
Athens pharmaceutical and cosmetics producer for sale

Athens pharmaceutical and cosmetics producer for sale
Athens Pharmaceutical Producer
40 registered pharma & cosmetic patents
Excellent option for entering the EU pharma & cosmetics market
€ 15,000,000
Our client is a pharmaceutical and cosmetics manufacturer and distributor based in Athens, Greece that is interested in selling either 80% or 100% of their business. Their asking price is € 15 million for 100%, but this price is negotiable and is based primarily on physical assets, not enterprise results.
The company comprises two legal entities based in a 30,000 sq. meter plot in the north-eastern suburbs of Athens, along a major highway and in close proximity to the Athens Ring Road, Airport and Lavrio Port. There is a building of 7,000 sq. meters, and an additional 20,000 sq. meters can be built on the plot. All operating and product licenses are in place. All debt is currently being serviced.
The company has been hit by the Greek financial crisis, particularly as regards sales to the national health system. This is reflected in the poor consolidated financial results seen below.
2016 Financial Highlights (€ mln)
Sales 3.536
Gross Profit 2.097
EBITDA 1.403
Net Profit -0.127
Long Term Bank Debt 2.508
Short Term Bank Debt* 0.094
Total Bank Debt 2.602
The current product line up includes own products and imported brands sold OTC and by prescription. The pharma product range includes pills, sprays, and lotions for:
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alimentary tract & metabolism
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antithrombotic agents
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cardiovascular drugs
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antimycotics
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antibacterials
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anti-inflammatory and antirheumatic products
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bone disease drungs
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drugs for muscular skeletal disorders
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antidepressants
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psychoanaleptics
The cosmetics product range that is and can be produced is wide, and includes the following in addition to pharma pills/tabs:
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Shampoo
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Foam Bath & Shower
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Liquid & Solid Soaps
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Body Creams
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Hair Lotions
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Hair Masks
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Hair Gels
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Shaving & Aftershave Products
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Hand & Nail Creams
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Face Creams
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Emulsions & Face Clarifying Lotions
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Mouthwash Products
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Toothpastes
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Essential Oils
In addition to own production, the company imports a range of cosmetics from European producers.