Lloyds Corporate Brokers has completed the Sale of a Fast Moving Consumables Goods Business (FMCG) with offices in Australia, USA, Europe, Asia and New Zealand.
Established almost twenty years ago, DMD International specialises in the import/export, wholesale and distribution of homewares and textiles to a select number of highly visible, high volume national and international customers.
Headquartered in Australia with offices and representation in USA, Hong Kong, Shanghai, Germany and UK with revenues over $40m, products are manufactured to a selective group of top-tier retail clients through its unique value-add service offering which provides research, design, sourcing, product management, product audit trail and delivery straight to market. Since its inception it has built trusted relationships with customers and suppliers and enjoys the benefits of being a mature and proven supply chain.
With the Founders seeking retirement the business represented a unique opportunity to investors and it was eventually acquired by a larger organisation with greater resources to capitalize on current and future growth prospects including:
Lloyds initiated the sales process with a Business appraisal and Preparation of an Information Memorandum and Marketing teaser. This highly sought-after business received dozens of qualified enquiries and 5 offers.
Lloyds facilitated introductory meetings between prospective buyers and the Vendor and worked with the Vendor and the Advisors through the Sale process, including Deal structuring and negotiation of Sales terms.
The Sale was conducted by Lloyds' Corporate Broker Dianne Reynolds and Managing Director Garry Stephensen who worked closely with the vendor to achieve a successful result for both vendor and buyer.
If you own a business in the Import, Export, Wholesale, Manufacturing sector, talk with Lloyds Corporate Brokers on 1300 366 943 for advice on how to buy or sell your business. We have teams of brokers in Melbourne, Brisbane Brokers, Adelaide Brokers and Sydney Brokers.
