For over 60 years, US Cast has manufactured the highest quality American made cast acrylic tubes and rods at our 30,000 sq. ft. factory in Elmer, NJ, approximately 30 minutes from Philadelphia. Following the death of its founder in 2012, the surviving family invested capital and hired interim new management, improving the manufacturing facilities, production, quality assurance, logistics, and customer’s service. The company, formerly known as United Resins, was rebranded as US Cast, Inc., and continues to offer its products through its distribution channel of more than 750 customers.
Under the new leadership, US Cast created an online marketing presence, added membership and participation in the IAPD (International Association of Plastics Distribution), deployed manufacturer’s reps in select territories, and solidified its sales and distribution channels and major customer relationships. This has resulted in 20% growth in both customers and revenue.
While a niche player, there is only one US-based competitor, presenting a significant market share gain opportunity. Capacity exists to double the current revenue base. Additional modest investment could easily increase this further. Current employees are competent and capable of participating with the successful acquirer for reasonable timeframes and compensation. The company is located in an area where skilled and semi-skilled labor is available at reasonable rates.
The family owners desire to sell 100% of the business and property. US Cast would make a perfect acquisition for:
An individual who would like to own and operate their own business. Included for sale could be a house located adjacent to the property at 317 Willow Grove, Elmer, NJ
An international maker of acrylic rods and/or tubes, looking for US Manufacturing, logistics, or new distribution channels & customers
A company making other plastics or acrylic products, including extruded materials, who can complement their product portfolio with US Cast’s products.
US Cast enjoys relationships with 750 customers. 170 of these are active, regular buyers, and contribute to annual revenue of approximately $1.5MM. Supplier agreements with every major distributor, large independents, and select display products and large end-users not served by our distributors. US Cast has an exclusive relationship with one major distributor, accounting for 30% of annual revenue, US Cast sales are nicely divided across its customer base (shown here are the “top 20” locations or customers.) The gap between active customers and those locations with which US Cast has vendor agreements represents the yet untapped growth potential.
US Cast’s factory is approximately 29,725 sq. ft. and sits on 23.32 acres of property in rural Elmer, NJ in the Pittsgrove Township, situated at the center of a triangle of Philadelphia, PA, Wilmington, DE, and Atlantic City, NJ. A convenient distribution point with low tax base, room for expansion, and an adjacent 4 bedroom [owner/factory manager’s] residence on approx. 8 acres completes the real estate available for sale. The residential property can be separated or included in the offer. A property appraisal is available under NDA.
Revenue and Financial Highlights
The company generates revenues through cash and credit customer sales. Terms are net 30 with all but a very few customers, who pay either by credit card, or enjoy special discounts for payment within 10 days of invoice date.
2013 … $1,399,543
2014 … $1,475,007
2015 … $1,800,000.00 (projected)
The process for acquiring this unique opportunity is being managed by Seahawk Innovation, LLC. Interested parties should contact Paul Baron (email@example.com), 678-571-2254 at their earliest convenience.
- New Jersey
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