Temperature Monitoring Device Manufacturer

Financial & Assets Details

About the Business

Business Description

In business for 50 years, the Company operates primarily in the temperature indicator space with a presence in tilt and drop recorders, humidity indicators, digital temperature, humidity and shock data loggers, thermometers, thermocouples, and pH / salt meters.

The Company manufactures its own line of temperature indicators in Southern California. Utilizing custom designed equipment and hand assembly by trained and experienced staff, resulting in a proven track record of producing quality products. These in-house products are the company's bestsellers, accounting for more than 40% of total sales. In addition, the Company distributes and private labels products from suppliers and competitors, offering a comprehensive portfolio to the market.

Since its founding, the Company has consistently demonstrated growth and profitability. There are many opportunities for growth, such as penetration into more mid-sized customers, increased production capacity, expansion of private label products, reestablishing calibration services, and offering a wider product line via the website.

With a diversified customer base, the largest half dozen companies account for approximately 40% of sales. Many of these customers are dependent on these products as they are integral to their own offerings. The remaining 60% of sales are generated by medium and small customers with an increasing percentage of orders coming through the active e-commerce website. The Company enjoys high customer retention, with many clients maintaining long-term relationships due to the company's commitment to quality and responsiveness to customer requirements.

The Business places a strong emphasis on quality assurance, following the ISO model for receiving, assembly, inspection, and shipping. It uses production travelers to track batches, ensuring quality control to meet customer expectations. Quality assurance is a focus throughout the Company. Many customers are large corporations with specific requirements the Company has been able to meet with its level of ISO compliance. This necessitates a close collaboration with customers to address their needs and expectations.

The Company boasts an experienced team with many employees having over 20 years of service, reflecting low turnover and high expertise. All staff members are well-trained, ensuring efficient operations and high-quality output.

The Company operates from an efficiently sized 4,000 sq ft facility housing its offices, production, assembly, inspection, and shipping/receiving departments. This integrated space supports streamlined operations and effective quality control.

The Company serves an array of industries such as; medical, biomedical, implantable devices, pharmaceutical, aviation/aerospace, defense, oil/gas/petrochemical, industrial monitoring, process control, transit and storage.

Approximately 30% of the Company’s sales are exports, with products shipped worldwide to regions including Mexico, Canada, Central America, Brazil, Argentina, South Africa, Britain, Poland, Europe, Japan, Hong Kong, Mainland China, Australia, and India

Growth & Expansion

Excellent Growth

Reason for Selling:

Personal