Control Buyout – Private Seller
Siemens Laserworks, Inc. (the “Company”), based in Saskatoon, Saskatchewan, is a specialist fabricator in laser cutting, braking, punching, machining, welding, alodine surface finishing and EMI gasket deposition services. The Company’s primary production focus centered on lean manufacturing concepts: the use of direct-flow manufacturing, Just-In-Time (JIT) production, Vendor-Managed inventory (VMI), Kanban replenishment and sequenced kit production. The Company is the low-cost provider of JIT, specialty steel fabrication services in Western Canada. The operational restructuring plan included a growth strategy to fill increasing demand, a new sales and marketing strategy. The implementation of the plan increased cash flow two-fold in the first year.