RJD Green's Silex Holdings Expands with Acquisition of JSI Interiors Assets
TL;DR
Silex Holdings Inc. has acquired the assets of JSI Interiors, giving them a competitive edge in the specialty construction products market.
Silex Holdings Inc. acquired the state-of-the-art fabrication system, contracts, purchase orders, and book of business from JSI Interiors.
Silex Holdings Inc.'s acquisition of JSI Interiors assets will expand their capabilities to offer better products and services to residential and commercial clients.
Silex Holdings Inc. has recently formed JSI Products Corporation, a new division to oversee the acquired assets and operations from JSI Interiors.
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RJD Green Inc. (OTCPK: RJDG) has announced a significant expansion of its Silex Holdings division through the acquisition of JSI Interiors' assets. The deal includes a state-of-the-art fabrication system, contracts, purchase orders, and book of business, with the combined revenues of both companies reaching $7,813,426 for the 2023 calendar year.
The acquisition marks a strategic growth move for Silex Holdings, a specialty construction products company that offers manufacturing, sales, distribution, and installation of various products, primarily focusing on cabinetry and stone countertops. The newly formed JSI Products Corporation, an Oklahoma Corporation, will operate as a division of Silex Holdings and manage the acquired assets.
Ron Brewer, CEO of RJD Green, expressed optimism about the acquisition's potential impact, stating that the company aims to replicate the successful business operations and programs that led to Silex Interiors' growth from $1.4 million to $5.8 million in annual revenue. The advanced fabrication system acquired is expected to enhance product quality and daily output capacity.
The expansion is projected to generate between $3 million to $4 million in revenue for the Tulsa Division in its initial calendar year. Silex Holdings plans to extend its business outreach to northeast Oklahoma, covering a 200-mile radius for commercial projects. The company's ultimate goal is to achieve a consistent $10 million in profitable annual revenue for Silex Holdings Inc.
This acquisition is significant for the specialty construction industry as it demonstrates consolidation and technological advancement in a niche market. By combining resources and expanding its geographical reach, Silex Holdings is positioning itself to compete more effectively against both big-box retailers and local contractors. The move could potentially lead to improved services and products for residential builders, commercial contractors, remodelers, and DIY customers in the region.
For investors and industry observers, this development signals RJD Green's commitment to growth and market expansion in the specialty construction sector. The acquisition not only increases the company's revenue potential but also enhances its manufacturing capabilities, potentially leading to improved market share and profitability in the coming years.
Curated from NewMediaWire
