This well-established company sells acoustical tiles and related materials for the installation of ceilings in commercial buildings. Customers range from smaller to major contractors and much of the product that the Company sells is for office buildings and for the interiors of major construction projects. Company distributes products for the major manufacturers in the acoustical tile ceiling industry and has an exclusive on one of them.
Business qualifies for bidding preferences, which provides it with significant advantages over competitors in bidding certain large construction projects.
Price includes $400,000 of new, current saleable inventory.