The management of a Chinese based manufacturer of screwdrivers decided to expand in Europe and acquire an established brand of screwdrivers with a European market presence. Therefore, they are looking continuously on the market for suitable companies. The target ideally should have revenue exceeding 2 million euros, the management of the buyer is ready to finance acquisitions of up to 10 million euros.
The buyer company is a well-established, family-owned company, oriented toward screwdriver production. The company has grown into a modern factory with automated systems and a wide product portfolio.
The company sells its products on domestic and international markets and also exports to countries such as:
The company factory is located strategically by an important national highway, and not more than 200 km away from Hangzhou.
The premises of the company cover an area of more than 20 000 square meters and have modern equipment, including a fully-automated milling process hydraulic pressure lathe assembly line, a fully-automated plastics mold machine and heat treatment equipment. The buyer also includes a fully equipped testing center.
The production of the company has various certifications and has passed multiple European and international authentication procedures, such as TUV GS authentication. Some of the products are covered by patents in China.
The annual output of the buyer company exceeds one hundred million screwdrivers. Currently, the turnover of the buyer reaches over 30 million euros.
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Due to the company’s success, the management is looking for a way to become more relevant in European markets. This will likely be done externally by acquisitions or mergers. This is why the company is looking at options in Europe which could suit its development plans.
The buyer is looking for a target company with its own manufacturing capabilities. The target should be involved in the screwdriver, or similar tool production, and have its own production program and produce (at least partially) under its own brand.
The company should be financially stable, strong in the regional market, and have good references. The company should generate positive EBITDA. Although the buyer is open to any country in Europe, it would be of high value if the target was based in Germany, as it would serve as a headquarters for European operations.
Feel free to contact us for more information regarding this screwdriver manufacturer buyer or if you know possible suitable targets. For more buyers of companies, please visit the section companies wanted. We can help you with an active search for companies for sale. For companies for sale, visit the section companies for sale. To see only manufacturing companies for sale in Europe, visit our industry section manufacturing companies for sale.
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