Proprietary products drove strong customer relationships and recurring revenues
Founder limited growth to a lifestyle business resulting in low penetration of a large potential market (100+ U.S. pulp mills and untapped mining market)
Attractive EBITDA margins
Management buyout completed by Former Dow Chemical executives with The Courtney Group and Cave Creek Capital in August 2007
Results
Substantial investment made to expand Company’s facilities, marketing, and administrative systems
Hired additional Senior Executives; tripled existing team
Expanded R&D programs with several existing products and several under development
Expanded mining effort to become leader in US phosphate mining sector
Launched international sales effort
Sales have grown 300% since closing
Customer base has increased 400%
Cash Flow (EBITDA) has increased over 100% in four years
Recapitalized Senior and Subordinated Debt with SunTrust in February 2012
Management team expands in conjunction with debt recapitalization in 2014
Lower leveraged company continues to to invest in paper/pulp and mining markets
Expansion into international markets with joint ventures with major chemical companies attracted by Bastech’s technology
