Kremin, Inc. named to the 2013 Inc. 500/5000 list of fastest growing private companies.

Inc. Magazine Unveils Its Annual Exclusive List of America’s Fastest-Growing Private Companies—the Inc.500|5000

Kremin, Inc. Ranks No. 2163 on the 2013 Inc. 500|5000 with Three-Year Sales Growth of 171% 

NEW YORK, August 22, 2013Inc. magazine today ranked Kremin, Inc NO. 2163 on its seventh annual Inc. 500|5000, an exclusive ranking of the nation’s fastest-growing private companies. The list represents the most comprehensive look at the most important segment of the economy—America’s independent entrepreneurs.  Fuhu tops this year’s list. Kremin, Inc. joins LivingSocial, Edible Arrangements, CDW and Lifelock, among other prominent brands featured on this year’s list.

“We are very excited to be included on this year’s Inc 500/5000 fastest growing companies. We are fortunate to have an extremely talented workforce throughout the organization that helps make outstanding products. We also would not be able to achieve this type of growth without such a dynamic group of customers. It is because of this we are excited to begin our new facility expansion and continue to grow and support our employees and customers.” Mike Grossi – co-Owner, Kremin Inc.

In a stagnant economic environment, median growth rate of 2013 Inc. 500|5000 companies is an impressive 142 percent. 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.

Complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, region, and other criteria, can be found at www.inc.com/500.

“Not all the companies in the Inc. 500 | 5000 are in glamorous industries, but in their fields they are as famous as household name companies simply by virtue of being great at what they do. They are the hidden champions of job growth and innovation, the real muscle of the American economy,” says Inc. Editor Eric Schurenberg.

Methodology

The 2013 Inc. 500|5000 is ranked according to percentage revenue growth when comparing 2009 to 2012. To qualify, companies must have been founded and generating revenue by March 31, 2009. They had to be U.S.-based, privately held, for profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2012. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2009 is $100,000; the minimum for 2012 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. Companies on the Inc. 500 are featured in Inc.’s September issue. They represent the top tier of the Inc. 5000, which can be found at www.inc.com/500.

About Kremin Inc.

Kremin Inc. is a contract manufacturer of precision machined components based in Saginaw, MI, USA and serves domestic and international customers in many different industries including medical, dimensional stone, energy, defense, automotive, and aerospace.  Kremin also manufactures and distributes a line of industry leading tools for the glass and stone fabricating industries (‘Kremin Onyx Tools’).

About Inc.

Founded in 1979 and acquired in 2005 by Mansueto Ventures, Inc. is the only major brand dedicated exclusively to owners and managers of growing private companies, with the aim to deliver real solutions for today’s innovative company builders.  Total monthly audience reach for the brand has grown significantly from 2,000,000 in 2010 to over 6,000,000 today.  For more information, visit www.inc.com.