Maynards Worked with Flex-N-Gate to Determine an Appraisal Value for Visteon

In 1956 Flex-N-Gate produced stock racks for pick-up trucks that featured a flexible roll-up rear gate. The company, which had begun producing stock racks, then became involved in stamping, machining, plating, injection molding, painting and assembly. During their growth, in the years since then Flex-N-Gate added several locations.

Flex-N-Gate called on Maynards hoping to take advantage of the strong Canadian dollar to purchase Visteon, an American company. In order for Flex-N-Gate to purchase Visteon, they sought a proven appraisal company with an excellent record of success, and one that was on the list of approved service providers. They turned to Maynards to assist them. Al Loewenstein, Director of Valuation Services, gathered a team to begin the appraisal process.

Flex-N-Gate knew of Maynards' fine reputation because they had previously attended and purchased assets at Maynards' auctions. Al and his team began the process of appraising Flex-N-Gate's assets, including paint lines, stamping presses, plastic injection molders, plating systems, and rolling stock (forklifts, vehicles and cranes). Visteon's assets were appraised using Fair Market, Orderly Liquidation and Fair Market Value. From beginning to end, the appraisal process took several months.

Flex-N-Gate® is a registered trademark and Property of Flex-N-Gate. Any use of the trademark name is only for comparison reasons. Maynards company is in no way associated with this trademark. Products and company names mentioned herein may be trademarks of other companies.