Mar-Bal, Inc., a Chagrin Falls, Ohio-based intergrated compounder and molder of bulk molding compounds (BMCs) and other value-added services, was honored by Inc. magazine at its Annual Conference and Awards Gala held at The Gaylord National Resort & Convention Center in Washington, D.C. Mar-Bal was listed within the manufacturing industry on the 7th annual Inc. 500|5000, an exclusive ranking of the nation's fastest-growing private companies. The list, says Mar-Bal, represents a comprehensive look at the most important segment of the economy — America’s independent entrepreneurs. Fuhu tops this year’s list. Mar-Bal joins LivingSocial, Edible Arrangements, CDW and Lifelock, among other prominent brands featured on this year’s list.
“Make no mistake: The Inc. 5000 was harder to get into this year than ever in its history … [with] results most companies could only dream of in the economy of the past three years,” said Eric Schurenberg, Inc. magazine's editor-in-chief, in a congratulatory letter to the Inc. award winners. "Not all the companies in the Inc. 500|5000 are in glamorous industries, but in their fields they are as famous as household-name companies simply by virtue of being great at what they do. They are the hidden champions of job growth and innovation, the real muscle of the American economy."
“We are so proud to be part of the Inc. class of 2013," said Scott Balogh, president and CEO at Mar-Bal. "Our overall focus on talent development, process innovations and developing a comprehensive one-source solution for our customers has enabled us to experience a three-year organic growth rate and placed us among an elite group of successful companies.”
In the current stagnant economic environment, the median growth rate of the firms on the 2013 Inc. 500|5000 list is an impressive 142 percent. Further, the companies on this year’s list, says Mar-Bal, report having created over 520,000 jobs in the past three years, as aggregate revenue among the honorees reached $241 billion.
“The Inc. 500|5000 Conference was a truly incredible experience. The high caliber of speakers provided valuable insights and best business practices that we can evaluate and deploy within our culture to continue our momentum of growth,” stated Steven Balogh, vice-president of Mar-Bal Inc.
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.