GRAND RAPIDS, MI — Stiles Machinery Inc., a supplier of advanced CNC equipment for panel processing, solid wood and related industries, on Sept. 17 announced it has been included in the Inc. 5000 list for the second year in a row.
An extension of Inc. magazine’s annual Inc. 500 list, the Inc. 5000 celebrates the fastest-growing private companies in America. The 2008 Inc. 5000 list measures revenue growth from 2004 through 2007. To qualify, companies must be U.S.-based and privately held, independent — not subsidiaries or divisions or other companies — as of Dec. 31, 2007, and have at least $200,000 in revenue in 2004 and $2 million in 2007.
Stiles attributes its continued growth to its forward-thinking customers who utilized the economic slowdown to add technology, become leaner and more efficient, and improve production capacity without adding personnel so they are prepared when the economy recovers. “In the past 42 years as a company we have always reacted very positively to all business cycles,” said David Rothwell, executive vice president. “I’m sure we will react positively again no matter what the future climate has in store for us.”
Complete results of the Inc. 5000, including company profiles and a list of the fastest-growing companies that can be sorted by industry and region can be found at www.inc5000.com.
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