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•Products were Reclaimed Precision Fuel Injection Components
•Facilities were
in Chicago, Illinois •Customers were Detroit Diesel Distributors |
Our president worked as National Sales Manager of Special Products, for a multi-millionaire who owned several Cummins Engine Distributorships. His job was to travel North America looking for high precision products that could be reclaimed for half the price of new ones. After locating and introducing a line of reclaimed products, the multi-millionaire sold the business to a Fortune 500 company. The buying company only continued working the Cummins reclaimed components segment.
Our president teamed up with the head of engineering, whom he had worked with for several years, and they established a new company called Reclamation Dynamics. This company began reclaiming precision fuel injection components used by Detroit Diesel Distributors for rebuilding their sub-assemblies. Beginning in a room in the basement of Rexco Products (another of our companies), the newly formed Reclamation Dynamics was under way. With the expertise of the highly experienced engineer partner, we took the supposedly unusable worn component parts that were being thrown away, ground them down to clean up the wear area, then hard-chrome plated them over size. Next they were finished ground to closer tolerances than were required on the original parts. The result: a product that was three times longer-wearing than the original and we sold them at half the price of new.
Reclamation Dynamics bought used equipment at auctions at 10% on the dollar. The engineer partner was an expert at taking old precision metal working machinery and fixing it up to do things that even as new, it wouldn't do. This greatly expanded the company's manufacturing capacity to reclaim even more complex parts that had never been remanufactured before. Reclamation Dynamics grew, requiring larger facilities. Two different growth moves were made until the company moved into a building in Franklin Park, Illinois, and later we bought that building.
The company's customers were highly prosperous authorized Detroit Diesel distributors, one of whom bought Reclamation Dynamics after having been a customer for over five years. The two ex-owners stayed on with the acquiring company for five years on a royalty-plus consulting agreement.
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The man with a new idea is a crank until the idea succeeds
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General Notes:
*We only work with a very few, highly selected products at one time.
*There is no cost to the inventor unless we produce results!
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