Divestitures

 

Another C.V. Lemmon & Co. Success Story

 

Hunt Hinges, Inc. is a successful manufacturer of metal hinges for many commercial applications. The owner grows his business through the acquisition of complementary metal bending operations.

 

Wedge Products owned twelve manufacturing companies, eleven near its Ohio headquarters and one, Bailey Tool & Manufacturing, Inc., in distant Texas. Wedge Products engaged C.V. Lemmon & Co. to arrange the sale of its Texas operation.

 

C.V. Lemmon & Co. represented the seller by designing a selling program, preparing offering materials, contacting multiple potential buyers and coordinating all activities to a successful closing. C.V. Lemmon & Co. negotiated this controlled auction sale between two potential strategic buyers.

 

The seller was satisfied with the process and the results. Bailey Tool & Manufacturing continues its growth, now under the ownership of Hunt Hinges.