What is Universal Assemblies?
Founded in 1998 and headquartered in Cleveland, Tennessee, Universal Assemblies operates as a value-added manufacturer serving original equipment manufacturers (OEMs) within the appliance industry. With over 25 years of specialized experience, the company focuses on components for kitchen ranges and stoves. Universal Assemblies employs a "whatever it takes" philosophy to support major appliance customers across the southeastern and Midwestern United States, operating from two key facilities.
How much funding has Universal Assemblies raised?
Universal Assemblies has raised a total of $150K across 1 funding round:
Debt
$150K
Debt (2020): $150K with participation from PPP
What's next for Universal Assemblies?
The substantial late-stage funding indicates a strategic push for Universal Assemblies, likely aimed at scaling production capabilities, enhancing technological integration, or expanding market reach. This capital infusion is expected to fortify its competitive advantage in the appliance components market and support continued growth within its established customer base and geographic territories.
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