Inc. Magazine Reveals Its 26th Annual List of America's 500 Fastest - Growing Private Companies. Oak Ridge Products is ranked on Inc. 500 List
+ Fastest Growing Private Company List - No. 384 on the 2007 Inc. 500 With Three-Year Revenue Growth of 744%
New York, August 23, 2007 - Inc. Magazine announced its 26th annual Inc. 500 ranking of the fastest-growing private companies in the country today. Oak Ridge Products, a worldwide supplier of disposable medical products, ranks No. 384 on the list, with almost $9 million in sales and a three-year growth of 744% percent.
Oak Ridge Products, headquartered in the Chicago suburb of Algonquin IL, was ranked one of the fastest growing, privately held, manufacturing businesses in America. Oak Ridge, a multinational operation with offices and customers spread around the globe, specializes in the manufacturing of disposable medical products and specialty food service containers. Medical Products range from Medical cups to Laboratory test tubes used in hospitals and laboratories. In the Food Service markets they serve up a wide variety of food containers used by food manufacturers and restaurants.
"One of our competitive advantages is our ability to utilize Rapid Prototyping and quickly move from design to delivery of finished product allowing us to meet the changing needs of our customers" says managing partner Andrew Kovari who oversees the far flung manufacturing operations. Managing partner Conor O'Malley, who directs the global sales and marketing, states "Oak Ridge attributes its momentum to satisfying the needs of its global base of over 300 customers with customized product solutions and a just-in-time inventory delivery system".
"If you want to find out which companies are going to change the world, look at the Inc. 500, "said Inc. Editor Jane Bereston. "These are the most innovative, dynamic, fast-growth companies in the nation, the ones coming up with solutions to some of our most intractable ills, creating systems that let us conduct business faster and easier, and manufacturing products we soon discover we can't live without. The Inc. 500 list is Inc. Magazine's tribute to American business ingenuity and ambition."
The 2007 Inc. 500, as revealed in the September issue of Inc., reported the most robust bunch of companies the magazine has ever compiled, with aggregate revenue of $19.7 billion, up from $16.5 billion last year and $12.9 billion in 2000. Most important, the 2007 Inc. 500 companies were engines of job growth, having created more than 90,000 jobs since those companies were founded.
"We're excited to be included on such as prestigious list as the Inc 500, "states Conor O'Malley "Since we acquired the business in 2001, we've been focused on providing top of the line product design and customer service. Being successful in both of these areas brings new jobs and the extreme revenue growth that got us onto the Inc., 500."
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