HPI Products, Inc. is a processor and packager of granular and liquid products, primarily for the lawn and garden industries. Established in 1980, the company’s products range from Agrochemicals to specialty cleaners; in any size from one-ounce containers to fifty-five gallon drums; in any form from liquids to powders. In addition, they also provide formulation development services for creating new products. HPI Products has extensive manufacturing and warehouse space in St. Joseph, Missouri and Damascus, Georgia.
According to President William Garvey, HPI Products, Inc. needed a financial source that would provide a new line of credit of $5 million in order to continue the company’s anticipated growth.
R.L. Hulett & Company, Inc. was engaged as HPI Products’ financial advisor and was able to analyze the structure, prepare the financial request and help identify the lending sources.