Flexible Solutions International, Inc. (NYSE Amex: FSI) 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 provisions for tariff and inflation protection.
Revenue Estimate
Estimated revenue between $6.5 million and $13 million per year for the new food grade contract.
Expansion Potential
Provisions for optional expansion to greater than $25 million in annual revenue.
Revenue Growth Forecast
Potential to reach more than $50 million per year in food grade production by 2027.
- The new contract signifies a significant growth opportunity for FSI in the food and nutrition supplement manufacturing markets.
- This contract, along with the one announced previously, could contribute to doubling FSI's revenue in the next 18 months.
With the new food grade contract and the projected revenue growth, FSI is poised for substantial expansion in the coming years, solidifying its position in the market.