Established in the 70's, the company started the business with producing cologne and by time has moved towards producing plastic bottles & taps. Today, most of the products are PET bottles.
The company’s sales are mostly to domestic clients such that exports constitute 3% of overall sales as of today. 70% of the sales are against customer cheques with an average maturity of 5-6 months whereas the remaining sales are on open account with an average collection period of 120 days.
Shareholder structure changed two years ago after the current major shareholder’s brother has sold back his shares. Subsequently, the new management has adopted a new strategy and shifted towards larger clients more from working with small companies.
The owners of the plastic bottle & closure producer located in Turkey are interested in considering for a full sale to a strong strategic buyer or a partial sale to preferably an investor which invested in this industry. The family owned business has been operating since 1970s producing PET bottles and closures.
The company’s profitability has increased despite a reduction in sales. Sales in the first two months of this year, compared to those of last year, imply an estimated annual growth rate of over 30% throughout the whole year.
Existing production has 3 shifts. Current capacity utilization ratio is estimated as 70% implying that any possible expansion in production hence sales does not require any investment in additional machineries. The company today operates 18 Nissei ASB machines.
Facilities are spread over an aggregate area of 15,000 m2, 10,500 squaremeters of which is closed area, composed of 3 floors, each of which is 3,500 m2.
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Product portfolio of the plastic bottle & closure producer for sale consists of mostly PET bottles & closures. Company currently has a wide range of product applications such as automotive, cosmetics, detergent, food, medicine, animal healthcare, agrarian pesticide etc.
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