Foundry for Sale in Asaba, Nigeria
Looking for an investment/buyout for the leading manufacturer and distributor of steel and non-ferrous products.
Premium Plan
| Established | 10-20 year(s) |
| Employees | 100 - 500 |
| Legal Entity | Private Limited Company |
| Reported Sales | USD 8.1 million |
| Run Rate Sales | USD 21.6 million |
| EBITDA Margin | 12 % |
| Industries | Foundries |
| Locations | Asaba |
| Local Time | 10:15 AM Asia / Dubai |
| Listed By | Business Owner / Director |
| Status | Active |
Full Sale
Asking Price:
USD
13.4 million
(Native Currency: INR 1,162,000,000)
Reason: We are looking for either a full sale or a partial sale.
For partial sale, the funds would be used ...
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Includes physical assets worth
USD
13.4 million
Interested to connect with advisors
Name, Phone, Email
Available after connect
Business Name
Not disclosed
User Verification
Documents
Tax Certificate
(58.1 KB)
Business Overview
• Established over a decade ago, the company is a leading Asaba-based foundry specializing in both ferrous and non-ferrous product manufacturing.
• It is a major manufacturer and distributor of steel re-bars, catering to 20 construction firms across Nigeria, with key grades being FE 400, 500, and 500D.
• Boasts state-of-the-art facilities and highly skilled professionals to ensure quality and efficiency in production.
• Significant focus on sustainability with recycling operations for lead-acid batteries and aluminium scrap, exporting to regions like South Korea, Japan, Europe, and India.
• Steel re-bars are central to the business, contributing 80% to revenue, while exported recycled products contribute 10% each for lead acid and aluminium.
• The firm operates with a steel production capacity of 10,000 tons per month but is currently utilizing only 30-40% due to raw material procurement challenges.
• Promoter oversees financial and investment activities from Dubai to leverage international business opportunities.
• While the sales declined last year due to economic conditions, the average monthly sales over the last few years have been USD 1.8 million dollars.
• It is a major manufacturer and distributor of steel re-bars, catering to 20 construction firms across Nigeria, with key grades being FE 400, 500, and 500D.
• Boasts state-of-the-art facilities and highly skilled professionals to ensure quality and efficiency in production.
• Significant focus on sustainability with recycling operations for lead-acid batteries and aluminium scrap, exporting to regions like South Korea, Japan, Europe, and India.
• Steel re-bars are central to the business, contributing 80% to revenue, while exported recycled products contribute 10% each for lead acid and aluminium.
• The firm operates with a steel production capacity of 10,000 tons per month but is currently utilizing only 30-40% due to raw material procurement challenges.
• Promoter oversees financial and investment activities from Dubai to leverage international business opportunities.
• While the sales declined last year due to economic conditions, the average monthly sales over the last few years have been USD 1.8 million dollars.
Products & Services Overview
The top products are steel re-bars that are sold to construction companies locally in Nigeria.We also recycle lead acid batteries, aluminium scrap which are exported to regions including South Korea, Japan, Europe, and India.
Assets Overview
Induction furnace with transformer panel & cooling system Make: Electrotherm.15MT 6000kw/500HZ.
3 magnet cranes 10 tons.
1 Grab crane 15 tons.
1 Laddle crane 50 tons.
1 empty laddle crane 40 tons.
Scrap Shed 198x20.
Furnace Shed 198x20.
Billet Shed 198x20.
Rolling Mill Shed 330x20.
Material handling Shed 330x20.
Overhead & Underground Water Tanks.
AOD with gas mixing stations and vessels Make: Amptronics -> 22 tons x 2.
Material Handling & Casting Laddles With Slide Gates.
Continous Casting Machine (CCM) Make: Concast India Ltd.
4/7 radius, 100x100 mould tube.
Rolling Mill Make: Preet.
3 Stand 16 inch roughing mill with 1125KW AC Motor, Gear, Pinion, and 2000MVA transformer, direct charging conveyor and automatic lifting table.
Reheating Furnace - 25tons/hour, Gas & coal fired with coal pulvirizer.
12 stand continuous intermediate mill with DC motors, pinions, gears, lubrication tanks, PLC Scada, crop & cobble shear, 5MVA transformer.
TMT with hot and cold water tank, cooling towers, pump house.
Continous shear, flying shear, tail breakers, pinch roll, twin channel, automatic cooling bed, cold shear, bar transfer, automatic bundling machine, and bundle conveyor, 2MVA transformer, water tanks, pump house, cooling towers.
6 stand block mill -> Make: PPRM. 950KW x 2 DC motors, crop & cobble shear, TMT, cooling conveyor -> 70Mtr. , collector, upender, coil bundling, with 2.5MVA transformer, underground lube tanks, oil purification systems.
Aluminium Plant Make: ROTARY FURANCE PLANT LTD.
Production Capacity: 5,000 tons Comprises of; Heating furnace.
Block oil tanks Pipes.
Conveyors.
Lead Plant Make: ROTARY FURANCE PLANT LTD.
Refurning pot Rotary furnace NOS CI mold CI mold 2 No. 30 metric ton.
MS mold 3 No. 3 metric ton.
Stirrer Compressor Stack 16 No. 1 metric ton.
Weigh scale Pollution Control Unit, 4 No. 1 metric ton.
EOT Crane:
- 3 No. 1 metric ton.
- 1 No. 1 metric ton.
- 2 No. 1 metric ton.
- 2 No. 2 metric ton.
- 1 No. 5 metric ton.
- 1 No. 7 metric ton.
Facilities Overview
Own land with the following structures:Scrap Shed 198x20.
Furnace Shed 198x20.
Billet Shed 198x20.
Rolling Mill Shed 330x20.
Material handling Shed 330x20.
Capitalization Overview
Funded through a 6.5 million USD bank loan.
Recent Activity
-
Earlier than 15 daysCTO, Engineering, Bhubaneswar, Corporate Investor / Buyer connected with the Business
-
Earlier than 15 daysBusiness Development Manager, Lagos, Financial Consultant connected with the Business
-
Earlier than 15 daysManaging Director, Steel Industry, Ba, Corporate Investor / Buyer connected with the Business
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