Lt. Governor Kim Guadagno Highlights NJ's Manufacturing Sector during Fastest Growing Business Tour
Concludes Month-Long Tour With Visits To Legacy Converting Inc. In Cranbury and Parts Life Inc. In Camden
Press Release January 28, 2014
Trenton, NJ - Throughout the month of January, Lt. Governor Kim Guadagno travelled the state highlighting New Jersey's fastest growing businesses and promoting the state as an ideal business location. The tour concluded today with final stops at two New Jersey based manufacturing companies, Legacy Converting Inc. in Cranbury and Parts Life Inc. in Camden.
"The companies we highlight today are just two examples of New Jersey's diverse manufacturing sector, providing a wide range of products and services to national and global customers," said Lt. Governor Guadagno. "The Christie Administration applauds the success of Legacy Converting Inc. and Parts Life Inc. and we look forward to their continued growth in New Jersey."
Founded in 2004, Legacy Converting Inc. manufactures private label and branded lines of disposable wiping products for the medical, hospitality, technology, and food service industries. The company serves a global clientele and strives to be the best disposable wiping manufacturer in the United States.
Legacy's market share and manufacturing capabilities continues to expand. Starting in 2011, Legacy's tremendous growth has been recognized 3 years in a row on the Inc. 500|5000 list for fastest growing companies in America. In addition, Legacy's business culture that focuses on promoting self development of all of its employees, contributed to Legacy winning the NJBIZ Magazine, Business of the Year Award in 2011.
"In 2010, the management team of Legacy Converting made a strategic decision to relocate its growing manufacturing business to Cranbury, New Jersey. Faced with over a 1200% growth rate in the preceding 3 years, we knew we needed a location that would not only allow for the physical growth of the plant, but allow us to continue to build a diverse team of extraordinary individuals that would help our company succeed," said Jason Slosberg, M.D., Legacy Converting's President and Co-Founder. "We feel very fortunate to be based in Cranbury and believe this location has allowed us to grow our customer base considerably as well as recruit some of the top talent in the nation. I believe Legacy's tremendous success and award winning culture is a testament to the fact that manufacturing is not only surviving in New Jersey but thriving."
Founded in 2007, Parts Life Inc. provides life cycle sustainment management and supply chain solutions that extend the life of expensive military mission critical assets. Clients include the U.S. Army, Department of the Navy, and Department of the Air Force as well as the Defense Logistics Agency, prime military contractors, and key players in the automotive, aerospace and construction equipment industries.
Parts Life Inc. offers engineering services, manufacturing solutions, program management, integrated logistics, remanufacturing and repair and life cycle sustainment. The company maintains a core focus on agility, efficiency and affordability that enables Department of Defense managers to proactively mitigate the obsolescence risk of military systems. Last year, for the second year in a row, Parts Life Inc. ranked as one of 2013's fastest growing privately-held businesses in the Philadelphia region by the Philadelphia 100. Most recently NJBIZ ranked Parts Life Inc. # 46 on its list of Fastest Growing Companies in New Jersey.
"At Parts Life, our goal as a manufacturer in the military and aerospace industry is rooted in both client satisfaction and mission success as we work to extend the life of expensive and mission-critical assets. In addition, we are committed to growing our business in New Jersey and look forward to expanding our long term relationship with Lakehurst and the Joint base McGuire - Dix - Lakehurst (JB MDL), said Parts Life Inc. President and CEO, Sam Thevanayagam. "We're delighted to have Lt. Governor Kim Guadagno visit Parts Life Inc and we're extremely proud to call South Jersey our home.
Since taking office, the Christie Administration has worked to retain and attract 261 companies that have committed to generate and retain over 73,000 jobs and spur a total of $12 billion in public-private investment. Businesses considering a move or in need of assistance are encouraged to call New Jersey's Business Action Center at (866) 534-7789 or visit the State's Business Portal at www.newjerseybusiness.gov.
To learn about Parts Life, Inc. visit us at partslifeinc.com or contact Chris Small