Founder: Horace Milton Royal Jr.
Headquarters: Trenton, N.J.
Number of employees: 50.
Key family members active in the company: H.L. Boyer Royal Jr., vice president—key account manager, 1981 to present; Henry Wood Royal, vice president—director of sales, 1983 to present; Joseph Edward Royal, president, 2003 to present; Hardy S. Royal, vice president—key account manager.
What it does: H.M. Royal is a distributor of compounding ingredients to industries such as plastics, rubber and paint.
Number of generations involved in the business: Three.
What are the strengths of a family owned business? H.M. Royal Inc. has continued for 90 years, and successfully made two generational transitions. At the same time, we have diversified and grown the business services that we provide.
Many wise people and smart management decisions have contributed to this achievement. Key among them is the recognition that the family members work for the good of the business, not vice versa.