As Warren, Ohio-based plastics recycler InterGroup International Ltd. welcomed guests to an open house event at its new plant in Euclid, Ohio, in late August, it also informed them of the company’s status as a member of the Inc. 500 list of fastest-growing companies.
In early August, InterGroup CEO Neil Gloger was informed by Inc. magazine that his company ranked No. 239 on the Inc. 500 list published in the magazine’s September 2010 edition. InterGroup also ranked No. 1 in the manufacturing category in the 2010 list, which was top-heavy with consumer services and energy companies as well as and companies providing contracting services to the federal government.
A write-up in the Inc. September 2010 edition recounts how the company bounced back from a fire at its Warren facility in 2007 and made it through the event without missing scheduled pickups for customers.
Subsequently, the company has made it through the market turbulence of 2008 and early 2009. InterGroup’s Zach Durant says the company continued to serve its scrap-generating clients despite a disturbing lack of orders for plastic scrap in late 2008 and early 2009.
The figures submitted to Inc. show InterGroup with 25 employees (and growing, according to Gloger), $3.2 million in revenue in 2009 and a growth rate from 2006 to 2009 of 1,285 percent.
In 2010, the company has been expanding into its newly acquired space in Euclid, near the border of Cleveland. InterGroup has moved into a 130,000-square-foot building that used to house a broom and cleaning supply manufacturer.
At the Euclid location, the company has eight loading docks, a full-sized truck scale and adequate warehouse space for the many types of polypropylene, PVC, PET and other types of manufacturing, packaging and injection molded scrap that it purchases.
InterGroup also is moving much of its production equipment (shredders, granulators, air separators, densifiers and vacuum dust control machines) from Warren to Euclid.
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