September 19, 2019
Mar-Bal Among Seventeen Family Business Achievement Award Honorees for 2019
Since 2012, the Family Business Conference & Family Business Achievement Awards is an interactive workshop with leading industry experts that provides the type of actionable insight necessary to plan for a smooth transition of family businesses. Beginning with our event in 2019, we have combined the Business Longevity Awards with this conference to also recognize non-family organizations who have reached at least 50 years in business and learn how they have evolved through the years. Hear from a dynamic line up of panelists as they share real life examples of what separates success stories from failures. This networking breakfast and interactive workshop will offer perspectives from both industry experts and actual family business owners to address this and other issues facing both family-owned and non-family businesses every day.
Eligible Family Business Achievement Award nominees must have a minimum of two family members involved in the organization, and be privately held. A family member is defined as siblings, spouses, children, grandchildren, or cousins. They may be from a single generation or multi-generations. Eligible Business Longevity Award nominees must have been in business for a minimum of 50 years. Nominees for both awards must a have a physical location in Northeast Ohio.
Mar-Bal Inc., a second-generation, family-owned business, was founded by Cleveland-based tool and die engineer Jim Balogh in 1970. Balogh employed his two sons, Scott Balogh — current President and CEO—and Steven Balogh—Executive Vice President—in his plastic and injection molding company from an early age, through junior high and high school. The brothers rejoined the business in their 30s after graduating college and working elsewhere.
Since their involvement in the business, Mar-Bal Inc. has more than doubled its sales. The Baloghs have found success through constant process innovation and improvement.
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