The management of an Asian group specialized in petroleum, gas and coal business is interested in acquiring a business specialized in motor oil production in Europe. The buyer is looking for a large (50-200M revenue) manufacturer of motor oils and lubricants with the established multinational customer base.
The buyer is a financially strong Asian group of integrated companies in the energy business. The buyer’s businesses include the exploration, importation, and refining of crude oil, the manufacture, and sale of petroleum products, fuels, lubricants and similar activities. The company is very strong in its home country, in recent years it has been expanding its operations in other countries of Asia and Europe.
The management is looking for of companies which serve the automotive industry by motor oil/lubricant manufacture. The business of the buyer is growing in recent years, so the buyer has extensive funds available for acquisitions. The group reaches consolidated revenue of tens of billions EUR. Preferences of the target are listed below.
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The target company should operate in the lubricants/ motor oils manufacturing industry. To be interesting to the buyer, the revenue number of the target should reach 50 to 250M EUR, with EBITDA between 8 to 30M EUR per year. The geographical presence is not decisive, the target can be based in any country of Europe including Turkey. The target employee number should ideally be between 50 to 250.
The buyer is looking for large, well established companies with production exceeding 50 million litres of motor oil / other production. It would be of great interest if the target was focused mostly on automotive motor oils (40%-50%), the rest can be industrial, marine and other lubes/greases production.
The buyer will not consider companies engaged in the production and sales & marketing of petroleum/fuels. Preferably, the target will be a company with the solid distribution network and established a multinational customer base. On-site blow molding (bottles, pails, etc.) would be a plus. The transaction will be made by a subsidiary in Europe, the buyer I interested in 100% share acquisition.
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