Inc. 500/5000's Identifies Fastest-Growing Companies
WATERTOWN, MA. -- Staticworx Inc., North America's leading producer of anti-static flooring products, has once again made Inc. Magazine's list of the fastest- growing privately held companies in the United States. Since 1982, Inc. Magazine has honored businesses with accolades and offered encouragement to budding entrepreneurs in equal parts, but the 500/5000 list and its corresponding annual conference have become its best-known and most celebrated endeavor.
"Fast growth at any time is a big achievement; fast growth during the past few years is just short of miraculous," says Inc. Editor Jane Berentson. "The Inc. 500/5000 consists of these just-short-of miraculous companies, the ones that through ingenuity and ambition have increased revenue, hired employees, and grown fast in difficult economic times."
Last year, Staticworx ranked 14th out of 211 honorees from the manufacturing industry. This year, Staticworx grew another 38% despite what, for many players in the commercial flooring industry, was a rough year. Inc listed Staticworx as the 114th fastest-growing manufacturer in 2011.
David Long, Staticworx's CEO, cites a corporate decision to move their vinyl tile manufacturing from overseas back to the USA as the single biggest contributor to the company's growth. The company's precision-milled Ameriworx tile has been embraced by flooring contractors across the USA, Canada, and Mexico. "High- quality, tight-tolerance floor tiles can be installed more neatly and much faster than tiles sourced from other parts of the world," Long says. "For these reasons, they save money and generate more revenue for contractors."
Also contributing to their success is the company's continued efforts to educate as opposed to sell to their clients. In 2011, Staticworx launched an online YouTube video library. Without overt product or brand references, the videos explain, in simple language, the process of selecting and grounding antistatic flooring - based on multiple disciplinary factors such as electrostatics, electrical safety, ergonomics and suitability. The videos have already had thousands of views.
"An educated customer can be a game-changer," Long says. The Staticworx online Knowledge Center helps clients understand and utilize proper electrical grounding industry standards for their type of space. "Our videos eliminate confusion and guesswork," Long points out. "Following our lead, clients can reduce liability and safety risks by following industry best practices they did not even know existed."
New bookings, coupled with infiltration of international markets like Australia and New Zealand, has Staticworx poised to make the Inc. 500/5000 list again next year. As of July, the company had already surpassed the total revenue attained during the 2010 calendar year. This past February, the Boston Business Journal also honored the company's swift growth for the second year in a row.
Staticworx, Inc. is North America's largest manufacturer of electrostatic discharge (ESD) flooring products that protect work sites with customized, static-free solutions. Based in Watertown, Mass., Staticworx has offices and warehouses on both coasts. Comprehensive flooring options include rubber, vinyl tile, carpet, epoxy, and adhesives. All products meet international standards, are environmentally friendly, and come with lifetime warranties. Start-to-finish services include ongoing access to technical support. Known as problem-solvers and educators, Staticworx streamlines the supply chain, working directly with contractors and end-users to provide accountability. The company has won many industry accolades and has served thousands of customers with experience that spans 35-plus years. For more information, visit www.staticworx.com.