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CCA is seeking the acquisition of companies and product lines that meet
the specifications outlined below:
The Company's long-range corporate objective is to enhance its existing
businesses through the acquisition of companies with proprietary
product lines related to CCA's current technologies, markets, and
distribution methods. CCA is seeking acquisition opportunities in two
categories:
- Companies or product
lines that could be integrated with existing subsidiaries.
- Companies that would
continue to operate in a stand-alone mode.
SPECIFICATIONS
FOR ACQUISITION PROSPECTS
Profitable, well-managed businesses are desired. Mergers and/or
acquisitions will be considered on the assumption that CCA will be the
surviving corporation or major shareholder. While profitability is of
importance, marginal or unprofitable operations would be considered if
legitimate opportunity for turnaround exists. Unrelated operations will
also be given serious attention. The following is our acquisition
profile:
- A manufacturer of
electrical, electronic, or electro-mechanical devices or systems
that are sold principally to the commercial/industrial electrical,
electronic, or computer industries.
- The product line should
be in the medium technology area with recognition in its market
segment.
- The identified
available market should be at least $75 million per year and
growing at an average rate of 10% per year compounded, or faster.
- Sales should be in the
$10 million range for a stand-alone company and a
minimum of $2 million for a product line.
- The company or product
line should be profitable on a stand-alone basis.
- Experienced management
in key positions should be present and available for continued
service.
- The assets should be in
line with the current sales levels, i.e., accounts receivable,
inventory, machinery and equipment, etc.
- A purchase price of up
to $10 million will be considered. CCA desires to acquire
companies for cash and/or notes.
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