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. The Company supplies & utilizes dust under compression (DUC) board in the manufacturing of products for OEM boat manufacturers.

Key Aspects:
• Gross profit margins averaged 23.9% from 2022 to 2024.
• Recycling and re-selling of scrap material is conducted via the Company's in-house recycling composites technology.
• Management notes that the Company has secured a national distributor for DUC board.
• Diverse product offerings are available due to the strategic alliances the Company has with key suppliers.
• Exclusive agreements are in place with top customers.
• The Company operates with an experienced, highly-knowledgeable staff.
• Efficient manufacturing procedures are in place, with an average lead time of three weeks, according to management.

Opportunities:
• Establish a focused sales and marketing team to increase brand visibility, strengthen customer affiliations, and drive market share growth.
• Continue to innovate and introduce new product offerings that appeal to a broader customer base, creating opportunities for top-line growth and improved profit margins.
• Pursue strategic expansion into underserved or high-growth regions where the Company can establish a competitive presence and capture additional market share.
• Capitalize on the Company’s recently developed in-house composites recycling capability to reduce material costs, improve sustainability, and create a unique market differentiator.
• Strengthen and leverage the affiliation that has been secured with a national distributor of DUC board.

Current Markets:
• The Company serves recreational boat manufacturers (90%), distributors (8%), and CNC fabricators & architectural manufacturers (2%) throughout the Southeast US.

Headquartered:
• Southeast, US

Real Estate:
• The Company operates from a 13,500 sq. ft. facility, which is owned by the Company. Management notes that the real estate is expected to be included in the sale.

Shareholder Objectives:
• The Company is owned by four shareholders, three of whom are not active in the day-to-day operations. Management notes that the majority shareholder (53%) serves in an advisory role for the business and has limited involvement in the day to day operations.