Imperial Industries, Inc., through its subsidiaries, engages in the manufacture and distribution of building materials to building materials dealers and others in the southeast United States. It produces and distributes pool finish coatings, roof tile mortar, stucco, and plaster products, as well as gypsum wallboard, roofing, and insulation products. The company?s pool finish products are used as coatings for below ground swimming pools; roof tile mortar is used to adhere cement roof tiles to the roof; stucco products are used as a finishing coat to exterior surfaces; and plaster is used to finish interiors of structures. It sells its products to contractors, subcontractors, and building materials dealers that provide building materials for the construction of residential, commercial, and industrial buildings and swimming pools. The company was founded in 1937 and is based in Pompano Beach, Florida.
Indicate the number of shares of Imperial Industries, Inc. Common Stock ($.01 par value) outstanding as of August 13, 2008: 2,517,335.
IMPERIAL INDUSTRIES, Inc.
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Imperial Industries, Inc. (the "Company") is a Delaware corporation, which through its predecessor corporation has been in existence since 1968. The Company's executive offices are located at 3790 Park Central Boulevard North, Pompano Beach, FL 33064 and the telephone number at such offices is (954) 917-4114.
The Company, through its subsidiaries, is engaged in the manufacturing and distribution of building materials to building materials dealers and others located primarily in Florida, Mississippi, Georgia, and Alabama and to a lesser extent, other states in the Southeastern part of the United States as well as foreign countries. The Company presently has thirteen distribution outlets through which it markets certain of its manufactured products and other purchased products directly to developers, builders, contractors, and sub-contractors.
The Company's business is directly related to the level of activity in the new and renovation construction market in the Southeast United States. The Company's products are used by developers, general contractors and sub-contractors in the construction or renovation of residential, multi-family and commercial buildings and swimming pools.
The Company manufactures product through its wholly owned subsidiary, Premix-Marbletite Manufacturing Co., in business over 40 years. The Company distributes products through its wholly owned subsidiary, Just-Rite Supply, Inc., which commenced operations January 1, 2000. The manufacturing operations primarily produce and distribute stucco, roof tile mortar and plaster products, while the distribution operations expand the Company's product line by distributing gypsum, roofing and insulation products, as well as products manufactured by the Company.
Stucco products are applied as a finishing coat to exterior surfaces and to swimming pools. Roof tile mortar is used to adhere cement roof tiles to the roof. Plaster customarily is used to finish interiors of structures.
, a subsidiary of Imperial Industries, Inc. established in January 2000 as a separate business unit to own and operate the Company's existing distribution facilities and to acquire other building material distributors. As a result of the acquisitions subsequent to January 1, 2000, the Company now distributes gypsum, roofing, masonry, millwork, insulation and other building products, as well as those products manufactured by the Company.
Products are sold and distributed throughout the Southeastern United States and the Caribbean Islands
established in the mid-1950's and is the oldest manufacturer of stucco, plaster, and pool products in the State of Florida. With two manufacturing plants, one in Pompano Beach and the other in Winter Springs, Florida, the Company is set up with specialized manufacturing sites to take advantage of production efficiencies to produce a broad product mix in each of the market segments that it services. A special emphasis is placed on the development of products that provide installed per square foot value benefits and are user friendly to advance installation compliance practices. Leading the way in the pool and stucco market, Premix continues to produce products that are used extensively in both the commercial and residential markets, for both new and renovation applications