American Industrial Manufacturers of Building Materials LLC Reports Records Growth in 2019
January 29, 2020
2019 Performance Provides Solid Foundation for Continued Expansion in 2020.
January 29, 2020 -- Plano, Texas -- AMERICAN INDUSTRIAL MANUFACTURERS of Building Materials, LLC (AIM) announced its 2019 financial results with record-setting revenue performance 44% higher than the previous year, and an unprecendented 30% increase in profit. This outperformance was broad based with growth in most markets exceeding expecations and results deriving from significant operational investments, including the opening of new manufacturing facilities and improvements to existing plants.
Founded in 2011 as a consolidation of seven regional roofing and construction material manufacturing companies, AIM has typically performed well with double-digit annual revenue growth (12%-18%) since its formation. AIM's continued investment in its business platform and product portfolio has made AIM one of the largest producers in its product segment, mostly achieved through organic growth. Proudly, AIM's expansion has been accomplished without acquiring any debt obligations.
CEO/Managing Partner of AIM, Andy Hastings, states. "To remain an industry leader, AIM is always seeking to improve existing products and add new innovations to its portfolio. Our network of four R&D facilities combined with our eco-friendly products, extensive code approvals, systems specifications and national technical support separates us from the pack. As a result, global brands have chosen AIM to be their source for building materials."
"Our continued growth and our record 2019 performance is a strong indicator that our business model works," continued Hastings. "I am confident that in 2020, AIM will continue its growth as we remain committed to producing environmentally-friendly products using efficient manufacturing processes; introducing new products while leveraging our increased capacity; and lower costs of goods."
Recognizing that commercial building account for 30% of the energy use in the U.S., AIM firmly believes manufacturers of building materials have a responsiblity to provide energy-conserving, as well as environmentally friendly, products to the construction and building maintenance sector. An Energy Star® partner, AIM offers coatings and other building products with the Energy Star® label. AIM's environmental stewardship is also reflected in its many building materials (both new construction and maintenance applications) which extend the life of roofs, thereby reducing the landfill use problems.
About AIM: AIM is headquartered in Plano, TX and is the consolidation of seven regional manufacturing companies and an industry executive to create a company with a national platform. AIM produces over 500 products including complete lines of white coatings, emulsions, mastics, sealants, driveway maintenance products, caulks, adhesives, waterproofing, specialty paints, road emulsions and chemical distribution.
AIM is a member of the cool Roof Rating Council (CRRC) and U.S. Green Building Council (USGBC), constantly striving to offer environmentally conscious solutions to its customers. Knowing that a cool roof is an energy-saving and money-saving roof, AIM produces highly reflective energy and radiant barrier coatings. Some of AIM's coatings meet not only the US EPA/DOE, Energy Star and Cool Roof Roating Council requirements for energy efficiency, they also reduce energy usage by up to 40%.
All AIM coatings, mastics and roofing system adhesives are VOC-compliant and compatible with Federal, State, Ozone Transport Commission (OTC), Lake Michicgan Air Directors Consortium (LADCO), California Air Quality District, and County requirements. Many AIM products and systems are classified by Underwriters laboratories and are FM 4470 Class 1 approved.
AIM owners maintain manufacturing and warehouse facilities in Akron, OH; Alsip, IL; Alverado, TX; Atlanta, GA; Auburn Hills, MI; Chicago, IL; Cleveland, OH; Dallas, TX; Franklin Park, IL; Ft. Worth, TX; Greensboro, NC; Los Angeles, CA; Mars, PA; Memphis, TN; Millbury, MA; Oakland, CA; Phoenix, AZ; Tampa, FL; and White Marsh, MD.
For more information, visit AIM's website at www.aimbuildingmaterials.com or call (214) 254-4720.
Contact: Andy Hastings
Chief Executive Officer/Managing Partner
American Industrial manufacturers of Building Materials, LLC