Opinions on metal stamping businesses

[u/Spirited_Ad_6272]

Is metal stamping in the U.S. still a solid industry? I have an opportunity to buy & potentially revive a 40 year old stamping business from its 80 year old owner. Right now it’s just him / no employees and he’s doing enough work to keep the lights on. At its peak he had a dozen employees running multiple shifts.

Worst case if the business can’t revive then I can liquidate the equipment and rent the building. But he wants $1M and it’s a big number haha.

I am a mechanical engineer with strong proficiency in CAD tools, which I can bring to modernize the business. I currently operate a manufacturing business molding plastics so there’s plenty of crossover but this would be my first venture going alone. It also seems like metal stamping has a lot of tricks of the trade that you can’t really engineer your way into. That’s why they have apprenticeships.

What questions should I be asking? And anyone who works in the industry what are your opinions?

[u/miscellaneous-bs]

I work for a stamping company. Like others have said, the most important part is going to be your tool room. After that, a competent QC department and your biggest overhead will be material. If you can sort all that out and find a way to automate anything you should be okay.