Futura Industries Announces Strategic Growth Initiatives

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CLEARFIELD, UTAH – (BUSINESS WIRE) – May 13, 2013 – Futura Industries today announced a series of strategic initiatives, which aim to grow the company’s revenues by leveraging its expanding infrastructure to further meet the market demand for aluminum extrusions.

Susan Johnson, Futura Industries’ president said “We plan to continue to aggressively grow our business by making significant investments in our facilities, machinery and people, allowing us to meet the increasing demands of our marketplace. During the last several years, we have seen extremely strong growth in our core business and we want to deepen our relationships with our existing loyal customers while continuing to earn new business by showcasing our ability to offer reliable and responsive solutions.”

The initiative includes:

• The acquisition of A 220,000 square-foot manufacturing facility in the same location as their current 2 plants, providing for expansion of operations.

• The acquisition of a new 9”, 3500 ton Presezzi, sourced from Milan, Italy. The Presezzi is a front-loading, state-of-the-art extrusion press, with a high performance energy conservation control system. These systems provide for triple the output of a conventional press, with less energy consumption.

• Finally, extensive investment in primary operating equipment to support the additional output of the new Presezzi press.

“Providing our customers with reliable and responsive service is part of our company’s DNA.” said Ms. Johnson. “It’s our ability to consistently meet, if not exceed our customers’ expectations that has contributed to our growth during the last several years. It is because of this growth that we are in a position to aggressively invest in our business to ensure that we are positioned to satisfy the demands of our loyal customers.

About Futura Industries:

Founded in 1946, Futura Industries is an industry-leading designer, fabricator and distributor of aluminum extrusions. Futura is the world’s #1 manufacturer and wholesaler of carpet and ceramic tile floor covering trims and is the only aluminum extruder that offers a complete lineup of t-slotted extrusions – the aluminum erector set for engineers. Futura is an award-winning company that focuses on reliable and responsive service and is a recipient of OSHA’s coveted Sharp Award for Excellence in Workplace Safety & Health. Futura is headquartered in Clearfield, Utah where it is recognized as one of Utah’s Top Ten Employers. For more information, please visit us online at http://futuraind.wpengine.com or http://www.tslots.com. Twitter: @futuraind