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Project Box provides the opportunity to acquire a profitable manufacturer of corrugated cardboard boxes..
Our client is based in the North of England and supplies a wide range of customers across many sectors including manufacturers, wholesalers, high street retailers, online retailers and packaging merchants.
Operating for over 10 years the Company is experiencing year on year growth and controlled expansion under the current owner.
The Company is operated as life style business by the owner who has worked within the industry for a number of years.
The business has a loyal and experienced workforce, the owner wishes to sell all or a significant proportion of the share capital and relinquish some of the day-to-day responsibility but is prepared to stay within the business for up to 3 years in a sales role.
The business is profitable, with annual turnover in FY18 anticipated to be £3.6m (FY17 £3.0m) which is expected to generate an EBITDA of circa £215,000 (FY17 £228,000) the reduction in EBITDA from the previous year is primarily due to increased raw material costs.
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