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Fiberglass Tissue Plant For Sale
Location: Bulgaria -> Gabrovo
Industry: Manufacturing > Textiles and Materials Manufacturing




Business Summary

SIMAT factory is located in Gabrovo, Bulgaria. The company owns complete and operating fiberglass tissue production line and is looking to find a buyer or a client to rent it.

The town of Gabrovo with its traditions in production sector is known as one of the most attractive destinations for investors because of local government privileges for the business, good infrastructure with both overland and railway transportation, low-cost labor and highly educated technical specialist graduating at the local university.

SIMAT factory is located in the industrial zone of Gabrovo. It is established in 1938 with main business production of mirrors and glass elements for furniture.
The factory is producing fiberglass tissue since 1960. In 1990, SIMAT acquires and installs a modern production line to become a leading manufacturer of fiberglass tissue in the area. The equipment is capable to produce more than 20 varieties of fiberglass tissue according to the wet method. The production line is delivered and assembled in partnership with the companies RUMMER, VOITH, JOHANNES ZIMMER, LIPPKE and others.

The production capacity is 50 million square meters per year. The weight varies from 50 gr. to 120 gr. per square meter, with tissue width up to 210 cm. The product is used for hydro-insulation, insulation of buildings and vessels, insulation for road infrastructure, battery separators, insulation panels for filters, etc. Through the years SIMAT has been supplying fiberglass tissue for the needs of local companies such as IZOLA PETROV, HIDROMAT, SALAMBO, ISOMAT and others.

Buildings of the industrial plant are also for sale.


Financials

Asking Price Range:  $1.0M - $2.5M
Gross Revenues:   $1,000,000
Cash Flow:   $10,000,000
Cash Flow Type:  EBITDA
Inventory:  $1,500,000
Seller Financing:  Not Disclosed

About The Business

Year Established:  1990
Number of Employees:  20 - 34
Relocatable:  Yes
Franchise:  No
Current Real Estate:  Owned
Property:  Property For Sale

About The Sale

Management Training and Support:  Yes
Reason For Selling:  Owner is changing area of investments

Photos

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Fiberglass Tissue Plant For Sale Photo 1 Fiberglass Tissue Plant For Sale Photo 2 Fiberglass Tissue Plant For Sale Photo 3




Print Listing Id: 700237565
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Also See: Franchise Opportunities > Franchise Resales > Business Brokers > Commercial Property For Sale > Commercial Property For Lease



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