Bonfiglioli USA Named to Inc 5000
Bonfiglioli USA, a wholly-owned subsidiary of Bonfiglioli Riduttori S.p.A., the Bologna, Italy-based power transmission specialist for mobile and self-propelled machines, has been named to the 2014 Inc.5000 list as one of the fastest-growing private companies in America. With three-year revenue growth of 87%, Bonfiglioli USA is ranked 3690 out of 5000 companies.
Inclusion in the list is based on revenue growth over a three-year period, and financial statements are reviewed to validate each company’s data. From 2010 to 2013, Bonfiglioli USA revenue grew 87%, from $68.9 million in revenue to $128.6 million, said the company.
In this same timeframe, it added 21 jobs and now has close to 80 employees, a number that the company said is expected to grow another 30 to 50% over the next year with the addition of a manufacturing line of gearboxes in the Hebron, Ky., facility.
“We had never applied to the Inc. 5000 before, but we knew based on our revenue growth, we had a high probability of being included this year,” said Greg Schulte, president of Bonfiglioli USA. “Our growth in the USA is due to a number of factors including increased sales, implementing lean manufacturing practices, product diversification and having the highest quality gearboxes on the market today. We look forward to even more growth in the next couple of years as we continue to bring manufacturing to the USA.”
Bonfiglioli USA will be recognized at the Inc 500/5000 ceremony in Phoenix, Ariz., October 15-17.Edit Module