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Howard Skolnik
Brian Hand
Dean Ricker
New Venture LabNew Venture Lab
October 2nd, 2013October 2nd, 2013
Agenda
• Company Overview & Brief History
• Dynamics of Industrial Packaging
• Why Skolnik?
• Our Products and Customers
• New Product Discussion
Why Skolnik?
• Offer more than 150 UN Certifications
• In house UN testing
• Expert QA and Engineering staff
• Customized Solutions
• Multiple drum types and sizes
• World leader in Salvage Drums
• Compliance (closure instructions)
Carbon Steel Drums
• Capacity: 5 to 110 gallons
• UN Rated
• MARKETS:
– Chemicals
– Paints and Powders
– Food and Beverage
– Dangerous Goods
Salvage Drums
• 5 to 110 Gallons
• UN Rated
• Markets:
– Haz Mat Response
– Environmental Cleanups
– Freight/Logistics over-
packing
Stainless Steel Drums
• 5 to 55 Gallons
• UN Rated
• Markets:
– Chemical
– Pharmaceutical
– Food and Beverage
– High Purity and
Compatibility
Requirements
NEW: Seamless Stainless Steel
• Size: 55 Gallon
• UN Rated
• Seamless “Crevice Free”
Interior
• Applications:
– High Purity Products (no
contamination)
– Nitric Acid
New Product Discussion
• Current Revenue Breakdown
– Carbon Steel 85% $25-$150 per drum
– Stainless 15% $250-600
• Seamless 2-4% $800-2000
• Current Revenue - Heavy reliance on
catalogers, DOE, DOD
• Desire to expand market opportunities
– Focus on higher margin products
• Stainless, seamless drums are highest margin
Stainless, Seamless Drums
• Stainless
– Non-reactive with most chemicals
• Seamless
– No crevices for bacteria to hide
– Can be cleaned and reused
Stainless, Seamless Market
• Pharmaceutical
• Specialty chemicals
– Acids for semiconductor manufacturing
• Food processing
• Personal care
– Lotions, deodorants
Class Project Objectives
• Investigate Stainless, Seamless market
– Identify largest market sectors
– Identify sectors that are not adequately served
• Determine best match for Skolnik’s
capabilities
• Evaluate pricing structures
• Recommend go-to-market strategies
• Have fun!
Let’s Get Started!

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New Venture Lab 2013

  • 1. Howard Skolnik Brian Hand Dean Ricker New Venture LabNew Venture Lab October 2nd, 2013October 2nd, 2013
  • 2. Agenda • Company Overview & Brief History • Dynamics of Industrial Packaging • Why Skolnik? • Our Products and Customers • New Product Discussion
  • 3.
  • 4.
  • 5.
  • 6.
  • 7.
  • 8. Why Skolnik? • Offer more than 150 UN Certifications • In house UN testing • Expert QA and Engineering staff • Customized Solutions • Multiple drum types and sizes • World leader in Salvage Drums • Compliance (closure instructions)
  • 9. Carbon Steel Drums • Capacity: 5 to 110 gallons • UN Rated • MARKETS: – Chemicals – Paints and Powders – Food and Beverage – Dangerous Goods
  • 10. Salvage Drums • 5 to 110 Gallons • UN Rated • Markets: – Haz Mat Response – Environmental Cleanups – Freight/Logistics over- packing
  • 11. Stainless Steel Drums • 5 to 55 Gallons • UN Rated • Markets: – Chemical – Pharmaceutical – Food and Beverage – High Purity and Compatibility Requirements
  • 12. NEW: Seamless Stainless Steel • Size: 55 Gallon • UN Rated • Seamless “Crevice Free” Interior • Applications: – High Purity Products (no contamination) – Nitric Acid
  • 13. New Product Discussion • Current Revenue Breakdown – Carbon Steel 85% $25-$150 per drum – Stainless 15% $250-600 • Seamless 2-4% $800-2000 • Current Revenue - Heavy reliance on catalogers, DOE, DOD • Desire to expand market opportunities – Focus on higher margin products • Stainless, seamless drums are highest margin
  • 14. Stainless, Seamless Drums • Stainless – Non-reactive with most chemicals • Seamless – No crevices for bacteria to hide – Can be cleaned and reused
  • 15. Stainless, Seamless Market • Pharmaceutical • Specialty chemicals – Acids for semiconductor manufacturing • Food processing • Personal care – Lotions, deodorants
  • 16. Class Project Objectives • Investigate Stainless, Seamless market – Identify largest market sectors – Identify sectors that are not adequately served • Determine best match for Skolnik’s capabilities • Evaluate pricing structures • Recommend go-to-market strategies • Have fun!