Shelby NC

The Challenge

Our client aims to establish itself as the sole basalt fiberglass manufacturer in North America. August Brown provided a feasibility study required for a proposed $10M loan to be used to complete the construction of a 6,000-metric ton (MT) basalt fiber production facility. Based on the key findings from this feasibility study, Mafic excelled in five business specific areas that drove the positive assessment from August Brown:

1. Technology Position
2. Market Position
3. Capabilities
4. Management
5. Exit Opportunities

The Solution

August Brown continues to work with the client towards increasing operational improvements across the company’s manufacturing and business processes.

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