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Shane Cremin and Brent Morgan, as joint and several Voluntary Administrators of Cross Laminated Offsite Solutions Pty Ltd (CLOS), are urgently seeking expressions of interest to revitalise the company, offering an investment opportunity for recapitalisation or acquisition.
Formed in 2017, CLOS specialises in the design, manufacturing, and prefabrication of modular and flat pack buildings.
According to the administrators, the opportunity comprises fully integrated production lines equipped with state-of-the-art machinery.
With a diverse portfolio, CLOS delivers mid-rise, single, and multi-level architecturally designed modulars suitable for various applications, including:
- Affordable housing
- Extensions and renovations
- Flat pack structures
- Holiday homes
- Commercial mid-rise or multilevel structures
- Key worker and retirement village accommodation
- Site offices and display suites
CLOS has also reported revenues of approximately $4.3 million for FY 2023 and $6.1 million for FYTD 2024. The company has a project pipeline valued at over $12 million for 2025.
The Victoria-based firm employs an innovative business model with automated production and assembly lines, offering an efficient and high-quality manufacturing process.
According to the administrators, CLOS has a highly skilled design team and experienced manufacturing and construction staff.
Additionally, CLOS operates from a strategically located, long-term leased facility in the historic Ford Factory in North Geelong.
Interested parties are encouraged to submit their expressions of interest in writing by 5 PM on 7 June 2024.
To proceed, you may contact Alex Mendez of Rodgers Reidy to obtain a Confidentiality Agreement and Information Memorandum via email at amendez@rodgersreidy.com.au.
For more information on this and other assets for sale, visit Rodgers Reidy.
