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Revenue growth attributed to technologies and acquisitions.
November 2, 2010
By: Karen McIntyre
Editor
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K-Tron International announced that it ranked number 46 on the 2010 Greater Philadelphia Fast 50, Deloitte’s ranking of 50 of the fastest-growing technology, life sciences and clean technology companies in the Greater Philadelphia region. Rankings are based on percentage of fiscal year revenue growth during the period from 2005–2009. K-Tron grew 60 percent during this period.
K-Tron’s chief financial officer, Robert Wisniewski, credited internal growth and a string of highly successful acquisitions for the company’s 60% revenue growth. “This award illustrates the high level of performance Hillenbrand, Inc. saw in K-Tron, which led it to acquire the company on April 1, 2010. Hillenbrand views K-Tron as a long-term growth platform. The company plans to leverage our market-leading technologies and systems knowledge, applying Hillenbrand’s core competencies in strategy management, lean business principles and talent development, to fuel that growth,” said Mr. Wisnewski.
“K-Tron International and the other 2010 Greater Philadelphia Fast 50 winners forged ahead in a challenging economic environment to realize exceptional growth,” said Tara Weiner, managing partner, Greater Philadelphia region, Deloitte. “Deloitte commends K-Tron for this impressive accomplishment.”
This is K-Tron’s second consecutive year as a Greater Philadelphia Fast 50 award winner. The company ranked 40th in 2009.
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