The Company sources scrap metals primarily from residents and businesses in Manatee County, accepting a wide range of materials except precious metals. These materials include used radiators, automotive components, insulated aluminum and copper wires, electric motors, stainless steel, scrap iron, appliances, aluminum cans, lead acid batteries, and e-scrap. No single supplier contributes more than 10% of the total scrap metals purchased. The Company sells processed ferrous and nonferrous scrap metals to multiple off-take partners through a bidding process that considers factors such as freight costs and prior acceptance of materials. Some buyers provide free freight or free pickup from Manatee County, which influences the bidding process. The Company does not maintain a separate sales force and utilizes social media for sales generation. It competes with five other scrap yards in the southern Tampa Bay market, including Hillsborough, Pinellas, and Manatee Counties, offering competitive pricing and maintaining a clean facility to attract commercial accounts and peddler traffic.
Kingfish Holding's Comment on Supply Chain
The Company sources scrap metals primarily from residents and businesses in Manatee County, accepting a wide range of materials except precious metals. These materials include used radiators, automotive components, insulated aluminum and copper wires, electric motors, stainless steel, scrap iron, appliances, aluminum cans, lead acid batteries, and e-scrap. No single supplier contributes more than 10% of the total scrap metals purchased. The Company sells processed ferrous and nonferrous scrap metals to multiple off-take partners through a bidding process that considers factors such as freight costs and prior acceptance of materials. Some buyers provide free freight or free pickup from Manatee County, which influences the bidding process. The Company does not maintain a separate sales force and utilizes social media for sales generation. It competes with five other scrap yards in the southern Tampa Bay market, including Hillsborough, Pinellas, and Manatee Counties, offering competitive pricing and maintaining a clean facility to attract commercial accounts and peddler traffic.
Sources:
Kingfish Holding Corporation's official press releases and regulatory filings; CSIMarket.com's supply-chain research; and the financial filings and press releases of other companies cited in this report.
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