Kenosha, WI] For the third time, Xten Industries has been named a Future 50 Company by the Council of Small Business Executive (COSBE) of the Metropolitan Milwaukee Association of Commerce (MMAC). In appraising the company of its selection, the Council took notice of the exceptional challenge to being named posed by the current economic conditions.
"We are pleased to have been selected for the 2011 award, and take particular gratification in it being our third time," said Matthew Davidson, Xten CEO. "It's heartening to know that our business model and operating methods have kept us on an above-average growth path," he added.
This is the COSBE's 24th annual Future 50 Awards. The organization began the program as a way of highlighting local businesses with successful growth performances. A full-length feature article on each recipient will appear in Biz Times Milwaukee over the coming months. Awards will be presented to all recipients on September 15th, 2001.
"Our Future 50 winners provide a good window into what's on the economic horizon," said Tim Sheehy, MMAC president. "Companies with exportable products and services will continue to drive job and income growth for the region."
Xten Industries, an ISO 9001:2008 certified company, was founded in 1940. Since moving to Kenosha in 2002, Xten's revenue has grown over 35% annually to over $16 million in 2010. Xten has become a local leader in contract manufacturing and plastic injection molding. Due to significant manufacturing efficiencies, Xten has proven to be competitive with Asian and other outsourcing alternatives. In addition, Xten and all its employees strive to be an extension of their customers, assembling finished products and drop shipping those directly to ultimate users. The company offers many auxiliary services including part and tool design assistance, engineering, finishing, in-mold decorating, assembly, and packaging, along with inventory management and logistics solutions. Xten's mission is to deliver outstanding products on time, at a fair price, working safely in an enjoyable atmosphere while proving that manufacturing can thrive in the United States. For more information on Xten, please visit www.xtenindustries.com or Xten's headquarters in Kenosha, WI.
Matthew Davidson CEO