McNeil Industries Earns "Top Five" Growth Ranking on U.S. Private Companies Index
Painesville, Ohio -- August 23, 2007 – By posting a second-quarter growth rate of 30% in total revenues, McNeil Industries was recognized as a “top five” private growth company by the Private Company Index (PCI). Used by financial market and accounting professionals, PCI (www.privatecompaniesindex.com), is an index that benchmarks the performance of over 500 small to mid-sized U.S. private companies in diverse market sectors, whose annual revenues range from $1 million to $80 million annually.
McNeil Industries’ ranking was based on average month-on-month growth for 2Q 2007, relative to the previous-year results. According to company CEO Randall J. McNeil, the company’s growth was driven by significant quarterly sales growth in industrial MAXAM bearings, stamping-related Guide Systems components, precision machined products, and its acquisition of OLS, Inc., a Cleveland-based developer of automated deburring equipment.
McNeil Industries delivers specialty products, systems, and services recognized for superior performance. Its unique MAXAMÂ® plain, spherical, and cylindrical bearings offer extended service life, even under the harshest conditions of load, moisture, heat, and contamination. McNeil Guide Systems products—pins, bushings, bearing cages and spare parts—are widely used and trusted by the precision stamping industry, while Deburring Systems automate secondary operations and help manufacturers improve product throughput and quality. The company also offers precision machining services, industrial seals, and value-added services to customers worldwide. For more information, visit www.mcneilindustries.com.