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SIFCO Industries, Cleveland, Ohio, was among an elite group of 101 Northeast Ohio mid-sized companies to be recognized at The 2013 Leading EDGE Awards on May 23 at Lorain County Community College in Elyria, Ohio. In its seventh year, this prestigious award was developed by The Entrepreneurs EDGE to recognize value-creating, mid-sized companies in the region. Qualifying companies operate within the 17 counties of Northeast Ohio and generate revenues up to $750 million, a portion of which must be outside the region.
Honored companies were identified by the value they create in our regional economy, based on a sum of their EBIT (earnings before interest and taxes) and total taxable compensation for all Northeast Ohio-based employees.
“SIFCO is honored to receive this recognition for the 7
th year,” said CEO Michael Lipscomb. “We will continue to dedicate ourselves to creating value for all of our stakeholders through our commitment to continuous improvement, technological excellence and growth.”
SIFCO Industries, Inc. is engaged in the production and sale of a variety of metalworking processes, services and products produced primarily to the specific design requirements of its customers. The processes and services include forging, heat-treating, coating, welding, and machining. The products include forgings, machined forged parts and other machined metal parts, and remanufactured component parts for turbine engines. The Company’s operations are conducted in two business segments: Forged Components Group, which consists of SIFCO Forge, Cleveland, Ohio; T&W Forge, Alliance, Ohio and Quality Aluminum Forge, Orange, California; and Turbine Components Services and Repair Group located in Minneapolis, Minnesota.
EDGE drives growth for companies by bringing together their leadership teams to share best practices and inspire each other to pursue the biggest opportunities. EDGE is a 501(c)(3) non-profit, and is the only Northeast Ohio economic development group that is focused on helping mid-sized companies strengthen their leadership teams in order to take their companies to the next level.