RELATED PARTY TRANSACTIONS

6 Months Ended

Jun. 30, 2025

Related Party Transactions [Abstract]

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS

The Company provides services under a contractual agreement to St. Gabriel CC Company, LLC. These services include accounting, information technology, quality control, and purchasing services, as well as operation of the St. Gabriel CC Company, LLC plant. The Company also sells raw materials to St. Gabriel CC Company, LLC. These raw materials are used in the production of finished goods that are, in turn, sold by Saint Gabriel CC Company, LLC to the Company for resale to unrelated parties. As such, the sale of these raw materials to St. Gabriel CC Company, LLC in this scenario lacks economic substance and therefore the Company does not include them in net sales within the condensed consolidated statements of earnings.

Payments for the services the Company provided amounted to $1,212 and $2,339 for the three and six months ended June 30, 2025, respectively, and $1,120 and $2,212 for the three and six months ended June 30, 2024, respectively. The raw materials purchased and subsequently sold amounted to $10,821 and $20,746 for the three and six months ended June 30, 2025, respectively, and $7,301 and $13,633 for the three and six months ended June 30, 2024, respectively. These services and raw materials are primarily recorded in cost of goods sold, net of the finished goods received from St. Gabriel CC Company, LLC of $8,983 and $16,901 during the three and six months ended June 30, 2025, respectively, and $5,713 and 10,684 for the three and six months ended June 30, 2024, respectively. At June 30, 2025 and December 31, 2024, the Company had receivables of $4,577 and $3,893, respectively, recorded in accounts receivable from St. Gabriel CC Company, LLC for services rendered and raw materials sold. At June 30, 2025 and December 31, 2024, the Company had payables of $3,529 and $2,831, respectively, recorded in accounts payable for finished goods received from St. Gabriel CC Company, LLC. The Company had payables in the amount of $296 related to non-contractual monies owed to St. Gabriel CC Company, LLC, recorded in accounts payable as of both June 30, 2025 and December 31, 2024.