Contract Manufacturer of Personal and Home Care Products
This is an opportunity to acquire an established and reputable independent contract manufacturer of various skin/hair care, bath/body wash, and hand soap products located in the Greater Toronto Area.
The business has a large product portfolio of soaps, shampoos, conditioners, lotions, and oils. The company operates out of a modernized manufacturing facility of 43,000 sq. ft. that has been purpose-outfitted. Its customers are established brands and brand owners of well-known personal care products.
The company’s reputation is developed and built on superior quality, commitment to customers, and developing innovative product solutions. The business works directly with a diverse and loyal customer base to provide customized solutions and develop formulations to specifications.
Growth opportunities are endless and include growing the existing client portfolio, as well as adding its own product line to the company’s throughput. The existing facility can handle up to approximately $15mm in annual turnover without major further investment.
Current owners are involved in general business oversight and some project and customer management. Management is willing to stay for an extended post-acquisition period to facilitate the business transition.
The asking price for the business is for a share transaction on a debt-free, cash-free basis, with a normal amount of working capital included (approx. $2,000,000). The financials below are for its trailing 12 months and anticipated FYE 2023 matching them.