Foam, Fiberglass, and Composite Products Manufacturer

Description:
The Company is an is an Original Equipment Manufacturer (OEM) of rigid foam structural products, fiberglass reinforced panels, and glass and foam pre-forms for recreational boat builders.
Key Aspects:
• Revenue grew at a compound annual growth rate (CAGR) of 10.1% from 2020 through 2023
• Average gross profit margin of 24.4% from 2020 through 2023
• Recycles and re-sells scrap through its in-house recycling composites technology
• Diverse product offerings
• Strategic alliances with key suppliers
• Exclusive agreements with top customers
• Efficient manufacturing procedures with an average lead time of three week
Opportunities:
• Establish a sales and marketing team to gain a greater market share
• Continue to release new products to attract new customers, further drive revenue, and boost margins • Expand the company’s geographic footprint to include areas it wishes to be competitive in
• Capitalize on the recent in-house development and deployment of the company's recycling composites technology
Headquartered:
• Southeast, US
Current Markets:
• The Company serves recreational boat manufacturers (90%), distributors (8%), and CNC fabricators & architectural manufacturers (2%) in the Southeast US
Real Estate:
• The Company operates from a 13,500 sq. ft. facility owned by the business. The owners would prefer to include the real estate in the sale.
Shareholder Ownership:
• The Company is owned by four shareholders, with the majority shareholder (53%) being the only active one in the business. The owners are seeking exit strategies to pursue retirement. All shareholders are in agreement with the planned sale.