conference rooms to the unused second floor.
Real Estate
- Owned or Leased
- Owned
- Included in asking price
- Building Sq. Ft.
- 10,000
About the Sale
- Seller Motivation
- Desire to pursue other interests.
- Transition Support
- Owner willing to stay on after sale for a period of time to ensure smooth transition of the business.
- Financing Options
- Seller financing will be considered
Listing Info
- ID
- 2380244
- Listing Views
- 2917
Attached DocumentsAttachment Disclaimer
Listing ID: 2380244 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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