SHELTON, CT – Lex Products, privately-held manufacturer of power distribution and control systems, was featured in Inc. Magazine’s 500|5000 list of fastest-growing U.S. companies. The ranking was determined by the rate of annual revenue growth over a three-year period.
More details from Lex Products (http://www.lexproducts.com):
Lex Products Ranks Among Fastest Growing Companies by Inc. Magazine
SHELTON, CT – Lex Products, manufacturer of power distribution and control systems, was featured in Inc. Magazine’s 500|5000 list of fastest-growing U.S. companies.
Inc. ranked Lex Products No. 2346 on its 30th annual Inc. 500/5000, an exclusive ranking of the nation’s fastest-growing private companies. In addition, Lex has been further distinguished by ranking as the 72nd fastest growing manufacturing company in the U.S.
The list represents the most comprehensive look at the most important segment of the economy—America’s independent entrepreneurs. Companies such as Microsoft, Zappos, Intuit, Jamba Juice, Zipcar, Clif Bar, Vizio, Oracle, and many other well-known names gained early exposure as members of the Inc. 500. The ranking was determined by the rate of annual revenue growth over a three-year period.
Lex Products displayed 3-year growth of 103 percent, while the workforce grew by 324 percent.
“Lex is proud of the recognition we have received from Inc. Magazine,” commented Lex Products CEO, Bob Luther. “We could not have achieved this growth without the teamwork and dedication of our expert staff and the commitment of our executive team. Through innovation, integrity, and teamwork, we were able to identify new key growth opportunities, while leveraging our core competencies and finding creative solutions to our challenges.”
