Since 1981, Kore Mart Limited has supplied foundries across the nation with products and technical support. The family owned company manufactures its lineup of foundry supply products from its 100,000-square foot facility located in Hamburg, Pennsylvania.
Kore Mart had recently changed hands to the second generation of leadership when a family friend recommended RKL. After many years of working with a sole proprietor, the leadership team sought a proactive business advisor to help them gain a deeper and more comprehensive understanding of the manufacturer’s financial position.
The RKL Approach:
Drawing upon a broad range of tax planning and financial reporting experience, the RKL engagement team set out to evaluate Kore Mart’s operational and fiscal model. Over the course of several months, they uncovered issues to address and seized opportunities to maximize profitability.
RKL provided compiled financial statements to generate better insights into Kore Mart’s financial performance; helped drive greater efficiency in processes and inventory; conducted an R&D tax credit study that produced significant tax savings; and performed stock valuations for gifting purposes.
Bolstered by the insights and peace of mind delivered by the RKL team, Kore Mart’s leadership has confidence to pursue the company’s future plans for growth and opportunity.