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, without the need for additional equipment or capital improvements.
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.
Estimated Revenue
Between $6.5 million and $13 million per year from the new food grade contract.
Contract Details
Five-year term with provisions for expansion to over $25 million in annual revenue.
Redacted Version
A redacted version of the contract will be filed with the SEC after approval by both parties.
Revenue Projection
Potential to reach over $50 million per year by 2027 with the new food grade production.
- The new contract signifies significant growth opportunities for FSI in the food grade market.
- With the potential revenue increase to over $50 million per year by 2027, FSI is poised for substantial financial growth and expansion.
- The provisions for tariff and inflation protection provide stability and security for FSI's revenue streams.
With the signing of this second significant food grade contract, Flexible Solutions International is positioning itself for substantial revenue growth and market expansion in the coming years. The company's strategic focus on sustainable and environmentally friendly solutions continues to drive its success.