- Ad ID2316
- Posted On11 months ago
- Ad Views456
- Price16,000,000 ₱
Well established Chemical Manufacturing Company
The company is engaged in the manufacture and distribution of a full line of water based adhesives that are used in the packaging industry and in several consumer goods companies. The company has an excellent track record as a trusted supplier by providing timely solutions to its customers’ business problems through modification of adhesive formulations. The proprietary adhesive formulations could give the company a sustainable competitive advantage going forward. The owner intends to dive stone of the three divisions of the company which is the manufacturing operations, consisting of:
· Continuing customer orders
· Existing Inventory
There is also an option for the fixed and other assets of the division to be part of the sale depending on the agreement between the buyer and the owner.
Based on the owner’s input, the company is projected to grow sales by 20% in 2019 to P10.7 million from P8.9 million in 2018. Gross margins in 2018 were at 30%. There is potential for strong sales growth based on the robust pipeline of projected orders as shared by the owner. A company in the same industry with adequate capital can take advantage of the opportunity to expand its revenue base or diversify its presence through new markets or customers. The owner acts as the President and Chairman of the company. He is very hands on with the operations and has deep technical knowledge of the products. He is selling the division in order to focus on the other parts of the company. He is looking for a buyer who is willing to invest the working capital required to take the business to the next level.