August 08, 2013
Metaldyne Again Named One of Fastest Growing Companies by Crain's
Plymouth, Mich. – August 8, 2013 – Metaldyne LLC today announced that it was named one of the fastest growing businesses in the metro Detroit area by Crain’s Detroit Business for the second year in a row.
The list ranks private and public companies headquartered in metro Detroit by two factors: dollar revenue growth and percentage revenue growth over the past three years.
Metaldyne placed number 38 on the list, exhibiting revenue growth of 59% between 2009 and 2011, from $630 million to over $1 billion.
Responding to questions from Crain’s, Metaldyne’s president and CEO Thomas Amato explained how the company has achieved this growth. “By focusing our investments in our engine, transmission and driveline product and process technology, Metaldyne has seen substantial growth,” said Amato. “We are honored to once again be included in this group of excellent companies headquartered in the metro Detroit area."
Other notable supplier recipients included Borg Warner Inc., American Axle & Manufacturing Holdings Inc., TI Automotive, Piston Automotive, Lear Corp., TRW, Meritor Inc., in addition to automotive OEMs Chrysler Group LLC and General Motors.
“We appreciate the acknowledgement, which is a testament to our culture of continuous improvement and commitment to operational excellence throughout all of our locations,” said Amato. “All Metaldyne employees work hard every day, and this is a result of their efforts”
Metaldyne LLC is a leading global manufacturer of highly engineered metal-based components for engine, transmission, and driveline applications in the automotive and light truck markets. Products include powder metal engine connecting rods, engine bearing caps, engine cylinder oil jets, transmission sub-assemblies, forged differential gears and pinions, differential assemblies, engine balance shaft modules, transmission shafts, and engine crankshaft dampers.
Metaldyne has over $1 billion in annual revenue, with 25 locations in 13 countries, and is owned by American Securities, a leading private equity firm (www.american-securities.com). More information about Metaldyne can be found at www.metaldyne.com.
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