The company was established in the early 90’s and started as the sole representative of a leading of a leading chemical company. This strategy was abandoned after some years when the company started to distribute chemical products for more suppliers. At the moment the company represents a large number of well known clients. Also the company has been doing production of tailor-made products for the last 12 years.
The company for sale has its own in house R&D that focuses especially on polymers. The main objective of the R&D department is to improve processes and decrease relevant costs for its clients. The company is considered as a separate free zone company (transit trade). Gross margins are 20% and margin of Earnings After Taxes are 7-8%.
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The company focuses on commodity and speciality chemicals and plastics. It has a large product portfolio that includes products for automotive, paint, insulation, food and plastics.
The composition of revenue consists of 60% chemical distribution , 25% plastics distribution and 15% own production. The own production consists mostly of tailor made polymers.
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