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The Fort - An Entrepreneurship Podcast
#322 - Reg Zeller - CEO @ CaneKast - Rolling Up Foundries & Making Manufacturing in America Great Again
Nov 28, 2023
Reg Zeller, CEO of CaneKast, discusses revolutionizing small manufacturing in the US, the challenges of onshoring, due diligence in acquiring businesses, training employees, and the role of equipment in the industry's future.
01:16:45
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Quick takeaways
- The company aims to acquire and consolidate small manufacturing businesses in the US to make manufacturing sustainable and prevent wealth concentration.
- The company adopts a roll-up strategy for acquisitions, buying either entire businesses or specific assets and simplifying due diligence with expertise in the industry.
Deep dives
The Vision for Small Manufacturing in the U.S.
The ultimate goal is to make small manufacturing work in the U.S. by acquiring and consolidating businesses in the industry. The aim is to create a holding company that will have subsidiaries in specific niches, such as aluminum foundries. By building efficient systems and automation, the company plans to transform these businesses and ensure their sustainability. The long-term vision is to pass on the company's assets to employees through a trust, similar to the Cargill model, maintaining U.S. manufacturing and preventing concentration of wealth in a few individuals.
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