What is Durable?
Founded in 1923 in Norwalk, Ohio, Durable has evolved into an innovative manufacturer specializing in products derived from scrap bias ply tires. Its diverse product line includes industrial solutions such as tug boat bumpers, marine dock and pier bumpers, loading dock bumpers, wheel chocks, backhoe pads, and stabilization pads, alongside flooring tiles and other specialty items. This commitment to utilizing recycled materials positions Durable as a forward-thinking entity within the industrial manufacturing landscape, catering to the specific needs of a broad customer base.
How much funding has Durable raised?
Durable has raised a total of $350K across 1 funding round:
Debt
$350K
Debt (2020): $350K with participation from PPP
What's next for Durable?
The substantial late-stage funding and the recent strategic investment indicate Durable is poised for significant expansion and operational enhancement. This capital infusion is likely to fuel advancements in product development, potentially exploring new applications for recycled tire materials, and may support scaling manufacturing capabilities to meet increasing market demand. The company's strategic focus on sustainability and industrial utility, combined with this financial backing, suggests a trajectory aimed at solidifying its market leadership and exploring new avenues for growth.
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