Xerxes Corporation is a leading provider of innovative composite technologies, specializing in the design and manufacture of high-quality fiberglass storage tanks and stormwater management products. Established in 1979, the company has built a reputation for delivering durable and cost-effective solutions for the petroleum, water, wastewater, and chemical markets. Xerxes is committed to addressing evolving market needs by developing products that ensure the safe and efficient storage of liquids underground.
Key Strategic Focus
Xerxes focuses on engineering and manufacturing corrosion-resistant fiberglass tanks for underground storage applications. Their product portfolio includes fuel storage tanks compatible with traditional fuels and biofuels, water and wastewater storage solutions, and stormwater management systems. The company targets industries such as petroleum, water treatment, and construction, aiming to provide reliable storage solutions that meet stringent environmental and safety standards.
Financials and Funding
As of recent estimates, Xerxes generates annual revenues between $100 million and $250 million. The company employs approximately 251 to 500 individuals across its various locations. In 2019, Xerxes became part of Shawcor, a global energy and infrastructure technology company based in Toronto. In 2023, Shawcor rebranded as Mattr, with Xerxes continuing as a key brand within the organization.
Technological Platform and Innovation
Xerxes distinguishes itself through proprietary technologies and innovative methodologies:
- Parabeam® 3D Glass Fabric: Incorporated into tank designs to enhance structural strength.
- Truchek® Hydrostatic Monitoring System: A patented system for double-wall tanks that ensures leak detection and monitoring.
- HydroChain™ Stormwater Management Systems: Introduced in 2021, this product line addresses the growing need for effective stormwater management solutions.
Leadership Team
The leadership team at Xerxes includes:
- Riz Tava: Chief Executive Officer
- Adrian Adrian: General Manager
- Craig Peterson: Vice President and Legal Counsel
These executives bring extensive experience in engineering, manufacturing, and corporate governance, guiding Xerxes in its strategic initiatives and operational excellence.
Competitor Profile
The market for fiberglass storage tanks and stormwater management solutions is competitive, with several key players:
- Trelleborg: A global engineering group specializing in polymer technology, offering a range of industrial solutions.
- MOCOM Compounds: Provides high-performance thermoplastic compounds for various industries.
- Enka de Colombia: Manufactures synthetic fibers and related products for industrial applications.
- Charter Next Generation: Produces specialty films used in packaging and industrial sectors.
Strategic Collaborations and Partnerships
In 2021, Xerxes expanded its product offerings by introducing the HydroChain™ Stormwater Management Systems. This expansion involved partnerships with third-party manufacturers to create site-specific solutions, demonstrating Xerxes' commitment to innovation and responsiveness to market demands.
Operational Insights
Xerxes operates multiple manufacturing facilities across North America, including locations in Bloomington, MN; Anaheim, CA; Seguin, TX; Tipton, IA; and Williamsport, MD. This extensive manufacturing footprint enables the company to efficiently serve a diverse customer base and maintain a strong market presence.
Strategic Opportunities and Future Directions
As part of Mattr, Xerxes is well-positioned to leverage synergies within the parent organization to drive innovation and expand its market reach. The company's focus on developing advanced composite solutions and addressing environmental challenges presents opportunities for growth in sectors such as renewable energy and sustainable infrastructure.
Contact Information
For more information about Xerxes and its products, visit their official website:
Note: Specific contact details such as email addresses and phone numbers are not provided in this profile.
