What changes when a manufacturer’s owner is selling to move abroad?
The handover has a firm end date, so plan it early. Get process knowledge written down, meet key customers and suppliers in person, arrange remote support after closing, and consider holding back part of the purchase money for claims when the seller will be hard to reach.
An owner who is leaving the country sells on a clock. That can work in your favour on timing, and against you on everything the owner carries in their head. In a plant, much of what makes the business work is never written down. If the seller will be far away and busy after closing, you have one chance to collect it. This page covers the practical side of that handover.
Get the know-how on paper
Ask the owner to record recipes or formulas, machine settings, set-up steps, quality checks and the way jobs are quoted. Watch a few runs with the owner standing beside the operator. The notes are only useful if someone on the floor can follow them, so test them while the seller is still there to answer questions.
Introductions in person
Key customers and suppliers should meet you while the owner is present, ideally at their site or yours. A warm introduction from the person they trust carries more weight than any letter. Agree in advance what you will say about the sale and when, so nobody hears the news from someone else.
Support after closing and protection for claims
Agree how the seller will stay reachable once abroad: set hours, a time zone that works, a defined period, and what happens if a question goes unanswered. A question to raise with your lawyer is how warranty or inventory claims would be handled if the seller is hard to reach. Tax questions can be raised with an accountant.
- A written handover plan with dates.
- Documented processes, tested on the floor.
- In-person introductions to key accounts.
- Agreed remote support after closing.
Related reading
10 pages on the same subject, grouped by topic.
Due diligence
Buying
Selling
Sources
This answer is checked against primary sources. Links were last confirmed on the dates shown.
- 01Business Development Bank of CanadaGovernmentAfter buying a business, what is the next step?
- 02Business Development Bank of CanadaGovernmentUnderstanding post-merger operational integration
- 03Business Development Bank of CanadaGovernmentWhat are the steps to buying a business?
- 04Business Development Bank of CanadaGovernmentMajor pitfalls to avoid when negotiating a purchase agreement
Deavo is an advertising and listings platform, not a brokerage, law firm or valuation firm. This page is general information, not legal, tax, accounting or valuation advice, and rules differ by province. Confirm anything you rely on with a qualified professional before you act on it.