Anderson Machining Finds Its Unicorn
by Peter Zelinski
The phrase “mom and pop shop” describes a type of business the readers of this magazine know well—the independent, family-owned machining contractor. Increasingly, that same phrase also points to a challenge these shops are facing. As the time comes for the current owners to retire, can these owners—often literally Mom and Pop—be taken care of? That is, can the business provide for the transition and provide a comfortable retirement for these people while its own success and profitability continue uninterrupted? Shops still carrying the effects of the 2008-2009 collapse (even if they are thriving today) might not be in a financial position strong enough for this.
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