![]() “We recognize Saint-Gobain’s outstanding international market reputation, and are excited for the opportunity to expand FlexScreen together in partnership.” “ We are thrilled to join arms with Saint-Gobain and deliver our award-winning products to more residential and commercial consumers across the globe,” remarked Joe Altieri, President & CEO of FlexScreen. Free of attachment hardware, FlexScreen eliminates the struggles associated with installing traditional screens, which often cause bent aluminum, scratched paint, and broken hardware. Built with high-performance spring steel and damage-resistant frames, FlexScreen offers residential and commercial consumers the most efficient and effective method for installing window screens. By 2024, this could be a $100 million company.FlexScreen, the ‘Shark Tank’ winning industry disruptor, is innovative in design, strength, and ease. As of May, 2023, the company did over $30 million in sales in 2022. This lets window manufacturers produce FlexScreens at a lower cost than standard aluminum window screens. In July, 2022, the company began licensing its manufacturing process to other window manufacturers. Flexscreen will supply this window manufacturer with screens from its newest factory in Nashua, New Hampshire – the company’s seventh factory. By April, 2022, the company partnered with Harvey Windows in Waltham, Massachusetts. Also in 2021, the company was number 2,321 on the annual Inc. They had to increase their employee count from 100 to 150 at their Pittsburg factory to keep up with demand. In March, 2021, Flexscreen was in stores like Home Depot, Lowes and Menards. Lori thinks this will replace the entire existing window screen industry. This will place FlexScreen in every major retailer internationally. Lori brokered a deal with Saint Gobain, a huge conglomerate that makes windows and window screens (among a lot of other things). He also opened a fifth manufacturing plant in Canada. In the update segment, he reveals that in the year after appearing on Shark Tank (2020), sales tripled from $5.1 to over $15 million. Perhaps we’ll learn some more about that in the episode 1212 update segment. Joe is still selling direct to consumer, but he and Lori are going into retail stores. Joe reportedly has manufacturing plants in his home state of Pennsylvania, Georgia, Michigan and South Dakota with more in the works. The deal with Lori finally closed after the August, 2020 rerun. As of August, 2020 it still has not closed. It appears as if the deal has not closed with Lori yet. The first re-run of this episode comes just two months after the original air date. The Shark Tank Blog constantly provides updates and follow-ups about entrepreneurs who have appeared on the Shark Tank TV show. Thinking Lori has better connections in the hardware space, he accepts Lori’s offer. Joe seems to be leaning towards Barbara’s offer when Lori matches it. Barbara offers $400,000 in cash and a $400,000 line of credit in exchange for 50% of the retail business. Lori offers $400,000 in cash and a $400,000 line of credit for 10% of the company. Kevin offers $800,000 for 20% contingent on a licensing deal with a major window manufacturer. The Sharks think licensing and selling in stores with standard sizing could increase sales. ![]() They also think his product is priced too low with just 15% margins. The Sharks like this, but think he’s leaving money on the table not selling direct to consumers. In five years, he’s sold over $5 million direct to window manufacturers. After explaining his business and handing out samples, he gets down to business. Joe enters seeking $800,000 for 6% of his business. Posts about FlexScreen on Shark Tank Blogįlex Screen – Replacement Window Screens FlexScreen Shark Tank Recap He likely wants a Shark to help him expand that network. For now, you can only order off the website, but Joe is looking to build a dealer network for his product. An average window screen costs about $70. Measure the height and width of the screen and depth of the screen slot and they’ll ship your custom sized screen off. It’s so easy to remove, cleaning becomes far less of a chore.Įach screen is custom sized. Since the screen’s frame slips into the slot, there is increased visibility. This lets you “squeeze” your replacement screen into the slots for holding screens. It’s a replacement window screen with a PVC coated steel spring frame. He thought about the problem and, like any good entrepreneur, he created a solution. Screens tear, get dirty, and they’re hard to remove and replace. After spending some time in the replacement window industry, Joe found out the biggest complaint people had was their window screens. Joe Altieri hopes a Shark invests in FlexScreen, his replacement window screens, in Shark Tank episode 1108.
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