An Aerospace precision machine shop located in a modern 50,000 sq. ft. facility. They manufacture and ship products to 10 separate divisions of a large company. The sites are located in the U.S., Mexico, Czech Republic and Suzhou China. They supply over 200 active part numbers of which the majority are single sourced. The customer is in the process of consolidating its supply base and the company is targeted for more RFQs and orders to replace those suppliers that the customer plans to transit out of. This company is classified as a Growth supplier. The company is also growing with other customers in aerospace hydraulics and Oil and Gas of which they expect a ramp up of new business. The company manufactures aircraft engine hot & cold sections: segments, rings and seals, nozzle and vanes, combustor liners, impellers, shrouds, fuel injectors and air shrouds, and fluid components and assemblies. They also manufacure aerospace hydraulic systems products. The company employes approximately 56 employees: direct labor, engineering, production control & logistics, quality control, and finance, HR & management. They operate on a four day schedule with a smaller second shift. There is excess capacity with the existing machinery and personnel. There is also room for the addition of additional equipment. THIS IS AN ASSET SALE FOR THE BOOK VALUE OF THE EQUIPMENT, INVENTORY OF RAW MATERIALS, INVENTORY-FINISHED GOODS, AND WIP. The asking price is $7MM and the asset value is $6.6MM but is a moving number (based on the inventory). The company is owned by an offshore holding company. In Q3 of 2012 the parent company sent out a full time Executive to identify the problems, improve the operations and grow the business. He found many problems and fired the CFO and some of the key management and replaced them with very competent personnel. The company is making great strides in improving it s profitability, controls, systems and operations. The company is in the black as of August 2013