SAM RASHID
In December 1982, at age 20, recommended by Mr. Gill, Sam was personally asked by Herb Doman, then the Executive Chairman of Doman Industries, to initiate & direct the wholesale startup operations for DOMAN in Florida.
Sam moved to Tampa to initiate direct/wholesale startup operations for DOMAN. His negotiations with the Port Authority, the Port Workers Union as well as the Mayor and other dignitaries of the City Council resulted in what everyone considered to be a fair deal for all the parties. The agreed discharge route placing Tampa last in rotation to lighten the draught of a cargo-vessel cost the company an extra $100,000 in fuel and fees but all the parties had agreed to share the costs associated with using Tampa as a discharge port in this manner. Successfully achieving the fastest growth of any DOMAN affiliate, the Tampa based company, at its peak, distributed over 60 million board feet of lumber annually in Florida.
Business
Background
In 1985, at age 23, Sam resigned from DOMAN Industries to start his own company. The company was formed as the exclusive sales agents for a German machinery company, HOLTEC GmbH. The type of equipment manufactured was previously unknown and unattainable in North America. It took about three years to develop a market for this product and during that time, Sam worked from his home under the auspices of his company, HOLTEC (USA) Corporation.
In 1990, HOLTEC (USA) Corporation built a facility in Plant City to handle importing, distribution and servicing of its systems throughout North America, and today HOLTEC is recognized as a leading supplier of equipment to the lumber industry.
HOLTEC
Main manufacturing plant in Blumenthal, Germany
HOLTEC
distribution facility in Plant City, Florida
©2025 Sam Rashid This information is for personal use only and cannot be copied or disseminated without the express written consent of the author-writer