Again, Mar-Bal, Inc. recognized as one of America’s Fastest-Growing Private Companies – two years in a row.
Thermoset industry leader recognized by Inc. Magazine, for 2nd Consecutive Year
CHAGRIN FALLS, OH–(October 10, 2014) – Mar-Bal, Inc., a Chagrin Falls, Ohio-based leader in the thermoset industry and innovative solutions provider, was recently honored by Inc. magazine. With a 48% growth rate, Mar-Bal, Inc. is listed within the manufacturing industry on the eighth annual Inc. 500|5000, an exclusive ranking of the nation’s fastest-growing private companies. The list represents the most comprehensive look at the most important segment of the economy—America’s independent entrepreneurs.
“Congratulations! For the 2nd time, Mar-Bal has made the Inc. 5000 list of the fastest-growing private companies in America,” said Eric Schurenberg, Inc. magazine editor in chief, in a congratulatory letter to Mar-Bal. “Only a tiny fraction of the nation’s companies have demonstrated such remarkably consistent high growth, particularly in the difficult economic environment of the past few years. This achievement truly puts you in rarefied company,” further stated Eric Schurenberg.
“We are so proud and honored to be recognized by Inc. Magazine once again this year. Our continued focus on our core principles and mission to be the premier thermoset composites provider has positioned us to for not only the growth over the past couple of years but for the future as well. We have invested in our people, processes and innovation to bring the best value to our customer partners and community that we can,” said Scott Balogh, President and CEO at Mar-Bal, Inc.
In a stagnant economic environment, median growth rate of 2013 Inc. 500|5000 companies is an impressive 142 percent. The companies on this year’s list report having created over 520,000 jobs in the past three years, and aggregate revenue among the honorees reached $241 billion.
Complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, region, and other criteria, can be found at http://www.inc.com/inc5000/list/2014/