Control Buyout – Private Seller
Manufacturers Products Co, (the “Company”), based in Warren, Michigan, was a $20 million OEM automotive stamper, with 65% of its business from Ford, 25% with GM, and 10% with other manufacturers. The operational restructuring plan required an upgrade and modernization of the IT system, a Deming based Just-in-Time manufacturing and shipping process, as well as a revamp of the tool maintenance systems. Our relationship with Ford facilitated the transaction and provided the Company with a 3-year Tier 1 supply agreement. Four years after the purchase, sales increased to $33 million, inventory turns increased from 8x to 12x, and the business was sold.