The foundation of Treble Assets LLC started 30 years ago In Memphis, TN. when chemist and entrepreneur David Dillon bought a small regional paint manufacturing plant. He saw the paint industry consolidating, as the Home Depot and Lowes of the world started expanding and converted the factory to personal care products like shampoo and bubble bath, also creating hand sanitizer that is still common today.
With a growing list of customers starting in the dollar store business and moving into mass retailers, Dillon was asked to make candles to match the bath line by a growing company called Walmart. The next day was giving an order for 300,000 candles to be delivered in 90 days. With an entrepreneur spirit he took on the challenge completed the order on time. Soon after he dominated the market and was in every major retailer in the US. What was once a dying paint factory with 20 employees was now 120,000sqft candle factory running 24 hours a day and 3 shifts.
All of this growth now created a need for supply, so Dillon jumped on a plane to China to locate additional manufacturing. After a few failed attempts he started making connections, soon opening the first Wholly Owned Legal Foreign Entity (WOLFE) in Shanghai and stabilizing the candle industry.
Quickly, mass retailers started asking for other products causing the business to change yet again into sourcing many new products. With the added increase came new expenses, leading to four investors who joined. Soon the sourcing grew to a point it helped major automotive retailers to major pet chains to source and open offices in China.
Now looking for the next Venture David Dillon purchased a hospitality sourcing company in Texas. Within 2 years it had become the largest of its kind in the US with a customer base of about 5,000 hotel owners and clients from 1-star to 5-star resorts.
When the COVID-19 Pandemic hit in early 2020 and the need of a solution by the hospitality industry, Dillon combined his chemistry experience with importing and helped solve many companies’ sanitation issues by sourcing personal protective equipment to creating disinfectants and sanitizers.
With over 30 years of Manufacturing, Chemistry, Importing, Business Startups & Growth, and Unimaginable amounts of good and bad experiences has led Treble Assets to the forefront of Business Problem solving.
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