Diversified Plastics Industries, LLC
How we got $962K
Based on its 5 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Signs of a sale Some signs of a sale
- In business 38 years (since 1988)
- No family successor named on its website
From public records and the company's website, not a statement that it's for sale.
What they do
Diversified Plastics Industries, LLC is a manufacturer of plastic access panels and access doors, established in 1988 and located in Sand Springs, OK. Its products are used in new construction and maintenance of residential, commercial structures and manufactured housing.
From the company's website. Industry: All Other Plastics Product Manufacturing.
Customers & suppliers
Possible customers nearby
The largest businesses within about 60 miles in the markets its website says it serves.
- OSAGE NATION GAMING ENTERPRISE · Tulsa, 8 mi · $274.0M
- CIMARRON CASINO ENTERPRISE · Perkins, 52 mi · $82.3M
- 7 CLANS PARADISE CASINO · Red Rock, 58 mi · $41.0M
- OTOE MISSOURIA DEVELOPMENT AUTHORITY · Newkirk, 77 mi · $25.4M
- 7 CLANS FIRST COUNCIL HOTEL · Newkirk, 77 mi · $19.6M
Estimated value over time
▲ 15% since 2020Today's estimate scaled by the headcount reported each year and that year's prices. A trend, not a record of past sale values.
Employees over time
▲ 0% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 5 | $1.5M |
| 2020 | Form 5500 | 3 | $913K |
| 2021 | Form 5500 | 5 | $1.5M |
| 2022 | Form 5500 | 5 | $1.5M |
| 2023 | Form 5500 | 6 | $1.8M |
| 2024 | Form 5500 | 6 | $1.8M |
| 2025 | Form 5500 | 5 | $1.5M |
Participants are employees in the company's retirement plan at year end, from its Form 5500 filing with the Department of Labor. They usually run a little under total headcount (part-timers and new hires may not be eligible). Revenue and EBITDA apply this industry's revenue per employee and margin to each year's count.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| DIVERSIFIED PLASTICS INDUSTRIES, LLC this business | $2.0M | — |
| WASSCO CORPORATION Tulsa · 6 employees | $6.7M | 6.5 mi |
| MIDWEST URETHANE PROCESSING CO INC Tulsa · 6 employees | $2.9M | 7.2 mi |
| OKLAHOMA PLASTIC ENTERPRISES Sapulpa · 4 employees | $2.7M | 8.3 mi |
| GLOBAL URETHANE, INC Tulsa · 2 employees | $1.3M | 9.8 mi |
| HIGHER HANGERS LLC Tulsa · 1 employees | $913K | 10.1 mi |
| PACK-LITE SYSTEMS, INC. Tulsa · 11 employees | $4.9M | 10.1 mi |
The full calculation
| Employees reported to the SBA | 5 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $2.1M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $1.5M |
| Estimate: the two combined (geometric mean) | $2.0M |
| EBITDA margin (industry, adjusted for size) | 16% |
| EBITDA = revenue × margin | $321K |
Figures are shown toward the upper part of their range rather than at its middle.
Brought up to date assuming revenue has grown 8% a year since 2020, when the PPP figures were reported; included above.
| Estimated value = EBITDA × typical sale multiple | $962K |
| Multiple for this size and industry | 3× |
| Value range | $506K – $1.3M |
| Revenue range | $1.3M – $2.3M |
| EBITDA range | $211K – $366K |
| Industry (NAICS) | All Other Plastics Product Manufacturing (326199) |
EBITDA margin: from IRS tax returns of S corporations in this industry (2019–2022), adjusted for company size: smaller companies typically run higher margins. EBITDA here is after owners' salaries.
Benchmarks: US Economic Census 2022, OK. PPP loans were sized on 2019–2020 payroll, so figures reflect that period. These are statistical estimates, not reported financials. Full methodology
People & advisors
“Diversified Plastics Industries, LLC., a manufacturer of plastic access panels and access doors was established in 1988.”
Advisors
- BankingGreen Country FCUPPP / SBA lender
From the company's own website and public filings (DOL Form 5500, IRS Form 990, SBA). Roles are as stated there and may be out of date.
Banking relationships
| Green Country FCU PPP 2020 | All 76 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/8/2020 | first | $28K | 5 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Diversified Plastics Industries, LLC
Diversified Plastics Industries, LLC is an all other plastics product manufacturing company in Sand Springs, Oklahoma, in business since 1988. It is owned by Larry Hiner (President). Its estimated annual revenue is about $2.0M, with roughly $321K of EBITDA. It has about 5 employees. Its estimated business value is $962K (likely range $506K–$1.3M).
Common questions
- Who owns Diversified Plastics Industries, LLC?
- Diversified Plastics Industries, LLC is owned by Larry Hiner (President), according to public sources such as the company's website or filings.
- How much revenue does Diversified Plastics Industries, LLC make?
- SeeBITDA estimates Diversified Plastics Industries, LLC's annual revenue at about $2.0M (likely between $1.3M and $2.3M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Diversified Plastics Industries, LLC worth?
- About $962K, roughly 3× its estimated EBITDA of $321K, typical for a all other plastics product manufacturing company its size. Likely range: $506K–$1.3M.
- How many employees does Diversified Plastics Industries, LLC have?
- About 5, from its 2025 retirement-plan filing.
- When was Diversified Plastics Industries, LLC founded?
- Diversified Plastics Industries, LLC has been in business since 1988.