E231: Inside the Acquisition Process: How Reg Zeller Scaled CaneKast to a Multi-Foundry Empire

How2Exit: Buy, Don't Build - M&A of Small Businesses

Watch Here: https://youtu.be/6DbRyX6Ntk8

About the Guest(s):
Reg Zeller is the CEO and founder of CaneKast, a company specializing in non-ferrous foundries, primarily dealing with aluminum but also handling brass, bronze, and zinc. With a comprehensive 17-year background in corporate manufacturing and a focus on scaling operations through innovative technology and strategic acquisitions, Reg has become an industry thought leader. His expertise lies in transforming distressed assets into thriving operations, a feat achieved by leveraging modern systems and AI/ML tools
Summary:
In this engaging episode of the How2Exit Podcast, host Ronald Skelton welcomes back Reg Zeller, CEO and founder of CaneKast. Reg provides an in-depth update on his company's progress, focusing on their impressive acquisition strategy and operational efficiencies in the non-ferrous foundry industry. Over the past few years, CaneKast has grown exponentially, acquiring seven foundries through a meticulous off-market strategy. Reg outlines their unique approach, including systems for operational efficiency and employee retention, and shares insights on using AI and ML tools to enhance productivity. He also discusses their ambitious plans for high-capex equipment to solidify market dominance, offering a fascinating glimpse into the world of metal casting.
Key Takeaways:

• Strategic Acquisitions: Reg Zeller's CaneKast has successfully acquired seven foundries using a calculated off-market strategy, demonstrating the importance of targeting distressed assets and revitalizing them.
• Operational Efficiencies: The implementation of automated systems and AI/ML tools has been paramount in improving productivity and maintaining high-quality output across multiple facilities.
• Employee Engagement: CaneKast's approach to employee retention involves structured onboarding processes and performance-based bonuses, ensuring a motivated and committed workforce.
• Technological Advancements: By investing in high-capex equipment and advanced technologies, CaneKast aims to remain at the forefront of the foundry industry, offering capabilities few competitors can match.
• Industry Challenges: Reg discusses the broader challenges in the manufacturing sector, including stringent regulations, labor shortages, and the need for governmental support to foster industrial growth

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Contact Reg on
Linkedin: https://www.linkedin.com/in/regzeller/
X: https://x.com/RegZeller
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