A Divestiture Transaction C.V. Lemmon Has Completed

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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