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LOCAL MOLDING COMPANY SIGNS LETTER OF INTENT TO BE ACQUIRED

INDIANAPOLIS--The Champion Industrial Company has signed a Letter of Intent with Molding Midwest of Indiana, the companies announced this week. The company offers services such as prototypes, mold design-build, insert moldings, soft and hardwood moldings.

The company has 15 full time employees with over $5 million in annual sales and contracts with Lowe's and Home Depot. The proposal to acquire Molding positions the company to own all assets of the fully operational manufacturer and increase their market share. By integrating into its operations, Champion has an established client based and proven cash flow model that fosters stable growth.

Champion is still looking for mezzanine financing and possibly a strategic investor or even a hard money lender for the real estate and only $150,000 down is needed for the property. The property has a $1.5 million appraisal and will be refinanced in a year so the investor gets paid back with interest very quickly.

Subject to the satisfaction of the conditions described in the LOI, at the closing, the company will acquire all or substantially all of the assets, and assume certain specified liabilities of the business, free and clear of all encumbrances.

The purchase price is $3.5 million.

For more info visit Home - Champion Industrial Group on Strikingly (mystrikingly.com)

INDIANAPOLIS--The Champion Industrial Company has signed a Letter of Intent with Molding Midwest of Indiana, the companies announced this week. The company offers services such as prototypes, mold design-build, insert moldings, soft and hardwood moldings.

The company has 15 full time employees with over $5 million in annual sales and contracts with Lowe's and Home Depot. The proposal to acquire Molding positions the company to own all assets of the fully operational manufacturer and increase their market share. By integrating into its operations, Champion has an established client based and proven cash flow model that fosters stable growth.

Champion is still looking for mezzanine financing and possibly a strategic investor or even a hard money lender for the real estate and only $150,000 down is needed for the property. The property has a $1.5 million appraisal and will be refinanced in a year so the investor gets paid back with interest very quickly.

Subject to the satisfaction of the conditions described in the LOI, at the closing, the company will acquire all or substantially all of the assets, and assume certain specified liabilities of the business, free and clear of all encumbrances.

The purchase price is $3.5 million.

For more info visit Home - Champion Industrial Group on Strikingly (mystrikingly.com)