Back to Listing

Producer of Hoisting & Lifting Machinery and Household Appliances

Bulgaria
Contact M&A Advisor





    Compare Listings

    Receive a free, no obligation business valuation here X Dismiss

    Producer of Hoisting & Lifting Machinery and Household Appliances

    TBA

    Description

    Main producer of stacking machines in Eastern Europe.The long experience in the production proves that the company’s products are reliable. They are distinguished for their low operating costs and have extremely long-term operation.

    • Establishment of the Company
    • Transformation in a state-owned company
    • The first Certification for CE marking by TUV- Germany
    • Transformation into a private company
      • increase in production volume;
      • opening new customers and markets;
      • sale of surplus properties;
      • increasing competition,
      • reduction of product prices,
      • increase in the prices of materials,
      • reduction of orders due to the crisis,
      • increase in credit indebtedness,Investment of over 1 500 000 EURO in buying new technological equipment;Many World-famous concerns started their activities at the beginning of the last century as small family businesses. This is how the history of a Bulgarian company develops. Founded a little over 100 years ago by 4 brothers, the small workshop today is a huge enterprise producing household stoves, hoists, trans manipulators and pallet trucks. In all the years of its existence the company has been a structural determinant and of a great public importance for the region.The first steps in founding were made in 1916. In the 1930s, modules and machine elements were produced for the developing Bulgarian industry. In the early 1950s, after nationalization, production of more complex structures, elements, platforms and electromechanical products began. In 1964, the first electrical hoist was produced. In the 1970s, the production of electric hoists and household appliances (cookers) increased significantly. In 1971 and 1973 respectively, the first rack-stacking crane and the first electric cooker is produced. In 1988 the first hand pallet truck is produced and in 1990 – the first wood burning stove.After 1989, the company went through a difficult transition, but found a market to realize the traditions and quality with European and Russian partners. In 1997 the company became a private company.In 2001 the company was certified according to ISO 9001: 2000.Certified quality Correctness Teamwork

        Dynamics

        Integrity Ethics

        Corporate Statement, Mission and Vision

        Mission

        With the lifting equipment to make the hard work lighter and more attractive, with the heating devices to warm the people.

        Vision

        In every company – our lifting equipment, in every home – our heating appliances.

        Corporate Statement

        Our aim is to provide optimal products in order to meet the needs of our customers. The company believes that by maintaining a healthy business relationship with its customers, suppliers and employees it will result in further success and future prosperity. We also believe in our people and value their commitment, skills, attitude and effort.

        Product & Market Structure

        60% Hoisting & Lifting Equipment
        40% Household Appliances
        Markets: Domestic and international, over 75% of sales to foreign markets: EU countries, Russia, South Africa, etc.

        Lines of Business

        Spanning more than ten decades, the Company is a fully integrated and innovative business with 2 main lines of business:

        –  Hoisting & Lifting Equipment including chain electric hoists with a capacity of 1 to 10 tons, rope electric hoists with a capacity of 1 to 25 tons, cantilever and gantry cranes, pallet trucks, forklifts, transmanipulators, manual chain reels.

        –  Household Appliances – a wide range of free-standing fireplaces and built-in chambers (dry and with water jackets), electric cookers, solid fuel cooking and heating stoves, pellet boilers and burners.

        SWOT

        large production capacity;
        trained and prepared staff;
        good location; developed customer network;
        developed foreign markets;
        excellent reputation among customers;
        high quality products, some of them unique; implemented quality system ISO9001: 2015; international licenses for some of the products;

        WEAKNESSES

        the production capacity is not loaded; insufficient orders;
        redundant real estate;

    Detail

    Updated on March 22, 2021 at 10:29 am

    Property ID:L#20210039
    Property Type:Manufacturing
    Property Status:For Sale
    Asking Price: €9,000,000
    Gross Revenue:TBA
    EBITDA:TBA
    Reason for Selling:Intention of the shareholders for restructuring of the group’s businesses. The current management is going to support the transition to the new owners and provide support, if needed
    Country:Bulgaria
    Contact M&A Advisor





      Schedule a Tour

      Your information

      Similar Properties

      $15,900,000

      437 Acres of flat vacant land bordering the City of Grande Prairie, Alberta. This prime Canadian urban development opportunity plans to support a population of 20,000 residents, making this land one of the key development sites fo ...

      $15,900,000
      TBD

      Manufacturing

      The company is a privately held technology company with headquarter in Switzerland and representation in Germany, China and USA. It is based in Zug, Switzerland, Germany, USA and China and was founded with the goal of d ...

      TBD
      TBA

      Manufacturing

      €1,700,000TBD/EBITDA

      Manufacture, transformation and regeneration of plastic materials , paper and similar; Fabrication of precast for walling and insulation in glass, cement and plastic ; Design and construction of equipment and install ...

      €1,700,000TBD/EBITDA
      TBD

      Manufacturing

      13 Year Old High-End Luxury Fur Clothing Business for sale, the raw material is acquired in Europe (Denmark, Poland, Netherlands) and manufactured in Ukraine (Kiev). The majority of the products (80-90%) is made by Mink, the rest ...

      TBD
      TBD

      Internet Businesses, Manufacturing

      $30,000,000

      Production of cast billets and crushed stone-sand mixtures. The manufactured products comply with three international standards. The equipment of the steel making complex includes: – 50-ton steel arc furnace from STB; – 35 ...

      $30,000,000
      TBD

      Manufacturing

      €42,900,000TBD/EBITDA
      Production of earthmoving equipment and agricultural machinery "Made in Italy"

      The company specialized in the production and design of components for medium-heavy carpentry for construction equipment, agricultural machinery, lifting equipment and military machines. Reference market: The target market is the ...

      €42,900,000TBD/EBITDA
      TBD

      sqft: 50000

      Manufacturing


      No Review ( 0 out of 5 )

      Write a Review

      Login for Review

      PREVIOUS PROPERTY

      System Integrator IT Company in Bulgaria

      NEXT PROPERTY

      30 Year Old Tobacco Manufacturer, Distributor, Retailer

      MergersCorp M&A
      International As seen on

      • brand 1
      • brand 1
      • brand 1
      • brand 1
      • brand 1
      Skype