Making this year’s Inc. 500/5000 annual list of America’s fastest-growing privately held companies is Xten Industries (www.xtenindustries.com), a custom injection molder and contract manufacturer headquartered Kenosha, WI. As a company with $50 million in annual sales, this company has been recognized both locally and nationally for its successful growth over the past few years.
“We’ve worked hard to provide the services and reliability our customers rely upon,” said company co-founder and CEO Matthew Davidson. “Xten is blessed with growing current customers and adding new ones how seek us out.”
Due to significant manufacturing efficiencies, Xten has proven to be competitive with Asian and outsourcing alternatives, according to the company. Xten and all its employees strive to be an ‘Xtension’ of their customers, assembling finished products and drop-shipping those directly to the end users. In addition to injection molding, Xten offers auxiliary services including part and tool design assistance, engineering, finishing, in-mold decorating, assembly, and packaging, along with inventory management and logistics solutions.
According to Inc.’s information, median growth rate of 2013 Inc. 500/5000 companies was an impressive 142%. The companies on this year’s list report having created over 520,000 jobs in the past three years, and aggregate revenue among the honorees reached $241 billion.