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About Deltron, Inc. (OTC: DTRO)
On May , , Deltron, Inc., entered into an Asset Purchase Agreement with Blu Vu Deep Oil amp Gas Exploration, Inc., a Nevada corporation Blue Vu . Under the terms of the Agreement, the Company purchased substantially all of the assets of Blue Vu, consisting of, but not limited to, all stock of Blu Vu s subsidiary, Elasco, Inc., certain intellectual properties, computer programs and software, contracts, claims and accounts receivables associated with the operation of Blue Vu s business of developing underwater deep breathing apparatus. lt br / gt lt br / gt Additionally, Deltron intends to seek complementary businesses to enhance its growth by acquiring companies with historically profitable results, strong balance sheets, high profit margins, and solid management teams in place. Under the assumption of finding appropriate target companies, Deltron expects to fulfill its strategic growth plan with additional acquisitions during each of the next several years. lt br / gt lt br / gt On March , , Blu Vu acquired Elasco Inc., an engineered plastics and polyurethane molding company with a production facility in Southern California. Elasco is a leader in polyurethane and plastics technologies. Elasco has been in business since producing a variety of recreational and industrial products used in dynamic applications made mainly from polyurethane. The company also has injection molding capability of reinforced and non reinforced plastics and produces many parts for its internal use as component parts in various assemblies. In what is currently a fragmented market, Elasco and Deltron expect to fill the need for improved, safer and more efficient breathing technology. This acquisition of Elasco is intended to allow Deltron to manufacture its proprietary Rebreather technologies, as well as provide new synergies among future acquired companies that may develop, allowing for greater cost effectiveness, thus further enhancing each individual company s strengths. lt br / gt lt br / gt The molded polyurethane products segment that Elasco operates in is an industry that is extremely fragmented. Most companies operate in niche markets providing very specific products to their customer base. The majority of these companies use a lesser amount of automation than Elasco does. They also have significantly higher raw material costs because they typically purchase premixed packages through sources that significantly mark up the price of the base materials. Elasco has a vertically integrated production facility that enables it to purchase raw materials at a significant discount from the typical price of premixed products. We expect to target companies for acquisition that have synergies that will benefit from advantages in productivity and raw material costs that Elasco can provide in order to maximize the profit potential of those companies.
- Stephen Vlahos / President, CEO
Current Share Structure
- Market Cap: $168,205 - 03/19/2018
- Issue and Outstanding: 33,641,087 - 12/16/2011
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