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RJD Green Inc. Expands Silex Holdings with Strategic Acquisition of JSI Interiors' Assets

Building Texas Show News September 24, 2024
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RJD Green Inc. Expands Silex Holdings with Strategic Acquisition of JSI Interiors' Assets

Summary

RJD Green Inc. enhances Silex Holdings' market position in specialty construction products through the acquisition of JSI Interiors' assets, aiming for significant revenue growth and expanded market reach.

Full Article

RJD Green Inc. (OTCPK: RJDG) has announced a strategic expansion of its Silex Holdings division by acquiring JSI Interiors' assets, including a state-of-the-art fabrication system, contracts, and a book of business. This acquisition, with combined revenues of $7,813,426 for the 2023 calendar year, significantly strengthens Silex Holdings' position in the specialty construction products market.

To oversee the newly acquired assets, Silex Holdings has established JSI Products Corporation as a division. Ron Brewer, CEO of RJD Green, highlighted the potential for growth, citing the success of Silex Interiors, which grew from $1.4 million to $5.8 million in annual revenue under their management. The acquisition's technological advancements are expected to improve product quality and production capacity, enhancing competitiveness.

The Tulsa Division, now including Silex of Tulsa, is projected to generate $3 million to $4 million in revenue in its first year, with plans to expand into northeast Oklahoma. Silex Holdings aims for a consistent $10 million in profitable revenue, leveraging its niche market strategy between box stores and local contractors.

This move is significant for the construction and home improvement sectors, offering expanded services in installed stone and engineered stone countertops, cabinets, and related products. It reflects RJD Green's commitment to growth and market expansion, promising increased efficiency and profitability through synergies.

As demand for custom interior solutions grows, Silex Holdings is well-positioned to meet market needs, though challenges in asset integration remain. Stakeholders are keenly observing how RJD Green will navigate these challenges and capitalize on its enhanced market position.

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