Lloyds Brokers has completed the Sale of a highly successful and much sought after Hong Kong based world Leader in the Design and Development of Ceramic Tableware company with blue-chip customer base.
Stoneage Ceramics International HK Ltd (Stoneage), houses 3 brands and these brands have long been well recognized by markets as of high quality and fashionable. It is also one of the largest and most respected private label developers and suppliers of ceramic tableware.
Stoneage's clients include some of the world's most prominent private labels and brand names.
The acquisition of Stoneage provided the purchaser with the all the following benefits:
Major national and international retailer and private label customer accounts
Strong relationships with Chinese factories and suppliers
Consistent sales performance
Streamlined and documented product development, logistics and internal business processes
Simple business model driving operational excellence.
Low working capital requirement – no need to carry stock.
Well regarded reputation in the market.
Strong design and development capabilities – top designers and highly knowledgeable staff.
Direct access to the best ceramics manufacturers in China.
Stable revenue stream with profitable margin.
Venerable and diverse customer base.
The sale was conducted by the Lloyds Research Director Dianne Reynolds who, through using the proven Lloyds Brokers Business Sales Process, in conjunction with the application of target marketing, produced some spirited offers which was able to achieve a pleasing result for both Vendor and Buyer.
If you own a business in the import, wholesale or online sectors, talk with Lloyds Brokers for advice on how to buy or sell a business. Contact the experts at Lloyds Brokers, Australia's industry-leading Corporate Broker on 1300 366 943.