Innovative Leading Aquaculture Equipment Company Outside Thessaloniki For Sale

The business is one of the best opportunities for investment to acquire a product range targeting fishing and aquaculture businesses with established as well as innovative products and a solid source of revenue. The owner is looking forward for an established partner with worldwide market access, and is willing to remain as CEO.
The business is one of the largest fishing and aquaculture equipment manufacturer in Greece. The clients range from simple fishermen to the largest local aquaculture companies. The company invested in R&D and patented products that reduce fuel costs up to 30% in fishing nets, enables stronger, lighter and cheaper fish farming nets and double fish breeding efficiency. The company can also produces nets for sports. The pandemic had no influence on sales. This a low-risk medium-returns investment.
The business objective of the company is to triple its sales in 5 years time and become mainly export-oriented, the only obstacle being access to international markets.
The business was founded in 1982 by the late father of the current owner, as an importing company of fishing equipment. In 2020, net sales are at 4,8MEUR(2020), over 6% from previous year with EBIT at 763.526 EUR. For 2021, the data point to 6MEUR sales, 1,35MEUR EBITDA and 1MEUR net profits.
The business invests in R&D to further enhance its products, having invested in software and additives, co-funded research with academia and universities for new products targeting aquaculture as well as recycling. In 2022 a new R&D and manufacturing facility of 10.000sqm will become operational, to facilitate further development of its products.
The headquarters, manufacturing, warehouse and R&D facilities are located in the prefecture of Thessaloniki, near a well-known fishing port. All installations are owned by the company.
Currently there are 90 people at the company, 70% of them in manufacturing, 6% in distribution, 10% in finance and 14% in warehousing.