CST Accelerates Growth with New Capital Funding Investments of $8M Upgrading Manufacturing Facilities and Software Systems for Improved Performance
10/24/19 – Kansas City, MO – CST Industries, Inc., the world’s largest and leading bolted storage tank, aluminum dome and specialty cover manufacturer, announces substantial company growth led by deploying $8M in new capital investments from owner, Solace Capital Partners, a private investment firm based out of California. Since the acquisition by Solace, in January of 2018, CST has invested heavily in the company’s manufacturing operations and office facilities, from new equipment, software and hardware tools and facility upgrades.
“CST will continue expanding its products and services business by increasing its investments in new infrastructure to meet customers demand for products and services, lead times and customer care. It does not plan to slow down its current momentum,” stated Tim Carpenter, CEO of CST Industries, Inc. “Our rapid investments are the result of our dominant position in the marketplace, and through our relentless focus on enhancing our safety, quality, delivery, manufacturing proficiency, responsiveness and customer satisfaction.”
“The company is currently launching internal programs and business systems aimed to deliver the best-in-class customer service to take CST to the next level of performance,” said Matt Gregg, VP of CST Industries. “The company is gearing towards more personalized servicing by supporting the customers better through improved tools and infrastructure. Our existing business and plans for growth are robust. As for the future, CST is currently planning for many new products and acquisitions that we feel will be real game changers throughout the industries we serve.”
The $8M capital investment has not only allowed the company to make internal infrastructure improvements but has allowed CST to grow its global footprint with the launch of new products and services and significantly increasing their Services business.
About CST Industries
CST is the largest aluminum dome, specialty cover and bolted storage tank manufacturer in the world. CST’s global network includes manufacturing facilities and technical design centers located in Missouri, Kansas, Illinois, Tennessee, Texas, California and the United Kingdom. Regional sales offices are located throughout North America and in Mexico, Argentina, United Kingdom, Dubai, Singapore and Vietnam. CST Industries maintains its headquarters in Kansas City, MO. International offices are located in Brazil, United Kingdom, India, Singapore, Vietnam and Dubai. Currently, more than 350,000 CST tanks and over 19,000 covers have been installed in 125 countries throughout the world.