Going Concern Sale Seeking Debt or Equity Financing, A JV Partner, or Buyer For Some or All of the Distinct Business Units of Blissfield Manufacturing Company. Blissfield, MI.
Our firm has been engaged to seek debt or equity financing, a joint venture partner, or a buyer for some or all of the distinct business units of Blissfield Manufacturing Company (“Blissfield or “The Company”). Custom manufacturing capabilities accommodate complete system design, testing and manufacturing, precision laser cutting, sheet metal fabrication, hydrogen brazing and assembly.
Founded in 1946, this 4th generation family owned business specializes in heat transfer technology within the automotive, off-highway vehicle, commercial refrigeration, and industrial equipment markets. Manufacturing in their 245,000 S.F. U.S. facility, and partnering with manufacturers from Italy, China, and India, the Company supplies automotive oil coolers, off-highway oil coolers, and refrigeration compressors, condensers and evaporators to their loyal customer base around the world.
The Company also recently rolled out its “Green Technologies” division, which encompasses a variety of environmentally friendly products ranging from restaurant filtration to waste-water remediation systems. The Company has patented gasification technology for the environmental clean-up and treatment of wastewater. Blissfield’s PRO2 waste water treatment systems efficiently deliver extremely large amounts of oxygen (or any soluble gas) into waste matter with virtually no off-gassing. The oxygen rich water rapidly breaks down organic and waste matter while preserving an odor free environment.
Blissfield has also been the exclusive North American distributor of Dorin compressor products for over 20 years, and has rights to distribute the products in 15 countries. Blissfield offers the following services to customers: JIT and Kanban deliveries, heat rejection simulation software, 3D modeling for fit and function, durability and performance testing, cross-functional team project support.
- 70 year old company
- Management projects 2016 EBITDA to be in excess of $1mm
- ISO 9000 1:94/QS 9000:98 and TS 16949 certified
- LEAN methodology
- Hydrogen Furnace Brazing
- Precision Laser Cutting
- CNC Turret Press
- CNC Shear & Brake Presses
- Progressive Fin Press & Stackers
- Robotic Tube Benders
Key Manufactured Products:
- Oil coolers- Off highway & automotive
- CO2 gas coolers
- Proprietary waste-water treatment systems
- Kitchen filtration systems
Key Distributed Products:
- Dorin Compressors- Open drive & semi-hermetic up to 160 HP.
- Refrig. & HVAC heat exchangers
- Condensers- Using all steel fins