ALLOCCO SA
INVESTMENT OPPORTUNITY
Sale of Industrial Plant for Engineering, Manufacturing and Installation of Complete Plants and Equipment, for extraction of oilseeds oil. Currently Working. Villa Gobernador Gálvez, Santa Fe Province.
By resolution of the Court in charge of ALLOCCO SA' bankruptcy, Sapin S.A. has been appointed responsable to sell the Company's Industrial Plant - Specialized in designing Plants and it's equipment, for the extraction of soybean oil and other oilseeds. SEPTEMBER 2014 - Ongoing
Sale of Industrial Plant for Engineering, Manufacturing and Installation of Complete Plants and Equipment, for extraction of oilseeds oil. Currently Working. Villa Gobernador Gálvez, Santa Fe Province.
By resolution of the Court in charge of ALLOCCO SA' bankruptcy, Sapin S.A. has been appointed responsable to sell the Company's Industrial Plant - Specialized in designing Plants and it's equipment, for the extraction of soybean oil and other oilseeds. SEPTEMBER 2014 - Ongoing
Allocco's Summary & News
Investment Opportunity for companies related to the Oilseed Industry
ALLOCCO IS A FACTORY OF SOYBEAN PROCESSING PLANTS AND OTHER OILS, BASED GOV. GALVEZ, 15 MINUTES FROM DOWNTOWN OF ROSARIO, REP. ARGENTINA, FOR SALE BY THE COURT THAT DECLARED ITS "BANKRUPTCY, WITH ACTIVITY"
THE COMPANY "BANKRUPTCY WITH ACTIVITY"
Data provided by the Trustee in bankruptcy without verification from SAPIN SA Business Consultants - M&A:
Allocco's business, ownership of the building and the legal situation of bankruptcy:
All information was quoted by the Trustee, but without verification by Sapin Sa – Business Consultants M&A, so it’s not responsible for inaccuracies contained herein.
Sapin SA will produce more information that will be sent to interested companies who have so represented and agreed with sapin. The sales charge is fixed by the court and strict time limits set by the court order make us advance on this incomplete summary.
- ALLOCCO manufactures and installs complete plants and machinery for extracting high volume of soybean oil and other oilseeds, by Pressing System, with capacity up to 20,000 tns per day.
- It also provides individual equipment, with a catalog that includes four main equipments for the solvent extraction process.
Data provided by the Trustee in bankruptcy without verification from SAPIN SA Business Consultants - M&A:
- Allocco turnover in 2009 was approximately U$S 30 MM.
- In 2010 it completed the sale of a complete plant for U$S 13 MM to Bunge, near the city of Rosario.
- It was acquired in June 2011 by the Belgian Company Desmet Ballestra in U$S 20 MM. Soon Desmet passed to a financial group and under the new owners had financial difficulties. A few months later was acquired 100% by Marcelo Markous.
- Finally the company as insolvent was declared bankrupt in 2013.
- In 2014, after receiving a refund of ARG$ 6 MM (about U$S 600.000) from the AFIP (National Tax Agency). In June 2014, The Court in charge of the Bankruptcy reopened the activity with 70 of the 200 employees who have reached the company. Currently, they would be performing some repairs to equipment and spare parts sold to customers of the firm.
- Industrial Plant: The plant has a building of 7.000 m2, with tall ships, all with crane bridges according to the manufacturing tasks. Offices in very good condition over three floors. General Management and Stock Management Systems are working, and provide daily updated information.
- All equipment, mostly digital machine tools, are in operation and the complete list, with specs, is inventoried and available in the data room.
Allocco's business, ownership of the building and the legal situation of bankruptcy:
- The building of 7.000 m2 on a plot of 10.000 m2, following financial difficulties of recent partners, was sold to the former shareholders in U$S 2.6 MM. The operation was done for the sole purpose of having liquidity and with a signed Repurchase Agreement, at the option of the company ALLOCCO, by a third party appraisal value. So the operation could easily include the entire infrastructure.
- Based on the figure of the previous value, without contracts in place and this need to rebuild the business, with the only purpose of sizing the investment, should think of a value within the range U$S 5-10 MM, this figure will be more approaching with some pending data, for a better valuation.
- The sale of the plant with all the equipment has been entrusted by the presiding judge, without basis, to Sapin SA - Business Consultants M&A.
- There is a certain urgency to find a buyer, who can resume activities, as funds received enough to reach 10 months of reduced activity. The current level of overheads and staff round ARG$ 500,000 (up to U$S 50,000).
- The intended market is mainly export to Brazil, which continues to grow in soybean production and complementary local market, large equipment production lines and spare parts for plants.
- A real opportunity for acquisition of a working Factory that showed ability to sell and install important plants with relevant references.
All information was quoted by the Trustee, but without verification by Sapin Sa – Business Consultants M&A, so it’s not responsible for inaccuracies contained herein.
Sapin SA will produce more information that will be sent to interested companies who have so represented and agreed with sapin. The sales charge is fixed by the court and strict time limits set by the court order make us advance on this incomplete summary.
