Business Overview:
321 Capital Partners has been retained by parent company, Manuli Stretch S.p.A. to find an entirety buyer for their U.S. operations; Manuli Stretch, USA, Inc. (Manuli). The operations were acquired in 2007 from Quintec by Manuli Stretch S.p.A. Two fully functional stretch film extrusion lines produce a full line of machine film, and hand-wrap stretch films servicing the entire United States from their Shelbyville, TN plant.
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Property Features and Assets:
All products are produced and shipped from the 52,560 sq./ft manufacturing facility on roughly 12 acres in Shelbyville, TN.
The plant has the capacity to produce upwards of 30 million pounds of product per year on the existing two cast lines with room to add an additional, comparable line without expanding the building.
While the facility is currently leased, existing owner is willing to negotiate new lease or sell the building to a prospective buyer.
Market Competition and Expansion:
Manuli currently has accounts receivable, finished goods, machinery & equipment, and a book of business. Manuli currently holds a license to the patent for 7-layer stretch wrap.
Reason for Selling:
Parent Co. closing down its US operations.
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
Resources: