Solomon Colors Company Profile

Background

Founded in 1927, Solomon Colors, Inc. has established itself as a global leader in architectural concrete products. The company is dedicated to innovation and quality, providing a comprehensive range of products and services to meet the evolving needs of the concrete industry. As a family-owned and employee-owned business, Solomon Colors emphasizes a culture of commitment and excellence.

Key Strategic Focus

Solomon Colors specializes in manufacturing high-quality pigments, dispensers, and decorative concrete products. The company's core objectives include developing innovative solutions such as the ColorSelect® systems for pigment dispensing and expanding its product line through strategic acquisitions like Brickform. Solomon Colors targets markets including ready-mix producers, concrete product manufacturers, distributors, architects, and homeowners, aiming to enhance the aesthetic and functional qualities of concrete surfaces.

Financials and Funding

As of December 2024, Solomon Colors reported annual revenues of approximately $42.1 million, with a workforce of around 131 employees. The company operates as a family-owned and employee-owned entity, with over 51% of its stock held by employees and the remainder by the Solomon family.

Pipeline Development

Solomon Colors continually invests in research and development to introduce new products and improve existing ones. Notably, the company developed a patent-pending granulation method for pigments, resulting in the ColorFlo SG Granular product line. This innovation offers enhanced dispersion and compatibility with various dosing systems, catering to the needs of block and paver producers.

Technological Platform and Innovation

The company's commitment to innovation is evident in its proprietary technologies and methodologies:

ColorSelect® Systems: Automated pigment dispensing systems designed for dry, liquid, and granular pigments, ensuring precise and consistent color integration in concrete mixes.

ColorFlo SG Granular Pigments: Developed through a unique granulation process, these pigments offer superior dispersion and are compatible with various dosing systems, enhancing efficiency for concrete product manufacturers.

MyConcreteContractor.com: A platform launched to assist decorative concrete contractors in promoting their services, featuring contractor locators, educational articles, and specifications for architects.

Leadership Team

Solomon Colors' leadership team comprises experienced professionals dedicated to driving the company's success:

Rich Solomon: Chief Executive Officer

Adam Solomon: Chief Operations Officer

Charles Kreutzer: Executive Vice President and Chief Financial Officer

Aaron Thomas: Vice President of Sales & Marketing

Brent Lake: Vice President of Finance

Greg Iannone: Regional Vice President - Western Sales

Ross Urshan: Regional Vice President of Sales

Zackery Fox: Vice President of Quality and Operations

Competitor Profile

Market Insights and Dynamics

The architectural concrete products industry is characterized by steady growth, driven by increasing demand for aesthetically pleasing and durable construction materials. Innovations in concrete coloring and decorative techniques have expanded the market, with companies striving to offer unique solutions to meet diverse customer needs.

Competitor Analysis

Key competitors in the industry include:

Davis Colors: Offers a wide range of standard and custom concrete colors, focusing on providing diverse options for concrete coloring.

Brickform: Specializes in professional-grade decorative concrete materials and tools, including stamps, stains, and sealers. Notably, Brickform was acquired by Solomon Colors in 2008, enhancing the company's product portfolio.

BASF: A global chemical company with a division dedicated to construction chemicals, offering a variety of concrete admixtures and pigments.

These competitors focus on providing high-quality products and innovative solutions to meet the evolving demands of the concrete industry.

Strategic Collaborations and Partnerships

Solomon Colors has engaged in strategic collaborations to strengthen its market position:

Acquisition of Brickform: In 2008, Solomon Colors acquired Brickform, a leader in decorative concrete products, expanding its product offerings and market reach.

Launch of MyConcreteContractor.com: This platform was introduced to support decorative concrete contractors by providing promotional tools and resources, fostering industry growth and collaboration.

Operational Insights

Solomon Colors differentiates itself through a combination of innovative products, comprehensive customer support, and a commitment to quality. The company's domestic manufacturing capabilities, particularly in producing granular pigments, provide a competitive advantage by ensuring quality control and reliable supply chains. Additionally, the employee-owned structure fosters a culture of dedication and accountability, contributing to the company's success.

Strategic Opportunities and Future Directions

Looking ahead, Solomon Colors aims to:

Expand Product Lines: Continue developing innovative products to meet emerging market demands, such as advanced pigment technologies and decorative concrete solutions.

Enhance Digital Platforms: Invest in digital tools and platforms to support contractors and customers, improving accessibility to resources and services.

Strengthen Global Presence: Explore opportunities to establish manufacturing operations in international markets, such as China, to better serve local customers and navigate trade tariffs.

By leveraging its strengths in innovation, quality, and customer support, Solomon Colors is well-positioned to achieve its future objectives and maintain its leadership in the architectural concrete products industry.