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 a five-year term, provision for optional expansion to greater than $25 million in annual revenue, and provisions for tariff and inflation protection.
New Food Grade Contract
Contract for the Illinois plant with revenue estimates up to $13 million per year.
Expansion Plans
Provision for optional expansion to over $25 million in annual revenue.
Revenue Growth Projection
Potential to reach over $50 million per year by 2027.
- The new contract signifies a significant expansion in FSI's food grade production capabilities.
- The company's CEO, Dan O'Brien, is optimistic about doubling revenue in the next 18 months with the new contracts and business growth strategies.
The announcement of the second significant food grade contract reflects FSI's continued growth and diversification in the food and nutrition supplement manufacturing markets. The projected revenue growth and expansion plans demonstrate a promising future for the company.