Profitable Plastics Company for Sale in Nea Artaki, Greece

- We are a plastic recycling business located in Greece.

We have a production capacity of 12,000 tons/year.

- Have 3 state-of-art custom recycling lines.

- Have 30% export sales with strong relationships in domestic and European markets.

- Eucertplast and ISO-certified company.

- Management experience of more than 20 years.

- The sales of the business have decreased due to the huge recession in the European market and the low prices of polymers for almost 1.5 years now. Plus energy costs the demand was weak with low prices.

- Production machinery is max 5 years old which helps us to produce with half employees cost than competitors. Also after 40 years in the business, we know very well how to move about income, production and sales.

- We have stable cooperation with industries for collecting waste.

Recyclates PE, PP, PS, and ABS for various industrial applications.

Facilities owned by the company, stock material, know-how, certifications, machinery, client and suppliers etc.

1 self-owned facility which is a production site 10,000 Sq m where 1,500 is covered and the rest open. 2nd rent site is used as a warehouse of 15,000 Sq. m and the covered space is 6,000 Sqm.

- Business funded from earning turnover and the last 3 years from bank loans.

- All bank loans are on time, the amount remaining is EUR 700k and expires in the next 3 years.

- There is only one owner.