TMC Success Story – Foam Distributors Inc.
Foam Distributors Inc; Hayward California; Steve Doyle President; Ron Doyle Treasurer & CFO
• SBA 504 Financing
• Total Project Cost: $5023720
• Jobs Retained and Created: 85
• TMC Lending Partner: JPMorgan Chase Bank
Now celebrating its 35th year Foam Distributors is truly a family affair. Steven and Ron Doyle’s father started the company in 1977.
“We’re proud of being family-owned” says Ron Doyle “and we’re building for the future. The third generation is already in key positions – even the fourth-generation – is ‘ready and waiting in the wings.’”
Foam Distributors first established its reputation for excellence in cushion packaging for the Silicon Valley computer industry but when the industry began outsourcing manufacturing the Doyles diversified “to keep pace with the changing economy” says Ron Doyle.
Today Foam Distributors provides packaging for communications and medical equipment biotechnology products wine bottles fruits and vegetables and cushion parts for the defense industry. The company also supplied foam used to build the famed “green roof” on the California Academy of Sciences.
“We are continually honing our skills to provide what our customers need” says Doyle. “In many cases they take our salespeople on sales calls so together they can design exactly the packaging that’s needed for a specific job.”
When the brothers decided to purchase a larger facility it was an easy decision to go with TMC. “TMC helped us purchase our previous building” says Doyle. “They’re great at moving the loan along.”
Owning has helped the Doyles control costs and expand the workforce by six new full-time staff for a total head count of 90 employees.