Reg is the founder and CEO of CaneKast, a privately-owned company focused on revolutionizing and rolling up small manufacturing in the US, with a current focus on non-ferrous foundries.
We discuss:
- The world of foundries
- Offshoring & onshoring
- How Reg rolls up foundries
- Due diligence
- Training
- The process of closing on a business
Links:
Reg on Twitter - https://twitter.com/RegZeller
CaneKast - https://canekast.com/
Topics:
(00:00:00)- Intro
(00:00:47) - The world of Foundries
(00:05:56 - Offshoring
(00:07:48) - Ideals specs of a foundry
(00:14:14) - Josh’s impact
(00:19:16) - Reg’s big-picture vision
(00:25:20) - The process of rolling up a new foundry
(00:30:01) - Determining whether to buy part of a foundry or the whole
(00:33:16) - Negative margins
(00:37:03) - Due diligence
(00:38:59) - Pursuing the car deal model
(00:42:28) - The nearshoring movement
(00:51:11) - Training employees
(00:57:02) - Equipment as part of the moat
(01:01:44) - 3D printing
(01:03:22) - The process of closing on a business
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