- Ad ID1988
- Posted On1 year ago
- Ad Views507
- Price3,500,000 ₱
A company with a solid track record built over the last four decades in the packaging industry.
The company was able to establish long list of clients. Existing corporate account and loyal clients are ready to be served.
Clients References include the following: Food Chain/Industries, Alex III Restaurant, Farms, Banks,Pharmaceutical Companies, Malls, Air Lines and Shipping Companies, Insurance Firms, Embassy and more. Their main products are:
1) Boxes for live chicks, lechon
2) Corrugated carton partitions
3) Peerless Boxes,
4) Regular slotted container boxes,
5) Storage boxes, pizza boxes and cake boards
6) Corrugated Mill Run Sheets
7) File Boxes
The Company is a forty seven (47)year old family corporation (established in 1972). It has ten (10) members of the board (related by consanguinity or affinity). Five (5) family members(including the founding chairman-president, three (3) board members and the eldest son of a board member) were hospitalized and passed away successively within a span of 20 months. This series of events has taken a heavy toll on the company’s finances and operations. Furthermore, the bereaved family is completing voluminous legal documents and complying with government requirements for the payment of corresponding estate taxes of departed loved ones. The foregoing circumstances have compelled the surviving family members / remaining directors & shareholders to sell the business. Due to their long experience and with the expertise of the their skilled workers, they were able to maintain their top clients but had to forego several requests for more orders from existing clients and new ones due to lack of new equipment and working capital. The Company has 12 skilled employees with over 20 years of experience.