Hunt
Hinges, Inc. is a successful manufacturer of metal hinges for
many commercial applications. The owner continues to grow his
business through the acquisition of complementary metal bending
operations.
Bailey
Tool & Manufacturing, Inc. was a Texas-based subsidiary of Wedge
Products, Inc. in Cleveland, Ohio. Wedge Products at that time
owned twelve manufacturing companies. Eleven were in the Ohio
area and one was geographically distant in Texas. Wedge desired
an orderly sale of their Texas operation.
C.V.
Lemmon & Co., Inc. represented the seller in this transaction
by designing a selling program, preparing offering materials,
contacting multiple potential buyers, and coordinating all activities
to a successful closing. C.V. Lemmon negotiated this controlled
auction sale between two potential strategic buyers. The seller
was satisfied with the process and the results. Bailey Tool
& Manufacturing continues its growth under new ownership.
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