ST. LOUIS, MO - idX Corp. says it will reach $350 million in revenue this year, 370% larger than when it was first founded.
Launched in 1999 with the merger of five regional retail store fixture manufacturers, idX says it now has manufacturing and distribution points strategically located throughout North America, Europe and Asia.
As a result of the combination of strategic acquisitions and organic growth, idX has grown by more than 370% since its earliest years, with revenues forecast to hit $350 million in 2014.
"In the earliest years of idX, the leadership team established guiding principles that have served us well," says idX CEO Terry Schultz. "Those principles still guide our decision-making and strategy today."
Responding to its growth, and continued expansion in 2015, idX will move its global headquarters and St. Louis division to a new, larger location later this year. Its Baltimore operation, idX Impressions, expanded its capabilities in July with new state-of-the-art digital printing and cutting technology.
Schultz says an acquisition strategy focused on making the company better, not just bigger, was a key to retaining focus during the years of growth. In June 2014, Scott Stewart was named VP acquisitions and continuous improvement.
"The industry has witnessed other companies that have rapidly rolled-up other organizations into larger corporate conglomerates," Schultz said. "That was never idX's goal."
Have something to say? Share your thoughts with us in the comments below.