Chemicals Business for Sale in İstanbul, Turkey
Project Tulip is a well established company specialized in producing polyethylene and polystrene foam. Tulip serves both global and local reknown clients in various industries, including white goods, building materials. The company has an operating margin between 10%-15%
Production facilities are spread over a total area of 21,600 m2 and a closed area of 9,000 m2.
Project Tulip is a rapidly growing cash-rich and profitable business with over the industry average operating profitability and a unique business model. The company has over 1,000 active clients has a well-managed risk in terms of diversification and receivable collection.
The management is strictly avoiding any deferred payment and hence looking for a full cash sale.
Key financial facts and forecast
Tulip has around USD 1.2 Mio EBITDA as of 2018 and is estimated to increase significantly in terms of domestic currency in 2019.
Reason for selling
Main shareholders of Project Tulip are considering the following options :
1) A full sale, if not a majority sale that involves a transition period
2) Partnering or creating a JV with an experienced strategic investor
3) Financial sale is not in the agenda as the company does not need partnership for finance raising.
Category: Business | Chemicals
Located in: İstanbul, İstanbul, TR