Benchmark Foam Inc. Company Profile

Background

Founded in 1988 and headquartered in Watertown, South Dakota, Benchmark Foam Inc. specializes in the manufacturing of expanded polystyrene (EPS) foam and other specialty plastics. The company is dedicated to delivering high-quality products and exceptional customer service, as evidenced by its industry-exclusive On-Time Guarantee, ensuring timely delivery of products to clients.

Key Strategic Focus

Benchmark Foam's strategic focus centers on providing a diverse range of EPS products tailored to various applications, including:

Architectural Shapes for EIFS: Custom-designed EPS components for Exterior Insulation and Finish Systems.

Commercial and Residential Insulation: EPS solutions designed to enhance energy efficiency in buildings.

Custom Molded Packaging: Protective packaging solutions crafted from EPS to safeguard products during transit.

Dock Floats: EPS-based flotation devices for docks and marinas.

Insulated Concrete Forms (ICF): EPS forms that provide insulation and structural support for concrete walls.

Roofing Insulation: EPS insulation products designed for various roofing applications.

Specialty Foam Coatings: Protective coatings applied to EPS products to enhance durability and performance.

By leveraging advanced EPS manufacturing technologies, Benchmark Foam aims to meet the evolving needs of clients across the construction, industrial, and manufacturing sectors.

Financials and Funding

Benchmark Foam Inc. operates as a privately held company. Estimates of the company's annual revenue vary, with figures ranging from $1.7 million to $14.4 million. The company employs between 27 and 102 individuals, according to different sources.

Technological Platform and Innovation

Benchmark Foam utilizes advanced EPS manufacturing technologies to produce a wide array of products. The company's facility is equipped with:

EPS Block Molding Machines: For producing large blocks of EPS foam.

EPS Shape Molding Machines: For creating custom-molded EPS products.

CNC Hot Wire Foam Cutters: For precision cutting of EPS foam into specific shapes and sizes.

These technologies enable Benchmark Foam to offer customized solutions that meet the specific requirements of their clients.

Leadership Team

The leadership team at Benchmark Foam Inc. includes:

Tom Devine: President

Wendy Fransen: Vice President of Finance

Robert Reiner: President

Kevin Christofferson: Plant Manager

Dawn Vaux: Human Resources Manager

This team brings a wealth of experience in manufacturing, finance, and human resources, contributing to the company's ongoing success.

Competitor Profile

Market Insights and Dynamics

The EPS foam industry serves various sectors, including construction, packaging, and insulation. The market is characterized by a demand for lightweight, durable, and energy-efficient materials. Companies in this sector compete on product quality, customization capabilities, and delivery reliability.

Competitor Analysis

Benchmark Foam Inc. faces competition from several companies in the EPS and specialty plastics manufacturing industry, including:

Polyfoam: Offers a range of foam products with an estimated revenue of $27.3 million and 112 employees.

Progressive Foam Technologies: Specializes in foam insulation products, with an estimated revenue of $32 million and 104 employees.

Star R Foam: Provides various foam solutions, with an estimated revenue of $12.8 million and 77 employees.

Foam-Craft: Manufactures foam products for multiple applications, with an estimated revenue of $62.1 million and 315 employees.

Dyplast Products: Produces insulation and specialty foam products, with an estimated revenue of $11.2 million and 54 employees.

These competitors offer similar products and services, making the market highly competitive.

Strategic Collaborations and Partnerships

Benchmark Foam has engaged in various collaborations to enhance its market position and innovation capacity. Notably, the company has partnered with Habitat for Humanity, contributing EPS products to support affordable housing projects.

Operational Insights

Benchmark Foam's commitment to quality and timely delivery, as demonstrated by its On-Time Guarantee, provides a competitive edge in the market. The company's ability to offer customized EPS solutions tailored to client needs further differentiates it from competitors.

Strategic Opportunities and Future Directions

Looking ahead, Benchmark Foam Inc. has opportunities to expand its product offerings and enter new markets by leveraging its expertise in EPS manufacturing. Investing in research and development to create innovative, energy-efficient products can position the company as a leader in sustainable building materials. Additionally, forming strategic partnerships with construction firms and developers can enhance market reach and drive growth.