Quazar Capital Corporation is pleased to announce that their client, Die Products Company, has been acquired by R&M Manufacturing Co., LLC.
THE SELLER – Die Products Company is a privately owned stamping and tooling company located in Fridley, Minnesota. Established in 1975, the Company specializes in the engineering and manufacturing of high quality, custom metal stamping and complex progressive dies.
THE SITUATION – The owners of Die Products decided to sell the Company in order to pursue individual interests. The main objectives of the sale were to maximize the value received for the Company, retain employees, and align the Company with a successful industry player that could sustain and support the future growth of the Company.
ENTER QUAZAR -Die Products began interviewing Investment Banking firms to find the best fit for their Company and their needs. Quazar Capital Corporation was engaged to take the Company to market, locate prospective buyers, and negotiate the sale. David Geslin, owner of Die Products, mentioned that he chose Quazar “not only because of their knowledge and experience but also because of their genuine ability to sell.”
THE RESOLUTION – Die Products had three owners with very distinct goals and objectives. Quazar needed to meet the needs of all the owners. When things got tough during the final negotiations, David Geslin said, “Quazar’s perseverance and negotiation skills really stood out.” The sale resulted in a smooth transition for the owners and the employees.