Company designs and produces a variety of electrical control panel systems for several industries. Their UL (Underwriter Laboratories) certified products are sold only to OEM (Original Equipment Manufacturers) and wholesalers. Medical devices, water treatment, traffic control, packaging are the main areas of customer concentration. Their new large facility provides an excellent manufacturing base with great potential for product expansion. The Company has over 60 dedicated and experienced employees building highest quality products.
Current management is solid and steady. Ownership prefers to stay with the company, or open to sell in its entirety after a smooth transition period. *Revenue and earnings for 2022 are similar to the year of 2019 and reflect on past Covid turbulences in the market. First quarter revenue for 2023 in line with seller estimate.