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  5. Texcel Industries, Inc.

Texcel Industries, Inc.

Company Details

Name: Texcel Industries, Inc.
Jurisdiction: Rhode Island
Entity type: Domestic Profit Corporation
Status: Activ
Date of Organization in Rhode Island: 17 Nov 2011 (13 years ago)
Identification Number: 000736045
ZIP code: 02864
County: Providence County
Principal Address: 18 MEETING STREET, CUMBERLAND, RI, 02864, USA
Purpose: OPERATION OF TEXTILE MANUFACTURING BUSINESSES. Title: 7-1.2-1701
Historical names: BF-TEX ACQUISITION, INC.

Industry & Business Activity

NAICS

313310 Textile and Fabric Finishing Mills

This industry comprises (1) establishments primarily engaged in finishing textiles, fabrics, and apparel and (2) establishments of converters who buy fabric goods in the grey, have them finished on contract, and sell at wholesale. Finishing operations include: bleaching, dyeing, printing (e.g., roller, screen, flock, plisse), stonewashing, and other mechanical finishing, such as preshrinking, shrinking, sponging, calendering, mercerizing, and napping; as well as cleaning, scouring, and the preparation of natural fibers and raw stock. Learn more at the U.S. Census Bureau

Companies doing Textile and fabric finishing mills

form 5500

Plan Name Plan Year EIN/PN Received Sponsor Total number of participants
TEXCEL INDUSTRIES INC 401(K) PROFIT SHARING PLAN & TRUST 2023 455040337 2024-04-03 TEXCEL INDUSTRIES INC 40
File View Page
Three-digit plan number (PN) 001
Effective date of plan 2012-01-01
Business code 315990
Sponsor’s telephone number 4019653608
Plan sponsor’s address PO BOX 6187, PROVIDENCE, RI, 029406187

Signature of
Role Plan administrator
Date 2024-04-03
Name of individual signing RICHARD WASSERMAN
Valid signature Filed with authorized/valid electronic signature
TEXCEL INDUSTRIES INC 401(K) PROFIT SHARING PLAN & TRUST 2022 455040337 2023-05-03 TEXCEL INDUSTRIES INC 43
File View Page
Three-digit plan number (PN) 001
Effective date of plan 2012-01-01
Business code 315990
Sponsor’s telephone number 4019653608
Plan sponsor’s address PO BOX 6187, PROVIDENCE, RI, 029406187

Signature of
Role Plan administrator
Date 2023-05-03
Name of individual signing RICHARD WASSERMAN
Valid signature Filed with authorized/valid electronic signature
TEXCEL INDUSTRIES INC 401(K) PROFIT SHARING PLAN & TRUST 2021 455040337 2022-05-13 TEXCEL INDUSTRIES INC 41
File View Page
Three-digit plan number (PN) 001
Effective date of plan 2012-01-01
Business code 315990
Sponsor’s telephone number 4019653608
Plan sponsor’s address PO BOX 6187, PROVIDENCE, RI, 029406187

Signature of
Role Plan administrator
Date 2022-05-13
Name of individual signing RICHARD WASSERMAN
Valid signature Filed with authorized/valid electronic signature
TEXCEL INDUSTRIES INC 401(K) PROFIT SHARING PLAN & TRUST 2020 455040337 2021-06-22 TEXCEL INDUSTRIES INC 35
File View Page
Three-digit plan number (PN) 001
Effective date of plan 2012-01-01
Business code 315990
Sponsor’s telephone number 4019653608
Plan sponsor’s address PO BOX 6187, PROVIDENCE, RI, 029406187

Signature of
Role Plan administrator
Date 2021-06-22
Name of individual signing RICHARD WASSERMAN
Valid signature Filed with authorized/valid electronic signature
TEXCEL INDUSTRIES INC 401(K) PROFIT SHARING PLAN & TRUST 2020 455040337 2021-06-22 TEXCEL INDUSTRIES INC 40
File View Page
Three-digit plan number (PN) 001
Effective date of plan 2012-01-01
Business code 315990
Sponsor’s telephone number 4019653805
Plan sponsor’s address PO BOX 6187, PROVIDENCE, RI, 029406187

Signature of
Role Plan administrator
Date 2021-06-22
Name of individual signing RICHARD WASSERMAN
Valid signature Filed with authorized/valid electronic signature
TEXCEL INDUSTRIES INC 401(K) PROFIT SHARING PLAN & TRUST 2020 455040337 2021-06-22 TEXCEL INDUSTRIES INC 26
File View Page
Three-digit plan number (PN) 001
Effective date of plan 2012-01-01
Business code 315990
Sponsor’s telephone number 4019653608
Plan sponsor’s address PO BOX 6187, PROVIDENCE, RI, 029406187

Signature of
Role Plan administrator
Date 2021-06-22
Name of individual signing RICHARD WASSERMAN
Valid signature Filed with authorized/valid electronic signature
TEXCEL INDUSTRIES INC 401(K) PROFIT SHARING PLAN & TRUST 2020 455040337 2021-06-22 TEXCEL INDUSTRIES INC 37
File View Page
Three-digit plan number (PN) 001
Effective date of plan 2012-01-01
Business code 315990
Sponsor’s telephone number 4019653608
Plan sponsor’s address PO BOX 6187, PROVIDENCE, RI, 029406187

Signature of
Role Plan administrator
Date 2021-06-22
Name of individual signing RICHARD WASSERMAN
Valid signature Filed with authorized/valid electronic signature
TEXCEL INDUSTRIES INC 401(K) PROFIT SHARING PLAN & TRUST 2020 455040337 2021-06-22 TEXCEL INDUSTRIES INC 41
File View Page
Three-digit plan number (PN) 001
Effective date of plan 2012-01-01
Business code 315990
Sponsor’s telephone number 4019653608
Plan sponsor’s address PO BOX 6187, PROVIDENCE, RI, 029406187

Signature of
Role Plan administrator
Date 2021-06-22
Name of individual signing RICHARD WASSERMAN
Valid signature Filed with authorized/valid electronic signature
TEXCEL INDUSTRIES INC 401(K) PROFIT SHARING PLAN & TRUST 2019 455040337 2021-06-22 TEXCEL INDUSTRIES INC 39
File View Page
Three-digit plan number (PN) 001
Effective date of plan 2012-01-01
Business code 315990
Sponsor’s telephone number 4019653608
Plan sponsor’s address PO BOX 6187, PROVIDENCE, RI, 029406187

Signature of
Role Plan administrator
Date 2021-06-22
Name of individual signing RICHARD WASSERMAN
Valid signature Filed with authorized/valid electronic signature
TEXCEL INDUSTRIES INC 401 K PROFIT SHARING PLAN TRUST 2015 455040337 2016-07-07 TEXCEL INDUSTRIES INC 29
File View Page
Three-digit plan number (PN) 001
Effective date of plan 2012-01-01
Business code 315990
Sponsor’s telephone number 4019653608
Plan sponsor’s address PO BOX 6187, PROVIDENCE, RI, 029406187

Signature of
Role Plan administrator
Date 2016-07-07
Name of individual signing RICHARD WASSERMAN
Valid signature Filed with authorized/valid electronic signature
File https://efast2-filings-public.s3.amazonaws.com/prd/2013/07/22/20130722152602P030308514307001.pdf
Three-digit plan number (PN) 001
Effective date of plan 2012-01-01
Business code 315990
Sponsor’s telephone number 4019653608
Plan sponsor’s address PO BOX 7009, CUMBERLAND, RI, 02864

Signature of
Role Plan administrator
Date 2013-07-22
Name of individual signing TEXCEL INDUSTRIES INC
Valid signature Filed with authorized/valid electronic signature

Agent

Name Role Address
JOSHUA TEVEROW, ESQUIRE, LTD. Agent 55 PINE STREET, PROVIDENCE, RI, 02903, USA

PRESIDENT

Name Role Address
JOSHUA TEVEROW PRESIDENT 55 PINE ST PROVIDENCE, RI 02903 USA

Events

Type Date Old Value New Value
Name Change 2012-05-17 BF-TEX ACQUISITION, INC. Texcel Industries, Inc.

Filings

Number Name File Date
202451756950 Annual Report 2024-04-20
202335360060 Annual Report 2023-05-07
202216460630 Annual Report 2022-04-30
202192413240 Annual Report 2021-02-22
202035812580 Annual Report 2020-03-03
201986773410 Annual Report 2019-02-15
201859247440 Annual Report 2018-02-27
201737735360 Annual Report 2017-03-08
201693552450 Annual Report 2016-03-02
201556603800 Annual Report 2015-03-05

USAspending Awards. Contracts

Contract Type Award or IDV Flag PIID Start Date Current End Date Potential End Date
DELIVERY ORDER AWARD 15UYAZ25F00000071 2024-11-13 2024-12-13 2024-12-13
Unique Award Key CONT_AWD_15UYAZ25F00000071_1542_15UC0C22D00002241_1542
Awarding Agency Department of Justice
Link View Page

Award Amounts
Obligated Amount 52500.00
Current Award Amount 52500.00
Potential Award Amount 52500.00

Description
Title RAW MATERIALS - WEBBING
NAICS Code 313220: NARROW FABRIC MILLS AND SCHIFFLI MACHINE EMBROIDERY
Product and Service Codes 6530: HOSPITAL FURNITURE, EQUIPMENT, UTENSILS, AND SUPPLIES

Recipient Details
Recipient TEXCEL INDUSTRIES, INC.
UEI MHP8Q44SK635
Recipient Address UNITED STATES, 18 MEETING ST, CUMBERLAND, PROVIDENCE, RHODE ISLAND, 028648323
DELIVERY ORDER AWARD 15UP0L24F00000148 2024-03-11 2024-06-20 2024-06-20
Unique Award Key CONT_AWD_15UP0L24F00000148_1542_15UC0C22D00002241_1542
Awarding Agency Department of Justice
Link View Page

Award Amounts
Obligated Amount 67600.00
Current Award Amount 67600.00
Potential Award Amount 67600.00

Description
Title WEBBING NEEDED FOR POLLOCK UNICOR
NAICS Code 313220: NARROW FABRIC MILLS AND SCHIFFLI MACHINE EMBROIDERY
Product and Service Codes 8305: TEXTILE FABRICS

Recipient Details
Recipient TEXCEL INDUSTRIES, INC.
UEI MHP8Q44SK635
Recipient Address UNITED STATES, 18 MEETING ST, CUMBERLAND, PROVIDENCE, RHODE ISLAND, 028648323

Paycheck Protection Program

Loan Number Loan Funded Date SBA Origination Office Code Loan Delivery Method Borrower Street Address
8143767003 2020-04-08 0165 PPP 18 MEETING ST, CUMBERLAND, RI, 02864-8323
Loan Status Date 2022-02-09
Loan Status Paid in Full
Loan Maturity in Months 24
SBA Guaranty Percentage 100
Loan Approval Amount (at origination) 378900
Loan Approval Amount (current) 378900
Undisbursed Amount 0
Franchise Name -
Lender Location ID 33371
Servicing Lender Name Bristol County Savings Bank
Servicing Lender Address 29 Broadway, TAUNTON, MA, 02780-3269
Rural or Urban Indicator U
Hubzone Y
LMI Y
Business Age Description Existing or more than 2 years old
Project Address CUMBERLAND, PROVIDENCE, RI, 02864-8323
Project Congressional District RI-01
Number of Employees 40
NAICS code 313220
Borrower Race White
Borrower Ethnicity Not Hispanic or Latino
Business Type Corporation
Originating Lender ID 33371
Originating Lender Name Bristol County Savings Bank
Originating Lender Address TAUNTON, MA
Gender Female Owned
Veteran Non-Veteran
Forgiveness Amount 381463.44
Forgiveness Paid Date 2021-02-16

U.S. Small Business Administration Profile

Status User ID Name of Firm Trade Name UEI Address
Active P1676192 TEXCEL INDUSTRIES, INC. - MHP8Q44SK635 18 MEETING ST, CUMBERLAND, RI, 02864-8323
Capabilities Statement Link -
Phone Number 401-727-2113
Fax Number 401-727-3116
E-mail Address RWASSERMAN@TEXCELINDUSTRIES.COM
WWW Page http://www.texcelindustries.com/
E-Commerce Website http://www.texcelindustries.com/
Contact Person RICHARD WASSERMAN
County Code (3 digit) 007
Congressional District 01
Metropolitan Statistical Area 6480
CAGE Code 6BLW1
Year Established 2012
Accepts Government Credit Card Yes
Legal Structure Subchapter S Corporation
Ownership and Self-Certifications -
Business Development Servicing Office RHODE ISLAND DISTRICT OFFICE (SBA office code 0165)
Capabilities Narrative We’re a leader in the manufacturing of military solid & camouflage webbing for over 18 years. We’ve been involved in almost every major military contract, including IOTV, OTV, ILBE, FILBE, PLATE CARRIER, MTV, IMTV and MOLLE COMPONENTS and the first approved supplier of AOR1 and AOR2 for use in Special Forces programs. We’ve been involved with developing certain military specifications for webbings. We’re the exclusive manufacturer of webbing using the ATACS camouflage print and are proud to be fully Berry Amendment Compliant. We’re known for manufacturing solution-dyed webbings. We’ve been involved in State Law Enforcement Programs, as well as FBI, Border Patrol, and overseas military programs. Working with materials such as Cordura nylon, polyester, Kevlar, Nomex, Teflon, PBI, Twaron, and Spectra. Texcel is also a leader in both technical and industrial webbings and is a manufacturer of woven, knitted and camouflage elastic webbing.
Special Equipment/Materials (none given)
Business Type Percentages Manufacturing (100 %)
Keywords camouflage webbing, Solid Webbing, Special purpose clothing, AOR1, AOR2, ATACS camouflage print, solution-dyed webbings, piece-dyed webbing, Cordura nylon, polyester, Kevlar, Nomex, Teflon, PBI, Twaron, Spectra, woven elastic webbing, knitted elastic webbing, camouflage elastic webbing
Quality Assurance Standards (none given)
Electronic Data Interchange capable -

Current Principals
Name Richard Wasserman
Role CFO

SBA Federal Certifications
HUBZone Certified No
Women Owned Certified No
Women Owned Pending No
Economically Disadvantaged Women Owned Certified No
Economically Disadvantaged Women Owned Pending No
Veteran-Owned Small Business Certified No
Veteran-Owned Small Business Joint Venture No
Service-Disabled Veteran-Owned Small Business Certified No
Service-Disabled Veteran-Owned Small Business Joint Venture No

Bonding Levels
Description Construction Bonding Level (per contract)
Level $0
Description Construction Bonding Level (aggregate)
Level $0
Description Service Bonding Level (per contract)
Level $0
Description Service Bonding Level (aggregate)
Level $0

NAICS Codes with Size Determinations by NAICS
Primary Yes
Code 313220
NAICS Code's Description Narrow Fabric Mills and Schiffli Machine Embroidery
Buy Green Yes
Code 313210
NAICS Code's Description Broadwoven Fabric Mills
Buy Green Yes
Code 313310
NAICS Code's Description Textile and Fabric Finishing Mills
Buy Green Yes
Code 314999
NAICS Code's Description All Other Miscellaneous Textile Product Mills
Buy Green Yes
Code 424310
NAICS Code's Description Piece Goods, Notions, and Other Dry Goods Merchant Wholesalers
Buy Green Yes

Export Profile (Trade Mission Online)
Exporter No
Export Business Activities (none given)
Exporting to (none given)
Desired Export Business Relationships (none given)
Description of Export Objective(s) (none given)

Related by officers

JOSHUA TEVEROW, ESQUIRE, LTD.

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JOSHUA TEVEROW

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Related by address

18 MEETING STREET, CUMBERLAND, RI, 02864, USA

Webbing Industries, Inc.

Date of last update: 16 Oct 2024

Sources: Rhode Island Department of State

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