The Ballantyne-based electronic component distributor was recently recognized as part of the Charlotte Business Journals annual "Fast 50" rankings.
Charlotte, N.C. -- December 21, 2010 – In an economy riddled with business cutbacks, layoffs and closings, some companies have learned to successfully weather the storm and navigate today’s tough economy. Each year, The Charlotte Business Journal recognizes the 50 fastest growing privately-held companies in the region as the “Fast 50”.
With a 10% 3-year average growth, Stealth was recognized as the 34th fastest growing firm.
"Fast 50" honorees are publicly nominated and then qualified, selected and ranked based upon a formula reflective of their dollar and percentage growth over a three-year period.
According to David Smith, Chief Operating Officer of Stealth Components, doubling the sales force, investing in technology and infrastructure and creating process efficiencies were the key actions Stealth took to achieve success during the economic downturn.
To continue growth in 2011 and beyond, Smith states Stealth will focus on scaling the business through the addition of more sales positions in the Charlotte headquarters and through the addition of a European location.
About Stealth Components, Inc.
For nearly 15 years, Stealth Components has experienced significant growth and has become a leader in the independent distribution of electronic components. Located in Charlotte, North Carolina, Stealth provides stock and source services of standard long-lead-time, allocated, hard-to-find, and obsolete components for domestic and international customers. Stealth strives to help its customers eliminate gaps, reduce costs and avoid production line delays and interruptions. Stealth’s leadership, quality program and process efficiencies paired with our trusted network of suppliers enable us to provide components with improved lead time while ensuring product quality is not compromised.
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