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Strategic Manufacturers, Inc., Subsidiary of Small Business Development Group (OTC: SBDG), Announces Retaining The Carlton Group, Ltd. to Capitalize the Construction of Nitrile Glove Manufacturing Facilities
Strategic Manufacturers, Inc., Subsidiary of Small Business Development Group (OTC: SBDG), Announces Retaining The Carlton Group, Ltd. to Capitalize the Construction of Nitrile Glove Manufacturing Facilities.
About this update from Small Business Development Group, Inc.
[{"type":"text","content":"\n CARY, NC, April 06, 2022 (GLOBE NEWSWIRE) -- via NewMediaWire – Small Business Development Group, Inc. (OTC:SBDG) (www.SBDGStock.com)  is pleased to announce that its wholly-owned subsidiary, Strategic Manufacturers, Inc. (SMI) has signed an exclusive advisory agreement with The Carlton Group, Ltd., one of the world’s leading real estate investment banks, for the capitalization of $303 million nitrile glove manufacturing facilities scheduled to be constructed in the Katy and Cypress areas of Texas near Houston. The plan to build the manufacturing facilities, including producing medical-grade NBR (nitrile butadiene rubber), from which the gloves are made, was first announced in an SBDG news release on Nov. 4, 2021. “The global market for nitrile gloves now approaches 600 billion gloves annually with total production capacity worldwide at 420 billion.  Several years ago, the U.S. attempted to stockpile 4.5 billion gloves and could find only 72 million gloves.  Our new facilities will put an end to a catastrophic shortage during a pandemic,” said SMI CEO David Emery.  “The vast majority of these gloves are manufactured abroad, and there is currently no U.S. production of NBR. That is not acceptable. The current supply chain from Asia can be fragile and SMI production will ensure that this vital product is manufactured in the U.S.” “SMI will construct one facility with 16 nitrile glove production lines capable of producing almost 5 billion nitrile gloves per year and a co-located facility producing 120,000 metric tons of wet nitrile butadiene rubber annually,” said Roy Y. Salisbury, SBDG CEO and Chairman.  “Nitrile examination gloves are widely used by hospitals, medical personnel, and emergency workers to protect them against infection, disease, harmful chemical agents and pathogens including coronavirus.  The gloves have played a vital role during the current pandemic.” “This transaction is both potentially very profitable plus it is good for America.  We are very excited to play a key role,” said Jonathan Rosner, Managing Director at The Carlton Group.  “Our real estate capital advisory platform has an excellent reputation for access to global markets combined with forward-thinking vision creating a flexible, i...