Fabristeel Pte Ltd
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Fabristeel Pte Ltd - overview
Established
1979
Location
Singapore, -, Singapore
Primary Industry
Materials
About
Fabristeel Pte Ltd specializes in commercial kitchen solutions, focusing on innovative hot and cold holding equipment to enhance operational efficiency and ensure food safety for clients, including restaurants and hotels. Fabristeel Pte Ltd, founded in 1979 in Singapore, is dedicated to providing comprehensive kitchen equipment solutions. In January 2007, the company was acquired by Enodis plc for USD 29. 5 mn.
The firm has completed two significant deals to date, with the latest being the Trade Sale. Fabristeel specializes in providing comprehensive solutions for commercial kitchen operations, focusing on both hot and cold holding equipment. Their core offerings include advanced systems designed to maintain optimal temperatures for food safety and quality, addressing the needs of a diverse client base that includes restaurants, hotels, and catering services. The company is recognized for its integration of cutting-edge technology in kitchen equipment, ensuring that their products enhance operational efficiency and meet regulatory standards.
Fabristeel's products are sold primarily in the Asia Pacific region, with significant market presence in countries such as Singapore, Malaysia, and Thailand. Their commitment to customer satisfaction is reflected in their successful collaborations with leading brands in the food service industry, solidifying their reputation as a trusted provider of kitchen solutions. Fabristeel operates on a business-to-business model, primarily engaging with commercial entities in the food service industry. The company reported a revenue of USD 21.
45 mn for the most recent year, 2023, with an EBITDA of USD 16. 86 mn. Transactions typically involve direct sales of their equipment, alongside after-sales support and maintenance services, ensuring that clients receive comprehensive care for their investments. The company may also explore partnerships with distributors and wholesalers to extend its market reach, with pricing structures designed to cater to varying budgets in the commercial kitchen sector.
Fabristeel is focused on expanding its product line and enhancing its market presence. The company aims to launch new innovative kitchen solutions in the upcoming year. Plans include targeting new markets within Southeast Asia, specifically Indonesia and the Philippines, by 2025 to increase their geographical footprint. The recent acquisition by Enodis plc will provide the necessary capital to support these initiatives, ensuring that Fabristeel can continue to develop and introduce advanced kitchen technologies.
Primary Industry
Materials
Sub Industries
Industrial Machinery, Steel & Metals
Website
www.fabristeel.com.sg
Verticals
Manufacturing
Company Stage
Acquired
Total Amount Raised
Subscriber access only
Fabristeel Pte Ltd - timeline of key events
Fabristeel Pte Ltd - financials
| Fiscal Year Ended | Dec 31, 2014 | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Aug 31, 2023 | Aug 31, 2024 | Feb 13, 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 25,041,164 | 30,475,719 | 26,723,170 | 24,084,144 | 28,267,852 | 29,187,888 | 22,860,801 | 42,113,184 | 35,907,337 | - | - | - |
| % Revenue Growth (YoY) | - | 21.7% | (12.3%) | (9.9%) | 17.4% | 3.3% | (21.7%) | 84.2% | (14.7%) | - | - | - |
| EBITDA (USD) | (1,182,830) | 636,748 | (781,470) | (1,666,176) | (317,663) | (2,230,581) | (2,347,660) | 204,591 | (3,186,454) | - | - | - |
| Operating Income (USD) | (1,444,400) | 141,065 | (1,202,502) | (1,919,489) | (570,107) | (3,108,598) | (3,000,543) | (399,889) | (3,788,701) | - | - | - |
| Operating Margin | (5.8%) | 0.5% | (4.5%) | (8.0%) | (2.0%) | (10.7%) | (13.1%) | (0.9%) | (10.6%) | - | - | - |
| % EBITDA Margin | (4.7%) | 2.1% | (2.9%) | (6.9%) | (1.1%) | (7.6%) | (10.3%) | 0.5% | (8.9%) | - | - | - |
| NET Income (USD) | (903,043) | 614,711 | (604,114) | (1,335,233) | 236,738 | (2,664,844) | (2,740,196) | (277,381) | (3,320,610) | - | - | - |
| % Net Margin | (3.6%) | 2.0% | (2.3%) | (5.5%) | 0.8% | (9.1%) | (12.0%) | (0.7%) | (9.2%) | - | - | - |
Fabristeel Pte Ltd - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Trade Sale | Completed | Fabristeel Pte Ltd | - | ||||||||
| Buyout | Completed | Fabristeel Pte Ltd | - |
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Fabristeel Pte Ltd - employee data
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