The 2010 Leading EDGE Awards honor companies in Northeast Ohio that create significant value for themselves, their communities, and the region, as measured by return to shareholders, average earnings, employee compensation, and regional business support. Six employee-owned firms are among the 2010 honorees for the award, which is sponsored by Crain’s Cleveland Business and Entrepreneurs EDGE.
Delta Systems in Streetsboro is 30% employee-owned by its 180 employees through an ESOP established in 1994. The firm produces and distributes electrical switches, electronics, and FreeRein® wireless control systems, and turnkey contract manufacturing/EMS services.
Falcon Industries is a 30% employee-owned firm that established its ESOP in 2000. Headquartered in Medina, with a location in Minnesota, the firm specializes in metal fabrication of custom conveyor screws, screw flighting and machined conveyor screws for moving materials in a broad range of applications.
EBO Group Inc. and its subsidiaries PT Tech Inc., TransMotion Medical Inc., Triton Hybrid Drives Inc. and IPESsol Inc. provide products to the industrial, medical, and renewable energy markets. The ESOP was established in 1990 and the firm is now 100% ESOP owned. Located in Sharon Center, the firm has 83 employees.
Garland Industries is a Cleveland-based 100% employee-owned ESOP established in 1986. Garland’s more than 500 employees operate out of five manufacturing facilities in OH, GA, AL, AR, and CA. Garland Industries and its 12 operational businesses specialize in high-performance manufacturing, design and installation of commercial roofing and building solutions.
Plasticolors, Inc., an employee-owned company located in Ashtabula, OH, is a leading supplier of pigment and chemical dispersions to the paint, coatings, caulk, sealants and thermoset plastics industries. Founded in 1970, the company has 125 employees. Plasticolors manufactures products for customers in the automotive, appliance, equipment, electrical, industrial, consumer, and construction markets. It is ISO 9001, ISO 14001 and ISO/TS-16949 certified.
Rable Machine is a 100% employee-owned precision machining company in Mansfield which specializes in CNC Swiss, CNC Turning and Milling, CNC Screw Machines, with many value-added services. The ESOP was established in 1992 and the firm has 80 employees. Rable is ISO 9001 certified.