Industry: Forestry Region: France Transaction price: $1 million Transaction method: equity financing
Brief introduction:
As part of its strategy to switch from cork-bleached to non-bleached cowhide pulp, the company has signed an agreement with the French Energy Regulatory Commission to sell green energy to the grid at above-market prices, and to subsidize a below-market scheme to buy electricity for its bioturbines. Countries and regions have auxiliary measures to maintain business and protect employment.
Details:
Key information:
43 ha
Capacity: 260,000 tons/year
Turnover in 2019:117.5 million euros
Earnings before interest and tax 2019: eur 28m
Staff of 306 people
Main technology:
Continuous digester
DEDED bleaching sequence
900 tons of air-dried pulp/day
Daily solid processing capacity of recovery boiler: 1450 tons
Sales:
Exports accounted for 85% of net sales in 2019
Distribution of sales industry in 2019
The company is currently in judicial restructuring and looking for an investor (asset purchase agreement).
Investment information
Geographical advantage
The factory is located in the largest forest area in Europe
The factory is surrounded by raw material production areas within a radius of 250km
The annual timber handling capacity is about 1,150,000 tons
Close to various transportation hubs (air, land and rail)
68%
26%
4%
2%
Textile printing
A special card
Effective compliance
Total capital expenditure since 2010 is €83 million
Continuous renewal of plant equipment (€34m in 18-19)