What is TIMCO?
Timco Inc is a seasoned provider of quality used equipment, specializing in machinery crucial for the metal stamping and fabrication industry. With a legacy spanning over five decades, the company offers a comprehensive inventory that includes stamping presses, coil handling equipment, and various machine tools from prominent manufacturers such as Minster and Niagara. Timco Inc's commitment extends beyond equipment sales; it actively supports local communities and champions American manufacturing. Prospective clients are encouraged to visit their Tennessee facility for direct inspection of available machinery, with the company providing dedicated assistance to fulfill specific used machinery requirements. Adherence to ethical business practices is a cornerstone of their operation, evidenced by their longstanding membership in the MDNA Code of Ethics for over 30 years.
How much funding has TIMCO raised?
TIMCO has raised a total of $2.1M across 2 funding rounds:
Debt
$2M
Debt
$100K
Debt (2020): $2M with participation from PPP
Debt (2021): $100K led by PPP
Key Investors in TIMCO
PPP
Public-Private Partnership
PPP
Public-Private Partnership
What's next for TIMCO?
The recent major strategic investment signifies a pivotal moment for TIMCO, likely enabling the company to expand its operational capacity, enhance its inventory acquisition strategies, or invest in technological upgrades to better serve the metal stamping and fabrication industry. This capital infusion is expected to fortify its market position and potentially drive further innovation in the used equipment sector. The company's long-standing commitment to quality and ethical standards, coupled with this significant financial backing, positions TIMCO for sustained growth and continued support of American manufacturing.
See full TIMCO company page
