Project Lathe
Precision machining, Gyeonggi-do
Machines aluminium and steel parts for automotive suppliers and semiconductor equipment makers. The founder is retiring and is looking for a buyer for 100% of the shares.
- Location
- Gyeonggi-do, Korea
- Founded
- 1994
- Employees
- 46
- Deal sought
- 100% of shares
- Reason for sale
- Founder retiring, no family successor
- Owner after closing
- Will stay up to 12 months as adviser
Key figures (KRW billion)
| FY2023 | FY2024 | FY2025 | Status | |
|---|---|---|---|---|
| Revenue | 7.6 | 8.4 | 9.1 | |
| Operating profit | 0.74 | 0.88 | 1.02 | |
| Adjusted operating profitOne-off income removed; under review | — | — | 0.96 | |
| Net debt (year end) | — | — | 1.2 | |
| Employees | 44 | 45 | 46 |
Checked against tax filings, bank or insurance recordsStated by the owner, not yet checked
Business
- CNC turning and milling of aluminium and steel parts
- 32 CNC machines, two shifts; ISO 9001
- Most output is made to customer drawings, in small and mid-sized batches
Customers
- Three tier-1 automotive suppliers and two semiconductor equipment makers
- Top three customers: about 41% of FY2025 revenue
- Longest relationship: 14 years
Site and people
- Own plant: land about 6,600 m², buildings about 3,300 m²; appraisal under way
- 46 employees, average tenure about 9 years
- Four engineers hold most of the process know-how; retention to be discussed
Known issues, disclosed early
- Owner’s personal guarantee on about KRW 1.2bn of bank loans, to be replaced at closing
- Retirement pay underfunded by an estimated KRW 0.3bn
- One customer contract has a change-of-control clause
Next steps
- 1Tell us you are interested
- 2NDA and the owner’s approval
- 3Information memorandum and data room
- 4Site visit and meeting with the owner
- 5Non-binding offer