BARBERTON, Ohio—Preferred Compounding Corp. has grown considerably in the last several years.
But it doesn't act like a big company, nor does it move like one. “We're not trying to be the biggest—just the best compounder,” said Kenneth Bloom, president and CEO of the custom mixer.
Preferred thinks and operates like a smaller, very robust firm, he said in a recent interview at the firm's Barberton headquarters. “We're nimble. There's not a lot of bureaucracy here, so we respond and move very quickly. Yes, we're a lot bigger than we were, but we're fast ... so I see us as a small company.”
Because it's nimble, the firm successfully weathered the 2008-09 recession without big losses, he said.
Its high quality materials, technology focus, broad range of capabilities, multiple plants in the U.S. and Mexico, relationship focus, and proactive reliable service have made it into one of the top compounders anywhere, according to Bloom, who has been with the company and held the top posts since 2006.
He was a member of a group of managers who teamed with Wingate Partners, a private equity firm in Dallas, to acquire the steadily growing company from Watermill Group in late 2010. After that, the firm began making greater strides in the marketplace.