2024
Before Acquisition
✓ Leading player in the household market (garbage bags, food packaging, cleaning items)
✓ Production plants, waste segregation lines, warehouses
EV €58.32m (5.3x EBITDA post 2024 synergies)
After Acquisition
✓ Synergies across all business functions (consolidation of commercial activities, production, WHs)
✓ Further commercial and sustainability benefits (circular economy)
2020
Before Acquisition
✓ Cosmetics brand (bar & liquid soap, bath & shower)
✓ No1 in branded bar soap, hand wash & bath foam-30 yrs of history
✓ €16m sales in 2018
Cost at €10.8m (5x EBITDA post-synergies)
After Acquisition
✓ Support on existing operation by leveraging the brand’s strong presence
✓ Additional PZC brands through strategic partnership agreement
✓ Opportunities for further expansion & future production synergies
2018
Before Acquisition
✓ Leading player in the household market
✓ 46% of sales exported to Russia, CIS countries and Europe
✓ €26m sales – €3.1m EBITDA in 2017
Cost at €16.0m (5x EBITDA EV= €17.5m 90% of share capital)
After Acquisition
✓ Debt-free business
✓ Expansion of the current business by overpassing previous obstacles
✓ Geographical expansion
✓ Opportunity in introducing Sarantis cosmetics brands within the new territory
2018
Before Acquisition
✓ Cosmetics brand (hand-body-foot care)
✓ No 1 in hand cream – 70 years of history
✓ €7.0m sales in 2017, marginal profitability
Cost at €8.5m (4.7x EBITDA post-synergies)
After Acquisition
✓ Day 1 increased profitability
✓ Slovakia subsidiary leveraging INDULONA’s strong commercial presence
✓ Exploit further synergies from production transfer
✓ Opportunities for further expansion in Sarantis region
2015
Before Acquisition
✓ Production of PL Garbage Bags
✓ Warehousing and production facilities in Poland
✓ €13.7m sales – 2% EBIT margin in 2015
Cost at €4.5m 70% of share capital
After Acquisition
✓ Sarantis business production transfer leading to better cost
✓ Increase of capacity and improvement of production processes opportunities for further growth in sales
2015
Before Acquisition
✓ Hand-dishwashing liquid
✓ €5.2m sales in 2015 & €0.5m EBITDA
Cost at €3.5m (2.5x EBITDA post-synergies)
After Acquisition
✓ Synergies in OPEX & production (transferred to own plant), commercial synergies
✓ Relaunch/redesign/repackaging, A&P investment
✓ Entrance in new subcategories (liquid & bar soap, post shave)
2014
Before Acquisition
✓ Cosmetics brand (deodorants, shower gel, shaving foam)
✓ €8.5m sales in 2014 & €1.4m
Cost at €8.7m (2x EBITDA post-synergies)
After Acquisition
✓ Synergies in OPEX & production transferred to own plant), commercial synergies
✓ Relaunch/redesign/repackaging, A&P investment
✓ Entrance in new subcategories (liquid & bar soap, post shave)
