Flexible Solutions International, Inc. announces the signing of a second significant food grade contract for the Illinois plant.
The contract is expected to generate revenue between $6.5 million and $13 million per year with potential expansion to over $25 million annually.
Limited production has already begun and will scale up to meet revenue estimates without the need for additional equipment or capital improvements.
Revenue Estimate
The contract is estimated to bring in revenue between $6.5 million and $13 million per year, with potential for expansion to over $25 million annually.
Production Start
Limited production has commenced immediately and will ramp up to meet revenue targets.
Redacted Contract
Specific product details, customer information, and volumes are not disclosed in the contract, but a redacted version will be filed with the SEC soon.
Revenue Growth
CEO Dan O'Brien expects the new food grade contracts to potentially increase production to over $50 million per year by 2027, aiming to double revenue in the next 18 months.
- The new food grade contract signifies a significant growth opportunity for Flexible Solutions International.
- With the potential revenue expansion and no need for additional infrastructure investments, the company is poised for sustainable growth in the food and nutrition supplement manufacturing markets.
Flexible Solutions International's latest food grade contract marks a key milestone in the company's expansion and revenue growth strategy, setting the stage for a substantial increase in production and revenue over the coming years.