Established in May 2008, the business embarked on a journey with a single extruder and bag maker.
Over the years, they have expanded their operations to proudly house five extruders and four bag makers, consistently achieving year-on-year growth. In the 2010 financial year, their manufacturing prowess led to the production and delivery of nearly 30 million plastic bags.
Today, they proudly stand as a robust production facility in Wellington, specializing in a versatile range of plastic packaging, churning out 100-130 tons per month in various sizes and colours.
In 2022, a strategic partnership was formed with a renowned company specializing in LDPE and HDPE irrigation pipes. This collaboration has not only strengthened the management synergy between the two entities but has also solidified their market presence.
The primary focus remains on manufacturing and packaging for the export fruit market, complemented by an additional line of dustbin bags to diversify our product offerings.
As of the year-end 2023, their financial snapshot reveals a net profit of R 623,182 and depreciation of R 369,364, resulting in an EBIDTA of R 992,546. Multiplying this by 3, we arrive at a business valuation of R 2,977,638.
We are currently offering a 38% ownership stake for sale, priced at R 1,131,502, inclusive of the shareholder loan of R 1.9 million. For those interested in a larger share, alternative options are available for exploration.
This presents a remarkable opportunity to acquire a 38% share at a compelling price of R 2.5 million, inclusive of the shareholder loan.
Don't miss the chance to become a part of our success story. Contact us today to delve further into this enticing investment opportunity.
