Brian Adams discusses the purchase valuation and deal terms when acquiring manufacturing company Rumber.
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“How much did I buy it for? About five million dollars.”
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More from Brian Adams
AssertionContradicted
Adams: Rumber is the only company in the world manufacturing recycled composite boards
“We can't go hire someone to do this because we're the only one in the world doing this.”
Brian AdamsMar 8, 2016▶ 7:1930,000 Pounds Per Day, Efficiency Machine Did $7m Last Year on Industrial Planks with Brian Adams of Rumber.com EP 196
PredictionNot checkable as stated
Adams: Rumber is targeting about $10 million in 2016 revenue
“2016. So really, you know, to try to get to about ten million dollars.”
Brian AdamsMar 8, 2016▶ 6:1330,000 Pounds Per Day, Efficiency Machine Did $7m Last Year on Industrial Planks with Brian Adams of Rumber.com EP 196
AssertionNot checkable as stated
Adams: Rumber produces up to 30,000 pounds of composite material per day
“So in a good day, we might do 30,000 pounds.”
Brian AdamsMar 8, 2016▶ 9:4930,000 Pounds Per Day, Efficiency Machine Did $7m Last Year on Industrial Planks with Brian Adams of Rumber.com EP 196
AssertionSupported
Adams: Rumber manufactures recycled composite boards for industrial and military use
“Takes recycled tires, recycled plastic, extrudes them together, and makes boards. Boards that are used on top of oil rigs on the back of transportation trailers, buying the cattle livestock industry, and a lot with the U.S. Military.”
Brian AdamsMar 8, 2016▶ 1:4930,000 Pounds Per Day, Efficiency Machine Did $7m Last Year on Industrial Planks with Brian Adams of Rumber.com EP 196
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