“Becoming a $1 billion company is a significant milestone for LORD. We appreciate the collaborative relationships we have with our customers and partners – relationships that have enabled us to achieve new heights,” said Ed Auslander, president and CEO. “Every team member at LORD is dedicated to creating innovative solutions and technologies that add value for our customers. This is our passion and will continue to position us for additional growth in 2019 and beyond.”
What began as a small family business, sparked by the need for problem-solving inventions, has grown into a global enterprise with more than 3,000 employees in 26 countries. LORD has experienced significant growth for the company in key industries such as aerospace, automotive, oil & gas, and industrial.
“LORD had a momentous year in 2018,” said Auslander. “Not only did we win our biggest contract in company history with Boeing; we also celebrated growth across the globe, including an $80 million investment to expand our Saegertown, Pennsylvania, facility and the opening of a $12 million state-of-the-art manufacturing facility in Pont de l'Isère, France.”