(Cary, N.C. – Nov. 19, 2012) – LORD Corporation has been ranked No. 22 on Triangle Business Journal’s 2012 Fast 50 Award list. An acknowledgment of the fastest-growing privately held companies in the Triangle region of North Carolina, the Fast 50 winners were selected and ranked on a formula that analyzes revenue growth and profitability over the previous three years. The winning companies are also evaluated on their contributions to the growth and success of the community. LORD was honored at an awards dinner and ceremony at the Sheraton Imperial Hotel and Convention Center on Nov 15.
“The Triangle Business Journal’s Fast 50 Awards is an outstanding way to recognize ongoing entrepreneurial excellence and leadership among local companies,” said Rick McNeel, chairman, president and CEO of LORD Corporation. “LORD is honored to be recognized among the Fast 50 recipients, who have all led the Triangle in job growth and economic stability.”
With fulltime global employment increasing by 220 over the last 12 months, McNeel expects the company to continue to grow employment on a global basis over the next year. “The economic climate over the past three years has been challenging, and it is a testament to the hard work of LORD leadership and employees that we have not only maintained as an industry, but have excelled and prospered,” said McNeel. “We anticipate a continuing challenging global economic environment in 2013. Integrating our recent acquisition of the MicroStrain sensing systems into our business, and focusing on growth initiatives and controllable costs are the key themes we will be pursuing in this environment.”
For a full list of Triangle Business Journal’s Fast 50 Award recipients, visit http://bit.ly/PkUykz.
About LORD Corporation:
With global reach and extensive technical capabilities, LORD has the ability to work on complex formulations, balancing contradictory property and process requirements to deliver the solutions that meet customer and market demands. LORD builds on its more than 85 year history with a track record of successful long-term partnerships with technology leaders in industries ranging from aerospace to automotive, electronics to industrial heavy equipment.
Founded in 1924, LORD Corporation is a privately-held company that designs, manufactures and markets mechanical devices and electromechanical systems to control vibration, motion and noise; formulates, produces and sells general purpose and specialty adhesives, coatings and electronic materials; and develops products and systems utilizing magnetically responsive technologies. With global headquarters in Cary, N.C., and sales in excess of $789MM, LORD has manufacturing facilities in eight countries and more than 90 sales and support centers. LORD Corporation employs more than 2,900 worldwide. Visit www.lord.com for more information.