Turnaround Automotive Parts Manufacturer in Michigan

This listing presents a turnaround opportunity for a Tier 1 automobile parts manufacturer located in Michigan. Founded in 1945, the company has a long-standing reputation for producing small metal automotive components, operating from dual facilities in Ontario, Canada, and Michigan, USA. Despite current financial performance being below historical levels due to operating at only 10% of manufacturing capacity, the business is poised for strategic growth. The owner is retiring, and the business is being offered as an asset sale. Key assets include diverse production equipment and in-house engineering expertise. The company's real estate is owned through a related entity, with the seller preferring to sell it. Two long-term managers are expected to remain post-transaction, ensuring operational continuity. Buyers are required to have a minimum of $100,000 in liquid funds.