Exciting news from Ideal Industries, Inc. on being named to the Inc. 5000 list for the third year in a row! Congratulations to Pat Lyons and everyone at Ideal Industries, Inc. Please read the press release provided by Mike O’Connor.
Vinton, Iowa (August 15, 2018) — Ideal Industries, Inc., headquartered in Vinton, Iowa, was named today to the 2018 Inc. 5000 list, marking the third-consecutive year it has been recognized as one of the fastest-growing companies in America.
The Inc. 5000 list showcases some of the top privately held companies in the country. Patrick Lyons, president of Ideal Industries, talked about what this special recognition means from a practical perspective.
“Making the list isn’t really the goal, but the recognition is gratifying in that it speaks to the fact we are achieving our goal of sustained growth,” Lyons said. “Manufacturing can be challenging in times of economic predictability and this certainly hasn’t been the case of late. Continued inclusion on the Inc. 5000 list is a direct reflection of the quality, creativity, and overall work ethic of our employees.
One of the hurdles all manufacturers face in regard to sustaining growth is attracting, hiring, and retaining quality employees. Lyons spoke to Ideal’s strategy for growing the company’s workforce as part of an overall plan for continued success.
“We are experiencing challenges in attracting qualified applicants in manufacturing,” he said. “In order to stay on our planned growth trajectory we must be able to fill the gaps created in production as we expand. We are establishing partnerships with area high schools and community colleges to build awareness of career opportunities in advanced manufacturing, while at the same time enhancing internal training and employee retention programs.”
In closing, Lyons commented on how Ideal plans to approach the marketplace moving forward.
“We have shifted our business development focus from quantity to quality,” he said. “We want to create strategic partnerships with our customers, while moving away from transactional relationships.”