Flexible Solutions International, Inc. (NYSE Amex: FSI) has signed a second significant food grade contract.
The new contract for the Illinois plant is expected to generate between $6.5 million and $13 million in annual revenue.
Limited production will commence immediately and ramp up to full capacity without the need for additional equipment or capital investments.
Revenue Estimates
Estimated revenue between $6.5 million and $13 million per year.
Contract Terms
Includes a five-year term, optional expansion to over $25 million in annual revenue, and provisions for tariff and inflation protection.
Confidentiality
Specific products, customers, and volumes will remain undisclosed with a redacted version of the contract to be filed with the SEC.
- The new contract signifies FSI's expansion into the food and nutrition supplement manufacturing markets.
- It demonstrates the company's ability to secure significant revenue streams and expand its product offerings in the industry.
FSI's latest food grade contract underscores its commitment to growth and diversification, positioning the company for continued success in the market.