Inc. magazine has again named a Portage-based packaging maker one of the fastest growing private companies in the Midwest.
Inc. is a national publication covering entrepreneurship and business that is best known for its annual Inc. 5000 list of the nation’s fastest growing companies. Earlier this week, it released the Inc. 5000 Regionals to showcase growth in the Midwest and other geographic regions across the country.
MSI Express in Portage ranked 10th in the Midwest after growing 1,0003% over the past two years. It was the 165th fastest growing in the Midwest after rising 87% over the past two years, according to Inc.
Seven other Indiana companies have been recognized as some of the fastest growing private companies in the Midwest, including Lifeboost, Peterman Heating Cooling and Plumbing, Remodel Health, Reciprocal Technologies, The Society for Diversity, Fire Dawgs and Apex Infinite Solutions. Rankings are calculated based on revenue growth over a two-year period.
MSI Express, at 5900 Carson Drive in Portage, manufactures food, beverage, vitamin and pet food packaging. A player in both liquid and dry foods, MSI Express works largely under contract, primarily serving the shelf stable dry food industry.
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Founded in 2008, it is the only Northwest Indiana company to make the list. The company ranked 165th in the Midwest Regionals and 479th in the Inc. 5000 last year.
“The regional winners of this year’s Inc. 5000 represent one of the most outstanding and exciting lists of America’s out-of-this-world growth companies. They are disruptors and job creators, and all have had an outsized impact on the economy. Remember their names and follow these are the companies you will hear about in the years to come,” Inc. Editor-in-Chief Scott Omelianuk said in a press release. .