WAUKEGAN, Ill., June 9, 2009 (GLOBE NEWSWIRE) -- Coleman Cable, Inc. (Nasdaq:CCIX), a leading manufacturer and innovator of electrical and electronic wire and cable products, announced that it has been named to the "Fast Fifty" list for 2009 for the second consecutive year as published recently in Crain's Chicago Business. The list ranks the Chicago metropolitan area's fastest growing public and private companies based on revenue growth between 2003 and 2008. Coleman Cable ranked 34th on the list as the Company posted an impressive 317 percent overall revenue growth since 2003.
To identify its "Fast Fifty" list, Crain's evaluated companies with headquarters in the six-county area (Cook, DuPage, Kane, Lake, McHenry and Will) with 2008 revenue of at least $20 million, revenue growth in the last year, and no more than one year of declining revenue in the 2003 to 2008 period. The publication required financial statements or tax returns from 2003 and 2008 for all of the private companies and enlisted independent professional services firm Deloitte & Touche LLP to assist with verifying the financial information. Crain's calculated growth using the full revenue figures, and revenue figures were used to break ties. Companies with the highest five-year percentages of growth became the "Fast Fifty."
Gary Yetman, president and CEO, said, "We are pleased to again be recognized by Crain's Chicago Business as Coleman Cable has grown substantially over the past five years. Our growth, which was aided by the acquisitions made during 2007, has favorably positioned the Company with increased operational scale and improved customer and product diversification.
"We believe that our focus on quality and service, which is complemented by our superior technical expertise and extensive manufacturing capabilities, offer us a distinct advantage in providing our customers with exceptional value in a highly competitive industry. These accomplishments will allow us to continue to grow as the economy rebounds," added Mr. Yetman.
Mr. Yetman concluded, "In light of this recognition, I would like to thank our strong, hard working employee base for its dedication to excellence, and our customers for their continued support."
Founded in 1970 and based in Waukegan, Ill., the high standard of Coleman Cable's quality is unsurpassed in the cable and wire industry. As a pioneer in the development of wire and cable products, the Company is prominent in the voice & data, communications, electronic, industrial, building construction, OEM, consumer, HVAC, automotive, and government market segments. Its product offering is diverse and extensive, and its Copperfield(r), Woods(r), Yellow Jacket(r), Signal(r), Baron(r), Seoprene(r), Polar Solar(r), and Road Power(r) brands are universally recognized for their market leadership positions.
About Coleman Cable, Inc.
Coleman Cable, Inc. is a leading manufacturer and innovator of electrical and electronic wire and cable products for the security, sound, telecommunications, electrical, commercial, industrial, and automotive industries. With extensive design and production capabilities and a long-standing dedication to customer service, Coleman Cable, Inc. is the preferred choice of cable and wire users throughout the United States. The company is located at 1530 Shields Drive, Waukegan, IL 60085.
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