Dedoes Industries Market Research Report

Background

Company Overview

Dedoes Industries, established in 1941, is a leading manufacturer specializing in equipment solutions for the automotive refinish market. The company designs and produces a comprehensive range of products, including mixing machines, stirring lids, paint shakers, cabinets, and blending tables, catering to both waterborne and solvent-based paint applications. Headquartered in Walled Lake, Michigan, Dedoes Industries serves a global clientele, providing innovative and high-quality equipment to paint manufacturers and body shops worldwide.

Mission and Vision

Dedoes Industries is committed to delivering the world's best paint and coating mixing equipment, exceptional customer service, and innovative solutions to the paint and coating industry. The company aims to foster pride in its products, services, and operations, ensuring customer satisfaction and continuous improvement.

Key Strategic Focus

Core Objectives

Dedoes Industries focuses on providing high-quality paint mixing equipment and accessories, emphasizing innovation, reliability, and customer-centric solutions. The company aims to expand its market presence both domestically and internationally, leveraging its expertise to meet the evolving needs of the automotive refinish industry.

Areas of Specialization

The company specializes in the design and manufacturing of equipment that supports the automotive refinish market, including:

Mixing machines

Stirring lids

Paint shakers

Cabinets

Blending tables

Key Technologies Utilized

Dedoes Industries employs advanced engineering and manufacturing technologies to produce its equipment, ensuring precision, durability, and efficiency. The company integrates automation and control systems into its products to enhance performance and user experience.

Primary Markets Targeted

Dedoes Industries primarily targets the automotive refinish market, serving paint manufacturers, distributors, and body shops globally. The company also explores opportunities in adjacent markets to leverage its expertise and expand its product offerings.

Financials and Funding

Funding History

In October 2016, Dedoes Industries was acquired by private equity firms Ashland Capital Partners and Graycliff Partners. This acquisition aimed to support the company's growth and expansion initiatives.

Recent Funding Rounds

In September 2017, Byline Bank's Sponsor Finance Group increased the credit facilities for Dedoes Industries, providing additional financial support to the company.

Notable Investors

Ashland Capital Partners

Graycliff Partners

Utilization of Capital

The capital raised has been utilized to refinance existing debt and fund working capital needs, supporting Dedoes Industries' growth and operational requirements.

Pipeline Development

As a manufacturer of equipment solutions, Dedoes Industries focuses on the continuous development and enhancement of its product line to meet the evolving needs of the automotive refinish market. The company invests in research and development to introduce innovative products and improve existing offerings, ensuring they meet the highest standards of performance and durability.

Technological Platform and Innovation

Proprietary Technologies

Dedoes Industries integrates advanced engineering and manufacturing technologies into its products, ensuring precision, durability, and efficiency. The company employs automation and control systems to enhance product performance and user experience.

Significant Scientific Methods

The company utilizes advanced engineering principles and manufacturing techniques to design and produce its equipment, ensuring high-quality standards and operational efficiency.

Leadership Team

Executive Profiles

Mark Jurman: Chief Executive Officer (CEO) since June 1, 2020. Jurman brings extensive experience in commercial and operations roles across industrial manufacturing, automotive, and aerospace sectors. His leadership focuses on energizing the employee base, expanding the business into adjacent markets, and building enduring customer relationships.

Competitor Profile

Market Insights and Dynamics

The automotive refinish equipment market is characterized by steady growth, driven by increasing demand for high-quality paint mixing solutions. Key trends include the integration of automation technologies, a focus on sustainability, and the need for equipment that supports both waterborne and solvent-based paints.

Competitor Analysis

Dedoes Industries faces competition from various manufacturers in the automotive refinish equipment sector. Notable competitors include:

Tytan: A competitor in the diversified metals and mining field.

Nyatex Adhesive and Chemical Company: Specializes in adhesive and chemical products.

Servcorpinc: Provides professional services in the industry.

These competitors offer products and services that overlap with Dedoes Industries' offerings, contributing to a competitive landscape.

Strategic Collaborations and Partnerships

Dedoes Industries has established strategic partnerships to enhance its product offerings and market reach. For instance, the company collaborates with Graco to provide a complete line of sealant, adhesive, and lubrication dispensing equipment.

Operational Insights

Dedoes Industries maintains a strong market position through its commitment to quality, innovation, and customer service. The company's extensive product line and strategic partnerships enable it to meet the diverse needs of the automotive refinish market effectively.

Strategic Opportunities and Future Directions

Dedoes Industries is well-positioned to capitalize on the growing demand for high-quality paint mixing equipment. The company plans to expand its product offerings, explore new market segments, and leverage technological advancements to enhance product performance and customer satisfaction.