Foam, Fiberglass, & Composite Product Manufacturer in Southeast US

This established Original Equipment Manufacturer (OEM) specializes in rigid foam structural products, fiberglass reinforced panels, and glass and foam pre-forms for the recreational boat building industry. The company has demonstrated robust growth, achieving a 10.1% CAGR in revenue from 2020 to 2023, with average gross profit margins of 24.4% during the same period. Key operational strengths include an in-house recycling composites technology, diverse product lines, strategic supplier alliances, exclusive customer agreements, and efficient manufacturing processes with a three-week lead time. Headquartered in the Southeast US, the business primarily serves recreational boat manufacturers (90%), with additional revenue from distributors (8%) and CNC fabricators/architectural manufacturers (2%). The company operates from a 13,500 sq. ft. facility owned by the business, which the owners prefer to include in the sale. Growth opportunities include developing a dedicated sales and marketing team, introducing new products, expanding geographic reach, and leveraging its recycling technology. The business is owned by four shareholders, with the majority shareholder actively involved. The owners are seeking retirement and are in agreement with the sale.