My Story

In mid 2013 because of the passing of my last grandparent, my parents needed help in executing the first of a few 1031 exchanges. Since the early 70’s, my parents have been involved with commercial properties. Managing, flipping and developing were all things that I had been exposed to since a young age. So when my parents asked for my help I felt comfortable in spearheading the project.

 

What I did not realize at the time is how much I would enjoy it. It was rush of endorphins! So much so I helped my parents purchase 40,000 square feet in the Chicago area. My aha moment was when talking to one of my foreign accounts I told him why I was extra busy. Turns out that he too was wanting to invest in United States Real Estate. With all of my contacts I helped him purchase a commercial strip center in Dallas, Texas.

 

David Velasco is also chairman of the board, president and chief executive officer of Warner Chemical Manufacturing est.1959, JB Chemical est.1974 and P&B Manufacturing est.1976 (the companies). Driven by a competitive nature, Velasco will not be satisfied with anything less than excellence in the manufacturing of car care products and the success of his customers.

Velasco, 43, oversees the strategic direction of the Los Angeles based companies. With more than 300 accounts across the United States and in 38 countries, the companies are highly specialized in emulsion engineering and are a top U.S. exporter. These companies are a leader in the manufacturing of waxes, polishes and compounds. They support its distributors, re-packers and other factories all over the world. The companies ship in excess of 25,000,000 LBS per year.

In the late 90’s Velasco first purchased Warner Chemical which specializes in tunnel products, dressings, shampoos and all purpose cleaners. Shortly after JB Chemical, known for their oil & fuel treatments, was purchased and provided synergistic growth. Later P&B Manufacturing was acquired with an immense depth in emulsion engineering. He is actively looking for new acquisitions and is currently in preliminary talks with another factory in the same industry.

The companies sell to distributors/re-packers/wholesalers that re-sell to auto auctions, full service car washes, fully automated car washes, new car dealerships, used car dealerships, panel shops, reconditioning centers, body shops, high volume detail/valet centers and the public DIY (do it yourself). The majority of the product is sold and used by the DIFM. The companies also manufacture for factories that do not have the capabilities of producing specific products, especially emulsions.

Currently 93% of the product manufactured by the companies is private labeled. The companies also promote and sell their Insta Finish and Kem O Pro brands.

 

Velasco has lived in Los Angeles Ca. his entire life and earned a Bachelor of Science Degree in Business Administration from The University of Southern California (double emphasis in entrepreneurship & real estate) in 1996. He is married and has 4 children. He enjoys spending time with his family, meeting new & interesting people, talking about ideas, reading and attending sporting events.