Flexscreen experienced a record-breaking quarter of revenue growth. Led by Joe Altieri, winner of “Shark Tank,” the company is projected to triple in earnings by the end of 2021.
“Our projected growth shows us that there is a desire for technological advancements in our market,” says Altieri, president of Flexscreen. ““To understand our growth, you have to get granular. Flexscreen is focused on the consumer first. The changes that needed to be made in our industry from how we ship to how you install were made with the client in mind. Our growth reflects that.”
With high-performance spring steel, damage-resistant frames, FlexScreen offers an efficient and effective way to install window screens without attachment hardware, while eliminating bent aluminum, scratched paint, and broken hardware issues, say company officials.
With earnings of $400,000 in 2015, Flexscreen focused on revolutionizing the window market. The company bet on the rising need for innovation in the field. Within a year, earnings had quadrupled. Within three years, Flexscreen was recording yearly earnings of over $5.1 million.
A recent equity partnership with Lori Greiner, "Shark Tank" entrepreneur and investor, brought more growth. This new investment caused profits to more than double in just one year.
The ongoing COVID-19 pandemic brought unprecedented challenges to businesses across the globe, Flexscreen was no different. With years of experience in the technological advancement of window ventilation, Flexscreen used this as an opportunity to play their role in aiding businesses as they need to pivot business structures and models to align with CDC guidelines.
Product launch
The company introduced FlexPacks, an innovative way to ship window screens, that uses ClearBox technology to ensure screens arrive puncture-free. Resembling regular plastic, the latest product from Flexscreen allows for more protection from the factory to the job site. The material that is more durable than cardboard also results in minimal waste allowing for easy clean up.
New hire and expansion
Flexscreen also welcomes Craig Neal to the team as chief operating officer. Neal brings his years of experience leading global names in home goods to the window screen industry. Neal was instrumental in opening FlexScreen’s Detroit office and it is very exciting to have him bring his expertise to our corporate landscape.
Flexscreen opened a new plant in Toronto, Canada expanding the company’s global reach.
