O.E.M. MANUFACTURING AND SALES acquired by a Strategic Buyer

Posted by Matthew Bristow in Corporate Finance, Mergers & Acquisitions
OEM_ClearRidge_Acquisition

O.E.M. MANUFACTURING AND SALES (“OEM”) was acquired by an undisclosed strategic buyer. OEM and its affiliated entities manufacture and supply components and sub-assemblies to vendors of many of the world’s largest brand name original equipment manufacturers.

OEM’s headquarters are located in San Diego, CA, with office and manufacturing facilities in San Diego, CA and China through a related entity, in addition to sourcing from other manufacturers in China, Taiwan, Vietnam, and Thailand.

OEM is ISO 9001:2015 certified and operates a Foreign Trade Zone in San Diego that allows customers with non-US manufacturing facilities to bypass U.S. tariffs.

OEM’s divisions provide contract manufacturing and distribution of:

  • custom metal components including custom and standard fasteners, screws, springs, rivets, cold-headed specialties, screw machine parts, stampings, extrusions, die cast products, sub-assemblies and bag kits and special projects for industrial and commercial industries;
  • custom and standard inserts, bushings and precision metal components for injection molders and customers whose product is predominantly plastic- based;
  • custom and standard rubber products for sealing, mechanical and industrial applications, serving various industries. Capabilities include overmolding, compression molding, injection molding, extruding and die cutting.

The Strategic Buyer is a U.S. manufacturer and supplier with over 50 locations across the United States. The Strategic Buyer determined there was a strong fit with their strategic growth goals and the opportunity to capture OEM’s customer base, their manufacturing relationships in SE Asia and further expand operations through OEM’s foreign trade zone.

OEM engaged ClearRidge to advise on acquisition strategy, manage the sale process and due diligence.

About ClearRidge (Investment Bankers and Transaction Advisors)

ClearRidge was founded in 2008 by Bruce Jones and Matthew Bristow to provide business owners in the central U.S. with industry-leading advice and representation. As the most experienced and innovative investment banking firm in their region, ClearRidge has closed mergers and acquisitions well in excess of $1 Billion in transaction value.