After working for Component Structures Inc. for nine years, Gary Multanen and a group of investors purchased the company in 1981. He and his wife, Susan bought the company two years later and Gary has been the CEO steering the company’s direction ever since. For six years the company focused on manufacturing bathing products for the modular home industry while also offering custom fabrication services. Although the firm’s revenue grew, Gary was not satisfied with the bottom-line profitability. Against the advice of suppliers, bankers, consultants and company managers, Gary chose to focus solely on bathing products and abandon the custom fabrication business.
About this time, Gary was assisting his aging mother and trying to accommodate her desire to safely remain in her own home. A modification to her existing home was necessary - a bathing system that could accommodate the needs of seniors. While considering the options, Gary realized there was a significant gap in... Read More