A Specialty Rubber Hoses manufacturing company is up for sale.

1. An Automotive Ancillary company engaged in the manufacture of Specialty Rubber Hoses conveying coolant, water and fuel for various automotive sub-systems (Radiators/HVAC)
2. The company is a joint venture with a European technology partner and plans to exit the rubber hose business by a complete sell-off of its manufacturing plant in Western India.
3. It has been a key supplier to a leading car maker, which contributed ~90% of its revenues. The car maker’s exit from India is a key reason for this JV to be put on the block.
4. The Plant has clocked a peak operating revenue of ~INR 72 Crores (at ~70% plant utilization) whilst maintaining EBITDA levels at ~20% in FY17 / 19. The maximum revenue potential with existing lines is up to INR 100 Crores.
5. Technically qualified staff of 50+
6. Land and Building (L&B) will not be a part of the deal. Buyer will need to take the premise on lease from the Indian Promoters who own the L&B.
7. In-house lab facility

Advantages:

1. Ready running plant
2. IATF 16949, ISO 14001 Certified
3. Established supplier base
4. Quick tooling development capabilities
5. Ford Q1 certified plant

Manufacturing strengths:

1. PLC controlled curing system for shaping of hoses
2. Pre parked clamping machine
3. Poke-Yoke assembly jigs
4. Capable to design and manufacture EPDM hoses for battery cooling sub systems in EVs and even non-auto applications.