Mar-Bal, Inc. recognized as one of America's Fastest-Growing Private Companies

Thermoset industry leader recognized by Inc. Magazine

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Oct 17, 2013, 10:53 ET

CHAGRIN FALLS, Ohio, Oct. 17, 2013 /PRNewswire/ -- Mar-Bal, Inc., a Chagrin Falls, Ohio-based leader in the thermoset industry and innovative solutions provider, was recently honored by Inc. magazine at their Annual Conference and Awards Gala held at The Gaylord National Resort & Convention Center in Washington, DC. Mar-Bal, Inc. is listed within the manufacturing industry on the seventh 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. Fuhu tops this year's list. Mar-Bal, Inc. 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 editor in chief, in a congratulatory letter to the Inc. 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," further stated Eric Schurenberg.

"We are so proud to be part of the Inc. class of 2013. 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," 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.

"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.

Mar-Bal, Inc., headquartered in Chagrin Falls, OH, is a compounder and molder of Thermoset composite products. Since 1970, Mar-Bal has engineered and manufactured quality, customized materials and parts while delivering unmatched client cost-effectiveness through superior customer service and commitment to the total value. As a vertically-integrated, one-source solutions provider, Mar-Bal serves the appliance, electrical, industrial and transportation marketplaces from their four facilities in North America and its Asia Sales Office located in Shanghai. Mar-Bal, an ISO 9001:2008 Registered Company, continues to develop innovative products and has a portfolio of brands and proprietary products.
http://www.mar-bal.com/

Methodology
The 2013 Inc. 500|5000 is ranked according to percentage revenue growth when comparing 2009 to 2012. To qualify, companies must have been founded and generating revenue by March 31, 2009. They had to be U.S.-based, privately held, for profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2012. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2009 is $100,000; the minimum for 2012 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. Companies on the Inc. 500 are featured in Inc.'s September issue. They represent the top tier of the Inc. 5000, which can be found at http://www.inc.com/inc5000/list

About Inc.
Founded in 1979 and acquired in 2005 by Mansueto Ventures, Inc. is the only major brand dedicated exclusively to owners and managers of growing private companies, with the aim to deliver real solutions for today's innovative company builders. Total monthly audience reach for the brand has grown significantly from 2,000,000 in 2010 to over 6,000,000 today. For more information, visit http://www.inc.com/

About the Inc. 500|5000 Conference
Each year, Inc. and Inc.com celebrate the remarkable achievements of today's entrepreneurial superstars—the privately held small businesses that drive our economy. The Inc. 500|5000 Conference & Awards Ceremony brings together members of the Inc. community, both a new class of Inc. 500|5000 honorees and the list's alumni, for three days of powerful networking, inspired learning and momentous celebration.

SOURCE Inc.