Tuesday, April 10, 2012

Manufacturing Company Expects to Triple Production

Following participation in Florida SBDC's Growth Acceleration Services, HERNON Manufacturing expects to triple production

Pensacola, FL: Companies across Florida are accelerating their business growth with the Florida Small Business Development Center's (Florida SBDC’s) no-cost Growth Acceleration services. In-depth, high-level professional consulting provides qualified emerging and growth businesses the tools, strategies and expertise needed to accelerate growth and success in today's challenging market.

HERNON Manufacturing, founded by brothers Harry and Josef Arnon and located in Sanford, has taken advantage of the Growth Acceleration services at the Florida SBDC at the University of Central Florida (Florida SBDC at UCF). Housed in a 25,000 square-foot facility and producing over 5,000 high performance adhesives and sealant products, HERNON was ready for a new level. The company created an aggressive future growth strategy to quadruple plant size by the end of 2013 and increase their revenue; however, Hernon HERNON needed help implementing the strategy.

HERNON had an extensive history dating back to 1998 with the Florida SBDC at UCF so they contacted the Growth Acceleration Consultants. Through a detailed business health assessment, the Consultant analyzed financial performance metrics, made several recommendations to help them optimize cash flow and recommended strategies to better position the company for tremendous growth opportunities.

HERNON Manufacturing’s plan projects hiring 15 to 20 additional employees by year end 2012 and expanding into a 100,000 square-foot plant by year end 2013. The new building and equipment will enable the company to triple its production capacity.

“Your health assessment report for HERNON Manufacturing was thorough and well executed,” Harry Arnon, President of HERNON Manufacturing comments to his Growth Acceleration Consultant. “We will further need your kind assistance to implement the improvements outlined in the assessment. Your professional attitude and experience will be a great asset for HERNON 's aggressive growth acceleration plans. It is important to acknowledge this type of assistance to increase export, hire additional employees, expand manufacturing facilities and introduce technologies…”

Through the Florida SBDC’s no-cost Growth Acceleration services, companies can develop sustainable growth strategies in key business areas, including marketing and business development, cash flow management, strategic planning, market/industry research, as well as capital access. To qualify for the services the company must have growth as a goal, be operating for at least three years, have annual revenue ranging from $500,000 to $10 million, and employ five or more workers. Florida SBDC Growth Acceleration Consultants are readily available statewide to provide assistance to qualified emerging and growth businesses that are looking to advance.

For 35 years, the Florida SBDC Network has nourished a statewide partnership between higher education and economic development organizations, dedicated to providing emerging and established business owners with management and technical assistance, enabling overall growth and increased profitability for the businesses and economic prosperity for the state. In 2010, Florida SBDCs helped its clients acquire $87 million in capital for business formation and expansion; create/retain 14,407 jobs; enjoy sales growth worth $116 million; open 786 businesses; and win contract awards worth $406 million. To learn more about the Florida SBDC Network or to find a SBDC near you, visit www.FloridaSBDC.org or call 1.866.737.7232.

HERNON Manufacturing has been committed to delivering world class adhesive, sealant, and impregnation solutions along with precision dispensing systems for nearly four decades. A long-time member of Central Florida's industrial manufacturing community, HERNON offers strong brands and technologies, all made in the United States, for a diverse range of industries including: Energy/Power Generation, Medical, Electronics, Electrical, Automotive, Appliances, Sporting Goods, Ammunition, Communications, Aerospace, Aviation, High Tech Audio, Defense, Fire Suppression, Transportation, and Marine. HERNON Manufacturing is proud to be an ISO-9001 registered company whose products meet or exceed Mil-Specs. HERNON Manufacturing has been recognized as a top company in Orlando and is listed in the Orlando Business Journal’s 2011 Book of Lists.

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