Industry Companies Named Among Fastest GrowersAugust 30th, 2011 | Category: Featured Content
Inc. Magazine has again issued its list of the top 5000 Fastest Growing Companies and a few industry companies made the list including manufacturers, remodelers and suppliers.
On the manufacturing side, The Iron Door Company (TIDC) was ranked at 157. The company, headquartered in Alabaster, Ala., says it overcame a mountain of debt, overdrawn bank accounts and a weakening new construction market in just two years. The company posted a staggering 1839 percent growth from 2008 to 2010.
“It was like jumping out of an airplane with all the materials we needed to build a parachute,” says Glen Blickenstaff, chief executive officer. He adds that part of the success of TIDC can be credited to a national agreement with The Home Depot through for its Monterrey Doors brand. The company has also expanded with nationwide availability through individual millwork dealers and builders through its Castle Entries brand.
TIDC was founded in 2007 and posted revenue at $104,105 that same year and $2 million in 2010, according to Inc.
Vista Windows was ranked 2,188 on the list, and also appeared the last three years. The company, based in Warren, Ohio, produces replacement windows and doors in three facilities and sells products through specialty retailers and installing contractors throughout the country. Inc. reported Vista’s three-year growth at 114 percent. Revenue in 2007 was $15.5 million and $33.2 million in 2010.
Power Home Remodeling Group, based in Chester, Md., came in at number 670. The family-owned company provides energy and cost-saving exterior services, including improvements to doors and windows. Inc. reported Power’s three-year growth at 475 percent. Revenue in 2007 was $21.4 million and 123.2 million in 2010. Last year, the company came in at number 826 on the list.
“We’re honored to be included on the Inc. 5000 list for the second year in a row,” says Jeff Kaliner, Power co-founder and chief executive officer. “In a time when many businesses are struggling to sustain and cutting back on their workforce – largely in the home improvement industry – we’re proud to be ranked among those who are experiencing growth and creating green jobs to help fuel our economy.”
Supplier to many door and window companies, Momentive Performance Materials, came in at 3,489. The company manufactures acids and derivatives designed to make windows and other building materials lighter, stronger, more water resistant and more environmentally friendly, according to Inc. The company went public in April 2011. Inc. reported Momentive’s three-year growth at 50 percent. Revenue in 2007 was $2.5 billion and $3.8 billion in 2010. This is the company’s first appearance on the list.
“We are pleased with our performance during such a challenging time and equally pleased with the recognition,” says Shawn Williams, senior vice president, Global Sealants, Momentive Performance Materials. “That performance is the result of the commitment, fortitude and hard work of a very dedicated, talented team. Their relentless focus on the core: serving the customer, providing world-class technical support and developing the highest-quality products is responsible for our success. It also is our guiding principle every day.”
For more on the Inc. list, read DWM editor Tara Taffera’s blog.