Control Cable Named to 2010 Inc. 5000 List
Control Cable Named to the Inc. 5000 list for the Second Year in a Row
Industry-Leading Cable Assembly Manufacturer experiences 51% growth in down times and makes it to Inc. Magazine's 2010 List of America's 5,000 Fastest-Growing Private Companies for the second year in a row
BALTIMORE, MD -- Today, Control Cable, Inc., a Baltimore-based manufacturer and distributor of custom cable assemblies and networking connectivity products, announced that for the second year in a row it has been named by Inc. Magazine as one of the fastest growing private companies in the United States, as revealed in the September 2010 issue. A significant sales growth of over 51% between the years 2006 - 2009 positioned Control Cable for this coveted recognition.
"We are very proud to receive this recognition from Inc. Magazine," said Richard Meltzer, president and CEO of Control Cable. "Making the list last year was quite an achievement, but being named for the second year in a row demonstrates that our ongoing commitment to being the best company we can be has really paid off. Without question, we have the best team in the business."
Founded in 1975, Control Cable remains one of the oldest, privately-held cable assembly manufacturers in the United States. The company manufactures custom cable assemblies for a variety of applications -- from data networking to OEM manufacturing. In addition, the organization provides value-added distribution of an extensive line of datacom and telecommunications products.
"The leaders of the companies on this year's Inc. 5000 have figured out how to grow their businesses during the longest recession since the Great Depression," said Inc. president Bob LaPointe. "The 2010 Inc. 5000 showcases a particularly hardy group of entrepreneurs."
"This recognition is highly sought after from year-to-year by over 27 million businesses in the United States vying to be acknowledged," said Jane Berentson, Inc. Magazine editor. "With this accomplishment, Control Cable, Inc. joins the rarified company of enterprises who have appeared on the list multiple times, many of which have grown to become national icons."
The 2010 Inc. 5000, as seen on Inc.com, provides a unique report card on the U.S. economy, and its effects on both small and large organizations. Despite the fact that most of this year's measuring period of 2006-2009 took place during the latest recession, aggregate revenue among the companies on the list actually increased to $321.6 billion, up more than 50 percent from last year. The effects of the recession are seen, however, in the median three-year growth rate, which dropped to 96 percent from last year's 126 percent.
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