__________________________________________________________________________________________ Anchor
Fabrication
bodies for one of the industry ’ s leading players . “ We were already producing some truck service bodies for a customer in Tennessee , but we were approached by a major client around three years ago and signed a contract in January 2023 ,” Greg reveals . “ Due to the size of the contract , we had to carefully consider how to best structure the business to cope with such volume .
“ We leased a 180,000-square-foot facility in Smithville , Tennessee , in May 2023 , which was fully capitalized by October , and we began production in December . We ’ re currently producing more than 100 truck bodies every month , with plans in place to triple our capacity . On an annual basis , we estimate that this truck body revenue alone will boost our overall revenue by more than $ 80 million .
“ We ’ ve also recently invested in cobots ,” he informs us . “ While we ’ ve used robotic welders for a long time , we ’ ve introduced cobots to our operation , which is a mobile robotic welder on wheels . This means we can continuously move the welding unit to the necessary part , as opposed to moving every part to the robot .”
Turning to the future , Greg says : “ There are always ongoing discussions about potential acquisitions , but we ’ re currently focusing on delivering the significant amount of new work we ’ ve won over the last six months or so , as well as continuing the advancement of our cross selling opportunities and best practices such as cobots . We will continue to invest in our sites and capabilities , and put stable , repeatable processes in place to boost efficiency .
“ Over the last five years , we ’ ve reinvested around seven percent of our profits to set up new factories and add 300,000 square feet of manufacturing space to our portfolio ,” he concludes . “ We ’ ve also onboarded a new powder coat system , four new fiber lasers , and six press brakes . As I mentioned earlier , we ’ re currently at a turnover of around $ 265 million , but over the next three-to-five years , we ’ re aiming to grow that figure to around $ 450 million-to- $ 500 million .” ■
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