Business View Magazine Jan-2019

37 companies, the latest being Great Lakes. Regarding its entry into die casting, Bahr explains that the company’s modus operandi is to buy these dis- tressed companies and rebuild them into profitable businesses.“Theymake capital investments of two or three million per business, each year,” she avers. “They already rebuilt the furnaces at Great Lakes so they can start running more efficiently.” Bahr maintains that Phil Mumford Sr., and his partner, Phil Mumford Jr., run a growth-oriented firm that provides many advantages for the companies it absorbs into its realm. She calls it “the Mumford advantage,”explaining,“We’re a stable company that’s been around for 50 years; we’re not going anywhere and we’re in it for the long haul.We’re not buying distressed businesses to flip them; we’re buying them to bring them into the Mumford family. We’re low leveraged,which is unique as far as die casters go; it’s a very capital intensive industry and our owners do not pull any profit out of any of their foundry businesses.Theymake all of their profit on the other aspects of the business–the bricks, scaf- folding, etc.–and they’re able to make very intense Specializing in the manufacturing of trim dies, brake bonders, machining fixtures, custom CNC machining (prototypes) and wire EDM work. Along with our manufacturing capabilities, we also provide 3-D printing and laser engraving. Our many years of experience have equipped us to work with automotive, home appliance, furniture industry and motorcycle standards and requirements.