Companies for sale

Corporate Growth Report Weekly, Feb 12, 1996

Metal Products Manufacturer. Established for over 10 years, company is growing rapidly while consistently maintaining gross profit margins of 50% or more. 1995 Adj. Pretax $1.1 MM. Long term, diversified base of blue chip customers in the electronics, medical, commercial aircraft, recreation, and diversified commercial industries. Owner seeks sale to or investment from high profile partner to pursue mega contracts with ongoing customers. Contact Mark Wilser, Garte Torre Global, 714-252-4600 (fax - 4620).

Manufacturer of Children's outerwear. This profitable company manufactures childrens clothing and some womens' clothing n domestic factories. Dresses (most of which are staples rather than fashion items) are sold nationally, 70% to national chains. Sales: $29MM. Profit: $1MM. Asking Price: $6MM. For further info contact Larry Lorman of The Gottesman Company at 212-459-4481 or fax 212-734-2511.

Nondestructive Test (NDT) Equipment-Light Manufacturing. Custom Designer/ Builder of High Speed Automated Systems. A unique high growth niche. Diverse and well established customer base includes many FORTUNE firms. Labor/ family/ tax friendly midwest suburb. Sales under $3 million. Contact Larry Hogan, Hogan Advantage at 216-247-9600; fax 216-247-9603.

Borden Inc. has retained Morgan Stanley & Co to assist with the sale of its plastic packaging businesses in North America, Europe and Asia, but not in South America. The business has 27 plants in 12 countries and about 3,500 employees. Proceeds from the sale are to be invested in the company's other businesses. For more info contact: Frank J. Tasco, 180 East Broad Street, Columbus, OH, 43215; PH: 614-225-4000.

In response to liquidity problems, Aviall Inc. is putting its engine repair and related businesses on the block, resulting in fourth-quarter write-downs of between $230 million and $270 million. The unit's anemic fourth-quarter results combined with the charges, have put it in default under terms of its $331 million bank agreement. Aviall will utilize sale proceeds to pay down its $303 miLlion in outstanding debt. For further info contact CEO, Robert G. Lambert at 9311 Reeves Street, Dallas, TX, 75235; PH: 214-956-5000.

Torrance, Ca.-based Wherehouse Entertainment Inc., the struggling music and video retailer, is in the market for a merger partner. The company, which has been operating under Chapter 11 bankruptcy protection since August also closed 20 poorly performing stores earlier in January. Following the most recent closures, Wherehouse now operates at 297 stores in 11 states with the majority in Southern California. Wherehouse reported a loss of $12 million during the fiscal third quarter ending Oct. 31. Two possible suitors are: National Record Mart Inc. which operates 156 music and video retailers, primarily on the East Coast. Camelot Music Inc., a music and video chain headquartered in Ohio, is another possible suitor. For further info write CEO Scott Young at 19701 Hamilton Avenue, Torrance, CA, 90502-1334; PH: 310-538-2314