KENOSHA, WIS. (Sept. 19, 2:30 p.m. ET) — Injection molder Xten Industries LLC was named the 2011 Business of the Year by the Kenosha Area Business Alliance and the Kenosha Area Chamber of Commerce.
Xten was picked based on its overall economic impact on the community, which was the result of strong sales growth, growing employment, product innovation and community involvement.
Judges included previous winners and representatives from BizTimes Milwaukee, UW-Parkside, Carthage College and Gateway Technical College.
“We're striving to offset the effects of the slow economy by expanding our customer base and widening the types of services offer,” said Matt Davidson, Xten CEO, in a news release.
Xten previously was named three times to the Metropolitan Milwaukee Association of Commerce's Future 50 list of fastest-growing companies, and a Wisconsin Company to Watch by the Wisconsin Entrepreneur Network and the Wisconsin Department of Commerce.
Xten started as Chicago-based Hauser Plas Tech Inc. in 1940, eventually folding in the former Priority Tool and Manufacturing Co., and moving to Kenosha in 2002.
Since the move, the company said it has seen its sales grow more than 35 percent annually to more than $16 million in 2010.