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Aug 30, 2016 — The Company manufactures a variety of bricks primarily used for residential housing. The Company produces a full line of brick and paver related accessories including Natural Stone, Concrete Blocks, Address Stones, Keystones, Flashing, Flue Liners, Water Repellant, Cleaning Products, Paving Brick, and Firebrick & Fireclay
The Company sells its own manufactured brick products as well as other brick products made by other local area manufacturers.
In 2015, the Company’s sales breakdown was as follows Resale Brick (39% of 2015 sales), Company Manufactured Brick (34%), Stone (14%), Other (13%).
* Experienced Staff: In addition to the key shareholders’ extensive brick industry experience, many of the Company’s key employees also have significant building material manufacturing knowledge. This wealth of experience and expertise provides the Company with a significant intangible asset and advantage over many competitors.
* Strong Customer Relationships: The Company has strong ties to clients due to its regional reputation and excellent customer service. More specifically, the Company’s database includes approximately 750 customers.
* Excess Capacity: The Company’s facility currently operates at approximately 25% capacity. Due to this excess capacity, the Company could reach revenue levels in excess of $35 million. Management anticipates capitalizing on this manufacturing capacity during the pro forma period.