January 21, 2019
The Company is a market-leading, vertically integrated manufacturer of custom window treatments for both commercial and residential. The parent company sells primarily to commercial customers, serving an impressive list of retailers, financial institutions and restaurants plus large architectural projects like hospitals, schools and offices. The East Coast plant sells primarily through a wholesale model to the design trade and the smart home integration market focused on residential. The Company is one of just a few window-covering manufacturers in the U.S. that have the capability to engineer, fabricate, install and service their products.
Management conservatively projects 6% top-line growth in 2019 driven by a 3-year, $3 million contract just signed with a key customer and additional business expected from existing customers. In addition, two new customers ($1.6 million in contract value) were recently acquired, and 2020 will see the launch of several new, advanced technology product offerings.