Multistack Revenue and Competitors

Throughout 1989 and the early 1990's, Multistack LLC established an extensive North American distribution network, redesigned the Australian product for North American distribution, established a manufacturing process in West Salem, Wisconsin, and began a revolution in the commercial water chiller industry. As with any new idea, skepticism was common. In a mature industry like cooling and refrigeration, new ideas are not accepted without being put to the test. But year after year, Multistack saw its sales grow at an annual rate in excess of 15 percent. In fact, in six of the last seven years Multistack has experienced annual growth in excess of 35 percent! Since the early 90's, control of Multistack has shifted to succession management. Mr. Mark Platt and Mr. Charles Kenyon joined Multistack in 1995 and 1996 respectively and have been controlling the day-to-day operation of the business since that time. In June of 2002 Messrs. Platt and Kenyon, along with a small group of private investors successfully executed a Management Buyout of Multistack. This transaction insured the company's independence and a continued focus on its primary market of modular water chillers. Today, Multistack is touching the world in many ways most don't realize. Our chillers are used by major US companies like CBS, Paramount Studios, PPG, Gillette, GE, Ford, GM, and many others. We provide the cooled water used to produce toothbrushes, to cool the crash test facility for a major US automobile manufacturer, to handle the critical cooling needs of the United States Department of State overseas, and recently secured a contract to provide critical cooling to the proving grounds for the US Global Missile Defense System (formerly SDI or “Star Wars”).