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Established decades ago, this reputable Sourcing and Distribution company is a world leader in the design and development of ceramic tableware.
Highly regarded and trusted they are one of the most accopmplished private label developers and suppliers of ceramic tableware in the world. Clients include major departments stores and supermarkets, and some of the most prominent private labels and brand names.
The business also houses their own brands and these brands have long been well recognized by markets as top-notch quality and on trend.
With key staff located remotely, the company has access to the best ceramic manufacturers throughout China and continues its pursuit of excellence in design. It remains at the cutting edge of development by continually launching of ceramic products with new styles, techniques and applications.
The business has enjoyed a stable revenue stream over the past few years. Business sales have remained consistent in the COVID economy.
In recent years, the Owner has turned his attention to larger assets in their portfolio. Recognising this is curtailing the business’s real potential he is pursuing a divestment strategy of this non-core asset. This represents a unique opportunity for a Buyer to either continue to run the business in its present way or be acquired by a larger organisation with greater resources to capitalize on current and future growth prospects and synergies.
The acquisition provides the purchaser with the all the following benefits:
Instantly becoming a major player in the ceramic tableware market
Major retailer and private label customer accounts
Strong relationships with Chinese factories and suppliers
Consistent sales performance
Streamlined and documented product development, logistics and internal business processes
2019 Revenue: $12.2m
2019 EBITDA: $1.1m
Divestment of non core asset
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