CARY, NC, Nov 04, 2021 (GLOBE NEWSWIRE) – via NewMediaWire – Small Business Development Group, Inc. (OTC: SBDG) (www.SBDGStock.com) announced today that Strategic Manufacturers, Inc., (SMI), a wholly owned subsidiary, is planning to build two large manufacturing plants in the Katy, Cypress, Texas area.
When fully operational, these factories will produce 4.5 billion nitrile examination gloves per year, as well as 120,000 metric tonnes of synthetic rubber, known as NBR (nitrile butadiene rubber), from from which the gloves are made. Nitrile examination gloves are widely used by hospitals, medical personnel, and emergency responders to protect them from harmful chemicals, infections, disease, and pathogens, including coronavirus.
âIn late 2020, we began to explore the feasibility of building and developing vertically integrated manufacturing facilities for nitrile gloves here in the United States,â said Roy Y. Salisbury, CEO and Chairman of Small Business Development Group.
Mr. Salisbury explains that after funding months of research, analysis and planning, now is the time to announce the continuation of the project: âWe know this is a big business. We also know that these facilities are necessary. We are convinced that we have the right plan and the right team to achieve the goal. “
âOver ninety percent of the examination gloves used in America today come from Asia,â said David Emery, CEO of Strategic Manufacturers. âWhat’s worse, there are no major producers of medical grade NBR rubber here. Our mission is to restore America’s ability to manufacture this basic but essential piece of personal protective equipment that we all depend for our health and safety. â
âThe key to SMI’s business strategy is the co-production of NBR and gloves. Known to economists as âvertical integrationâ, this will ensure that SMI has access to the rubber it will need for glove production. It also provides SMI with a second profit center as its NBR plant is designed to produce much more than it needs and SMI will sell the surplus NBR to other manufacturers, âMr. Emery said.
âWe believe we will become the only US manufacturer of vertically integrated nitrile gloves. This sets SMI apart from other companies considering entering this market. This strategy will free us from dependence on foreign supply chains and allow us to produce gloves to exacting American standards, made from American raw materials, by American workers. This prospect is very exciting for us, âconcluded Mr. Emery.
The SMI project will initially create around 500 jobs. It should take three years to become operational once the ground has been laid. âAmerica was ill-prepared for the COVID-19 pandemic,â Emery said. âWe didn’t have enough masks, gloves, ventilators and protective gowns. Our mission is to be part of a national effort to ensure that Americans no longer suffer and die needlessly because we couldn’t manufacture supplies to keep them safe. “
âThere is no doubt that this is a huge project and a huge undertaking. We have spent a lot of time and resources proving its viability. We believe the company’s EBITDA will be positive in the first year, âsaid Brian Jue, chief operating officer and director of the Small Business Development Group. âWe have assembled an experienced and leading management team, led by David F. Emery. We are extremely fortunate to have someone of his caliber, who served four terms as a member of the United States Congress, worked in the Reagan administration at the Department of Defense, and under his leadership we submitted our plan. at the Ministry of Defense.
âShareholders of SBDG,â said Mr. Jue, âwe are very excited about this project. “
About Strategic Manufacturers:
Strategic Manufacturers, Inc. (SMI) is a holding company with an active mandate to build and develop manufacturing operations based in the United States. He believes that critical areas of America’s industrial manufacturing base need to be improved.
Small Business Development Group, Inc. (OTC: SBDG) is a publicly traded holding company. SBDG has an active mandate to identify and acquire operating companies with a preference for those in the field of small and medium-sized enterprises (SMEs and SMEs) based in North America, in particular those showing modest but predictable growth and profitability in the over time. Ideal candidates for acquisition have an enterprise value of between $ 2 million and $ 50 million with positive cash flow between $ 500,000 and $ 5 million. SBDG’s intention for all acquisitions is to assert or establish strong business fundamentals and drive revenue growth and profitability. SBDG’s goal is to develop and align portfolio companies with high performing verticals and deliver added value to its stakeholders.
For more information visit www.SBDGStock.com
For more information visit www.strategicmanufacturers.com
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