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RJD Green Inc. Expands Silex Holdings with Strategic Acquisition

Building Texas Show News September 28, 2024
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RJD Green Inc. Expands Silex Holdings with Strategic Acquisition

Summary

RJD Green Inc. enhances Silex Holdings' market position through the acquisition of JSI Interiors' assets, aiming for significant revenue growth and expanded production capabilities.

Full Article

RJD Green Inc. (OTCPK: RJDG) has taken a significant step to expand its Silex Holdings division by acquiring key assets from JSI Interiors. This strategic move includes a state-of-the-art fabrication system, contracts, purchase orders, and a book of business, positioning Silex Holdings for enhanced growth in the specialty construction products market. The combined revenues of Silex Holdings and JSI Interiors for 2023 were $7,813,426, underscoring the acquisition's scale.

To streamline the integration of these assets, Silex Holdings has established JSI Products Corporation as a new division. Ron Brewer, CEO of RJD Green, highlighted the acquisition's potential, citing plans to leverage successful business operation processes that previously propelled Silex Interiors' revenue from $1.4 million to $5.8 million annually. The acquisition is expected to significantly boost Silex Holdings' production capabilities and market reach, with the Tulsa Division, including Silex of Tulsa, projected to generate $3 million to $4 million in revenue in its first year.

Expanding its business outreach, Silex Holdings aims to cover a 200-mile radius in northeast Oklahoma for commercial projects, targeting a consistent $10 million in profitable revenue. This expansion aligns with the company's strategy to serve a niche market between box stores and local contractors, offering installed stone and engineered stone countertops, cabinets, and related products to a broad clientele.

This acquisition not only strengthens RJD Green's portfolio across its three divisions but also signals its commitment to growth in the specialty construction sector. The integration of JSI Interiors' assets is poised to enhance Silex Holdings' competitive edge, potentially increasing its market share in Oklahoma and beyond. As the specialty construction industry evolves, such strategic acquisitions may become pivotal for companies aiming to consolidate their market position and expand service offerings.

While RJD Green expresses optimism about the acquisition's outcomes, it acknowledges the inherent risks and uncertainties of forward-looking statements. Investors are encouraged to consult the company's SEC filings for a detailed understanding of potential risks.

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