2019 PBN Fastest Growing Companies: | $5m – $25M
1. NFI Corp.
CEO (or equivalent): Renaud Megard, owner and CEO
2018 Revenue: $14,482,646
2016 Revenue: $5,511,868
Revenue growth: 162.8%
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WHILE NFI CORP.’S ORIGINS can be traced back to the United Kingdom, the company arrived in the United States in the 1970s and has become a global leader in manufacturing custom, high-performance and superior-quality printed graphics.
Founded in 1975, the company began as a sales office for a small manufacturing company on the Isle of Wight in England. As its customer base grew, NFI launched manufacturing operations across the Atlantic Ocean, in New Bedford. In 1988, the U.S. location started operating on its own, independent of the U.K. company, with Donald Rudnick as president, and sole employee. NFI Corp. has expanded considerably in the past 30 years, and now serves the industrial manufacturing, medical, government/military, professional services, transportation, communications and distribution industries, and has clients throughout the U.S. and internationally.
Services performed by NFI – previously known as Nameplates For Industry – include printing on plastic, digital printing and flexographic printing. The company also produces custom, high-performing graphic solutions, which include serial number labels, long-lasting barcode labels, domed labels, asset tags, tamper-proof labels, metal nameplates, and electrical membrane switches. NFI’s plastic labels and decals are its primary sellers.
The New Bedford company’s growth has been recognized nationally. The company experienced a 167.7% increase in revenue from 2017 to 2018. With its recent growth, NFI was ranked No. 2,442 on the Inc. 5000 list this year. NFI has won numerous awards, including the Specialty Graphic Imaging Association Award of Excellence for Highest Achievement, the SGIA Award of Distinction for Exemplary Quality, and the SGIA Award of Merit for Outstanding Performance.
Key factors that have contributed to NFI’s growth and success include its staff and commitment to value.
“With our respected and experienced employees, we deliver unparalleled value, exceptional customer service and innovative solutions with absolute dedication to safety,” said Beatrice Thouveny, NFI marketing director.
NFI staff members pride themselves on being on the leading edge of innovation and technological advances, while remaining committed to exceptional customer service, safety and the environment. The company’s graphics professionals regularly attend trainings on lean manufacturing, “green” practices in the workplace, and safety and health.
The main challenge NFI has faced in recent years is continuing to find the right people for its team. To assist with recruitment, the company established a new program called “Corridor to College.”
Corridor to College is a focused-future program that allows high school graduates to choose from among three corridors, the three paths to a future in the industry: engineering/design, production management and business management. This program is one element of company culture that truly stands the test of time – by being presented with a number of potential career modules, novice employees can experience various aspects of a manufacturing business that will enable them in the future to understand why and how decisions they make in upcoming years affect their peers and customers.
“The message we are delivering to young people beginning their careers and educational path is that there is more going on behind the scenes in manufacturing companies than they realize. We want to make them aware of marketing and sales opportunities and how the latest business-to-business strategies and use of technology attracts new customers. We also want our next generation of workers to watch our designers and engineers create innovative projects and to see firsthand exactly how the production staff works its magic,” Thouveny said.
Future goals for NFI include continuing to build the company as a solutions-driven organization that is up to date in new technologies for production within digital printing, while staying true to its core values of innovation, sustainability, respect, collaboration, service and quality, and safety in everything NFI staff members do.
