Hite Plastics Inc
How we got $1.2M
Based on its 15 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 25 years (since 2001)
From public records and the company's website, not a statement that it's for sale.
What they do
Hite Plastics Inc. provides industrial waste disposal, plastics recycling and toll processing services for industrial operations in Oklahoma City, OK, and buys and sells recycled plastic resins.
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.
- GULFPORT ENERGY CORPORATION · Oklahoma City, 11 mi · $1.42B
- MACH RESOURCES LLC · Oklahoma City, 12 mi · $1.18B
- T/J INSPECTION, INC. · Del City, 3 mi · $532.1M
- CROWN ENERGY COMPANY · Oklahoma City, 3 mi · $476.0M
- CIRCLE 9 RESOURCES LLC · Oklahoma City, 1 mi · $431.9M
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.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| HITE PLASTICS INC this business | $2.8M | — |
| QUALITY WRAP PACKAGING, INC. Oklahoma City · 6 employees | $1.4M | 2.8 mi |
| POLY FILMS, INC Oklahoma City · 17 employees | $6.6M | 3.4 mi |
| BAGS INC Oklahoma City · 57 employees | $27.3M | 3.4 mi |
| ENVIRONMENTAL COMPLIANCE CORP., LLC DBA WE PAD IT Oklahoma City · 12 employees | $3.1M | 4.2 mi |
| PHIL-GOOD PRODUCTS INC Oklahoma City · 34 employees | $10.1M | 5.7 mi |
| BUILDBLOCK BUILDING SYSTEMS, LLC Oklahoma City · 21 employees | $12.3M | 7.2 mi |
The full calculation
| Employees reported to the SBA | 15 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $3.4M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $2.3M |
| Estimate: the two combined (geometric mean) | $2.8M |
| EBITDA margin (industry, adjusted for size) | 15% |
| EBITDA = revenue × margin | $403K |
Brought up to date: prices are 10% higher than in the benchmark's year and Oklahoma employment in this industry has fallen 8% since 2020, both included above.
| Estimated value = EBITDA × typical sale multiple | $1.2M |
| Multiple for this size and industry | 3× |
| Value range | $726K – $1.9M |
| Revenue range | $2.1M – $3.6M |
| EBITDA range | $303K – $524K |
| 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
Advisors
- BankingBancFirstPPP / 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
| BancFirst PPP 2020, PPP 2021 | All 7,048 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/14/2020 | first | $80K | 14 |
| 2/18/2021 | second | $80K | 15 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Hite Plastics Inc
Hite Plastics Inc is an all other plastics product manufacturing company in Oklahoma City, Oklahoma, in business since 2001. Its estimated annual revenue is about $2.8M, with roughly $403K of EBITDA. It has about 15 employees. Its estimated business value is $1.2M (likely range $726K–$1.9M).
Common questions
- Who owns Hite Plastics Inc?
- The owner of Hite Plastics Inc isn't in public records we've found yet. If you own or run the business, you can add or correct its details on SeeBITDA.
- How much revenue does Hite Plastics Inc make?
- SeeBITDA estimates Hite Plastics Inc's annual revenue at about $2.8M (likely between $2.1M and $3.6M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Hite Plastics Inc worth?
- About $1.2M, roughly 3× its estimated EBITDA of $403K, typical for a all other plastics product manufacturing company its size. Likely range: $726K–$1.9M.
- How many employees does Hite Plastics Inc have?
- About 15, as reported on its PPP loan.
- When was Hite Plastics Inc founded?
- Hite Plastics Inc has been in business since 2001.