The owner started this business in 1990. He has now reached retirement age, recently suffered a physical injury and wishes for a lifestyle change. The owner is willing to remain on for a negotiated period to facilitate an orderly handover.
They accept clean plastic scrap from factories that make plastic articles (process scrap), industrial plastics (predominantly used packaging plastic from industry), and post-consumer plastics (used packaging and articles made from plastic) The business specializes in Polyethylene plastics. The plastic is sorted into different types, colours and if possible grades. The plastic is then recycled into Low and High Density Polyethylene pellets which are sold back to their clients. The company did not collect waste but collected all its raw materials from its customer base. The market is such that all manufactured products are easily absorbed into the market.
They have a blue-chip client base servicing well-known beverage and pharmaceutical businesses, and they also have a cross-border project in Mozambique.
They have 13 employees, all of who have been with the business for some time, know their roles and wish to remain in the business. There is a General Manager in place who has been with the business for 19 years and looks after the day-to-day operations. An admin/finance person looks after the administrative requirements of the business. The owner essentially fulfils a sales role, something he has been unable to do lately due to the injury.
They have some extensive assets in the business, with replacement value estimated at around R6.0m. A full asset list is available.
