Lamico Crutch Manufacturing Co. 44 Years In Operation International Sales, American Made, Latex Free Aluminum Start Price - Current Price - Time Left - Bid Count 0 Buy It Now Price - Reserve Price - Start Time Wednesday, August 27, 2008 End Time Sunday, October 26, 2008 Location Oshkosh, Wisconsin See more about 'Lamico Crutch Manufacturing Co. 44 Years In Operation' Description For SaleLamico, Inc. American Made Crutch CompanyA little history  Founded in 1937, Oshkosh Wood Products was known for it's high quality wooden products such as window trim, door frames, basswood blinds, television grills, telephone boxes, cabinet doors and custom work. In 1963 the owner decided to make one item and make it right. He introduced the world to laminated wooden crutches and revolutionized the way they were built. The name was then changed to Lamico. 44 Years, and 30,000,000 (30 Million) pair later Lamico, Inc. is looking for someone to carry on the tradition.A complete manufacturing system for wooden and aluminum crutches. Includes wood working machines, paint system, and complete injection - blow molding plastics department to produce latex free parts. All items are produced in the United States under the Lamico, Inc brand name, using latex free accessories. We've been in the crutch business since 1963 and are currently selling our products World Wide.Due to the retirement of the owner we are seeking someone to take Lamico to the next level. With rising foreign competition sales have slipped over the past 8 years. In the recent past (late 1990's) we produced over 1,080,000 pair in one year, with a net profit of over $1,000,000. The potential is there for the right investor to bring it back to it's former glory and beyond. What is being offered in the sale? All machinery and manufacturing equipment (recently appraised at $2.4 Million "in use" value). All in process inventory, raw materials, finished goods inventory, forklifts, company name, Office equipment and customer lists at the time of sale. Current office and work crew are willing to stay on to get new owner situated and are available for long term employment if needed. All equipment is movable in the event that a new owner would want to relocate or export the equipment overseas.What is not being offered in the sale?Building, Land, Cash in the bank, Accounts payable, Accounts Receivable, and Personal Property are excluded from this sale. However, the existing 100,000 sq. ft. manufacturing facility is available for year to year negotiable lease for an extremely competitive rate. The factory is located in Oshkosh, WI. Asking Price Reduced To $750,000 Cash, Owners Are Open To OffersSeller prefers an outright sale and is not willing to carry paper. Reasonable offers from qualified buyers will be considered. If this sounds like an interesting opportunity to you, please feel free to contact me John Kraus, General Manger at lamicoinc@aol.com or call me at 920-420-4889 for more information.Check out our product line and website at www.lamico-inc.com Place a Bid!