This extraordinary start-up was 23 years in the making and there is no other product on the market like it. The seller has used nature and science to create a repeatable process in crafting spalted wood. Nature produces spalted wood and the only way to get it is find a piece on the forest floor. This boutique wood alchemist has developed a proprietary biomimicry process that enables the cultivation, production and scalability of authentic spalted maple. The seller currently has two million square feet of inventory which can be made into multiple products. The retail value of the inventory for spalted veneer products is between $6 million and $13 million. The current inventory can also be used to produce 62,500 sheets of spalted maple plywood with a retail value of $28,000,000 USD. This process can also be used to create spalted wood from other species. The seller is currently working on an expansion plan to produce at least 40,000,000 square feet of spalted wood. There is a US Patent pending on this amazing process. An independent appraisal valued the probable sales price at over $15 million USD. This valuation is included in the CIM.
What is Spalted Wood? - Spalted wood is any kind of timber which has undergone decay caused by specific mushrooms. The kaleidoscope patterns of color washes and black lines are a chemical reaction of two competing fungi putting up walls to keep the other at bay as they fight to colonize the wood. These stunning forces of nature are consistently inconsistent - perfectly imperfect, and exactly why people love it.
There is no competition for the mass production of spalted wood.
Seller wants to remain with the business in a creative and scientific role.
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