C-Mac Trade Sale Announcement

C-Mac Trade Sale Announcement

Posted by Aaron Chen on 29/04/2019

business-for-sale

As many of you know C-Mac has been trying to sell the business to staff over the last 4yrs utilizing an ESOP (Employee Share Ownership Plan) unfortunately, this has not progressed due to the slowness of the economy and the ability to transfer profits into the ESOP. An outright purchase was offered to staff but unfortunately a decision was made recently (by staff) that it was beyond their means and they could not proceed with the buyout.

Robert McMaster (one of the founders’ sons) heads up the business as its General Manager at present and has decided to retire due to health and other interests.

Margaret McMaster (Sole director) therefore decided to initiate a trade sale. This decision is a reflection of her having reached an age (81 years) and a stage in her life where divestment best suits her personal interests. Unfortunately no other family members are interested in managing the business.

C-Mac Industries (Aust.) Pty Ltd consists of several trading divisions:

1. C-Mac Sheet Metal
2. C-Mac Engineering & Gear cutting
3. C-Mac Nursery Equipment
4. C-Mac Maintenance Services
5. Accord Acoustics

Link to the “Trade Sale Summary” document, a snapshot of the business for sale.

Full profile of the business is available by contacting:

Link Corporate Division, Vic Whiteley – Mobile: 0418 146 463

A business sale in today’s environment is expected to take 9-12 months so there won’t be any changes to the management or operation of C-Mac for some time.

This is just another stage in the life cycle of C-Mac as we come up to celebrating 50 years of operation in 2016.

An interesting and exciting future awaits us all.

Regards,
Robert McMaster
General Manager

*[Owner]* An industrial laundry system service company needed repairs and redesign done to their tooling. C-Mac made changes to the tooling to make access and ease of use to decrease service down times.

*[Service Manager]* An industrial fan service company had a failure of a major shopping centre air conditioning fan/ blower. C-Mac repaired the unit within a 24hr turn around for minimum downtime.

*[Owner/Manager]* A major food manufacturer specializing in tomato sauce had a filling machine breakdown. The machine was brought to C-Mac and repaired in 24hrs for minimum downtime of the production line costing $5,000 per hour.

*[RAAF - Warrant Officer]* Airfield support staff required a portable sandbagging frame and requested a design, prototype and trials at no cost. There was nothing suitable on the market i.e. made in Australia. "Sandbagging Frames":materials-handling/1-bagging-equipment#silt-bagging-frame are now on the national procurement data base and some probably overseas at different war zones.

*[Mechanical Design Engineer]* An automotive transmission design customer needed help with designing an automatic transmission gear prototype. We suggested and engineered a more cost effective and practical way for the mass production stage.

*[Nursery Manager]* At an exhibition saw our self tracking nursery trailers and indicated he had a costly issue transporting large (heavy) pots containing advanced trees. Existing method was a bobcat. C-Mac designed and quoted for the manufacture of a Self Tracking “Low Loader”. His comment on the first day of using "Low Loader trailer":nursery-equipment/7-trailers/#low-loader-self-tracking-trailer “Can now move 100 litre pots with trees, 150 metres in 1 hr and not get a sore back”.

*[Purchasing Officer]* A mining design and machining company needed help with machining components urgently as they were too busy to keep up with the demand. C-Mac machined the components so the deadline could be met.

*[General Manager]* Customer had to submit a proposal and compete against other countries for the manufacturing facility. C-Mac submitted drawings to show there was space in existing plant to install the new process and to comply with all Australian OH&S Standards. Working together with customer to submit proposal to the Head Office overseas WON the contract. Project was a success meeting 6month lead time and budget.

*[Nursery Owner]* Needed a specific Potting & Mixing machine. for his yuccas nursery, but the problem was it was no longer manufactured. From his description and specifications our engineers designed and modelled in 3D software his requirements. "Potting Machine":nursery-equipment/3-potting-machines/ was manufactured and fully tested with potting media in our workshop, video was then sent to customer who was very pleased with the results. Machine disassembled and freighted interstate and installed.

*[Maintenance Engineer]* An industrial hydraulic fitting manufacturer had problems with gear and shaft breakages with their machinery. They also had problems repairing and maintaining. C-Mac offered to repair and maintain their machinery on-site instead of having to permanently employ fitters.