Flexible Solutions International, Inc. announces a new food grade contract for the Illinois plant with estimated revenue between $6.5 million and $13 million per year.
Limited production will begin immediately and scale up to the revenue estimates as quickly as possible.
The contract includes provisions for optional expansion to greater than $25 million in annual revenue and tariff and inflation protection.
Estimated Revenue
Between $6.5 million and $13 million per year.
Contract Terms
Five-year term with provisions for expansion to over $25 million revenue.
Redacted Contract
A redacted version of the contract will be filed with the SEC soon.
CEO Statement
Potential to bring new food grade production to over $50 million per year by 2027.
- The new food grade contract signifies FSI's continued growth in the food and nutrition supplement manufacturing markets.
- The potential revenue increase indicates a positive outlook for FSI's future growth and financial performance.
With the signing of this significant contract, FSI is on track to expand its presence in the food grade production market and increase its revenue substantially in the coming years.