Madico, Inc. Company Profile

Background

Overview

Madico, Inc. is a leading manufacturer of innovative window films, coatings, metallizing, and laminate solutions. Established in 1903, the company has over a century of experience in producing high-quality film products. Headquartered in Pinellas Park, Florida, Madico operates a state-of-the-art manufacturing facility featuring advanced coating and laminating lines, as well as a dedicated research and development center.

Mission and Vision

Madico's mission is to provide protective, functional, and decorative materials-based solutions that enhance safety, comfort, and efficiency across various industries. The company's vision is to be recognized as a leader in the specialty solutions, window films, and diversified business markets it serves worldwide.

Primary Area of Focus

Madico specializes in the development and manufacturing of multi-layered films for automotive, architectural, safety and security, and specialty applications. The company's products are designed to improve energy efficiency, enhance safety, and provide aesthetic enhancements for glass surfaces.

Industry Significance

With over 120 years in the industry, Madico has pioneered numerous industry-first products, earning recognition from esteemed organizations such as the Protecting People First Foundation. The company's commitment to quality and innovation has solidified its position as a trusted manufacturer in the window film and specialty solutions market.

Key Strategic Focus

Core Objectives

• Innovation: Continuously develop and introduce advanced film technologies to meet evolving market demands.

• Customer Satisfaction: Provide high-quality products and exceptional service to strengthen customer relationships.

• Market Expansion: Expand global presence through strategic acquisitions and partnerships.

Specific Areas of Specialization

• Automotive Films: Enhance vehicle aesthetics and protection with products like ClearPlex® windshield protection film and Black Pearl® Nano-Ceramic automotive films.

• Architectural Films: Improve building energy efficiency and comfort with Sunscape® architectural films.

• Safety and Security Films: Provide protection against break-ins and natural disasters with SafetyShield® films and anchoring restraint systems.

• Specialty Solutions: Offer value-added film solutions for OEMs in industries such as aerospace, healthcare, transportation, and building construction.

Key Technologies Utilized

• Advanced Coating and Laminating: Utilize sophisticated coating and laminating lines to produce high-performance films.

• Research and Development: Invest in R&D to drive innovation and develop new film technologies.

Primary Markets Targeted

• Automotive Industry: Vehicle manufacturers and aftermarket service providers.

• Construction Sector: Commercial and residential building projects.

• OEMs: Original Equipment Manufacturers in aerospace, healthcare, and transportation.

Financials and Funding

Funding History

Madico is a privately held company and does not publicly disclose detailed financial information. The company has made strategic investments to support its growth, including a $30 million investment in a new world headquarters and manufacturing expansion in 2017.

Recent Funding Rounds

Specific details regarding recent funding rounds are not publicly available.

Notable Investors

Madico is a fully owned subsidiary of Lintec USA Holdings, Inc., a global leader in the manufacturing of advanced materials.

Intended Utilization of Capital

The capital investments have been directed towards expanding manufacturing capabilities, enhancing research and development efforts, and supporting strategic acquisitions to strengthen market position.

Pipeline Development

Key Pipeline Candidates

• ClearPlex® Windshield Protection Film: A protective film designed to shield automotive windshields from damage.

• Black Pearl® Nano-Ceramic Automotive Films: Advanced automotive window films utilizing nano-ceramic technology to reduce heat and glare while blocking UV rays.

• SafetyShield® Films and Anchoring Restraint Systems: Safety and security films designed to provide protection against break-ins and natural disasters.

Stages of Development

These products are in various stages of market introduction, with some already available and others in the process of being rolled out to new markets.

Target Conditions

• Automotive Applications: Protection against rock chips, UV-induced fading, and heat.

• Architectural Applications: Energy efficiency, glare reduction, and UV protection.

• Safety and Security Applications: Intrusion prevention and protection against natural disasters.

Relevant Timelines for Anticipated Milestones

Specific timelines for product development milestones are not publicly disclosed.

Technological Platform and Innovation

Proprietary Technologies

• ClearPlex® Windshield Protection Film: A protective film designed to shield automotive windshields from damage.

• Black Pearl® Nano-Ceramic Automotive Films: Advanced automotive window films utilizing nano-ceramic technology to reduce heat and glare while blocking UV rays.

• SafetyShield® Films and Anchoring Restraint Systems: Safety and security films designed to provide protection against break-ins and natural disasters.

Significant Scientific Methods

• Advanced Coating and Laminating: Utilize sophisticated coating and laminating lines to produce high-performance films.

• Research and Development: Invest in R&D to drive innovation and develop new film technologies.

Leadership Team

Key Executives

• Shawn Kitchell: President and CEO of Madico, Inc.

• Jeffrey Plummer: Senior Vice President and General Manager of the Window Film Division.

• John Storms: Vice President and General Manager of the Specialty Solutions Division.

• David Kaliser: Vice President of Marketing and Product Innovation.

Professional Backgrounds

• Shawn Kitchell: Over 30 years of experience in the manufacturing industry, with a focus on operations and strategic growth.

• Jeffrey Plummer: More than 30 years in the window film industry, with expertise in sales and marketing.

• John Storms: 23 years of industry experience, specializing in specialty film solutions.

• David Kaliser: Over 12 years in the window film industry, with a background in marketing and product development.

Key Contributions

• Shawn Kitchell: Led the expansion of Madico's manufacturing capabilities and global presence.

• Jeffrey Plummer: Directed the growth and innovation of the Window Film Division.

• John Storms: Developed and expanded the Specialty Solutions Division.

• David Kaliser: Spearheaded marketing strategies and new product development initiatives.

Leadership Changes

Recent Appointments

• Lawrence Constantin: Vice President, Window Film Sales & Marketing.

• Jessica Stewart: Director of Marketing.

• Steve Wood: Director, Key Accounts & Private Label.

• Sarah Ortiz: Global Business Manager, Architecture.

• David Jensen: Global Business Manager, Automotive.

• Naomi Granados: U.S. Window Film Distribution Manager.

Predecessor Roles and Dates

Specific details regarding predecessor roles and dates are not publicly disclosed.

Competitor Profile

Market Insights and Dynamics

The window film and specialty solutions market is characterized by a growing demand for energy-efficient and safety-enhancing products. Advancements in film technologies and increasing awareness of environmental and security concerns contribute to market growth.

Competitor Analysis

• Hanita Coatings: Specializes in solar control and security films, offering a range of products for automotive and architectural applications.

• DigiCut: Provides window film solutions with a focus on precision cutting and customization.

• Decorative Films: Offers a variety of decorative and privacy films for residential and commercial use.

• Johnson Window Films: Provides automotive and architectural window films with a focus on quality and performance.

• 3M Company: A diversified technology company offering a wide range of window films and related products.

• Eastman Chemical Company: Through its LLumar and SunTek brands, offers window films focused on energy efficiency and security.