FlexScreen Net Worth In 2022

FlexScreen is credited for making the first flexible window screen. The founders and investors in this firm are visionaries who thrive with futuristic designs and investments. FlexScreen is a firm that specializes in window replacement, with its convenience of installing, removing, and cleaning in 2022, the company is believed to have a net worth of around $15 million.

Notably, this company also developed a FlexView screen that was designed to offer screen protection while concurrently mitigating both noise and weight. The FlexScreen design is mainly made up of phosphate and is enhanced ideally with steel. Experts say that the window screen designed and built by the company is weather and scratch-resistant.

Who Owns FlexScreen?

Joe Altieri is the founder and CEO of the firm. After noticing the existence of a massive gap in the market, Joe decided to develop his prototype in his garage at home. He knew what he wanted to develop after working in the sector for 20 years.

Since its launch, FlexScreen has grown to become popular among its clients. Not only are the screens easy and simple to put up or take down, but they are also attached with a lifetime guarantee.

Shark Tank Appearance

Altieri came into the tank hoping that he would get an investment of around $800,000 for a 6% stake in his firm. After he displayed his samples and started his pitch, Joe introduced the numbers. Despite his efforts, the sharks had some worries about the project.

The investors believed that Joe was leaving money on the table by not getting involved in selling to the customers directly. They thought that licensing and selling in different stores with standard sizing might help in increasing sales.

After receiving various offers from different sharks, Joe had a big decision to make. Kevin O’Leary offered $800,000 for a 20% stake in the company on a licensing deal with a huge window manufacturer. On the other hand, Lori Greiner offered $400,000 in cash and a $400,000 line of credit for just 10% of the firm.

Furthermore, Barbara offered $400,000 in cash and a $400,000 line of credit for a 10% stake of the retail business. Lori, at some point, got worried since she felt that she was losing Joe and decided to make the rapid decision to match Barbara’s offer and she eventually won that deal. Both she and Joe had a chance to walk out with a new business partner in hand.

Where Is FlexScreen Currently?

The deal with Lori eventually closed and Joe now has several manufacturing plants located in Michigan, Pennsylvania, South Dakota, and Georgia. Today, he continues to expand the business through retail outlets and continues to charge the entire window screen sector by storm.

FlexScreen is believed to be among the most cost-effective solutions available in the market. Analysts’ project that it will become a hundred-million-dollar Company by 2024 and will expand as globally as possible in the coming years.

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