Intricon has been named 2022 Manufacturer of the Year by the Minneapolis/St. Paul Business Journal. This year is the fifth year of the Minnesota Manufacturing Awards program, which recognizes manufacturing companies that drive the region’s economy.
The Manufacturer of the Year award honors manufacturing excellence at private or public companies in various employee-size categories. Intricon, which designs, develops, and manufacturers micromedical components and sub-assemblies for the medical device and hearing healthcare markets, won the award for large companies with more than 250 employees.
A group of judges, steeped in business acumen, evaluated hundreds of companies, using the following criteria to select the winners: Excellent financial performance, effective business strategy, innovative approaches to internal operations, corporate training and manufacturing processes, job creation and retention, and sustainable business practices.
Intricon’s qualifications for earning the recognition included its global leadership in medical device manufacturing for products that enhance and save lives. Other highlights of its nomination included:
- Its recent Honor Roll recognition for gender diversity of executives and Board members in the latest Minnesota Census of Women in Corporate Leadership
- Winning the Medtronic Supplier Excellence Award — one of 10 companies among 44,000+ suppliers
- 2021 record sales and revenue, despite the pandemic, supply chain challenges, and tight labor market
“The award is timely, given we are celebrating Intricon’s 45th anniversary this year,” said Scott Longval, CEO. Intricon was started in a vacant auto body shop by engineer and Board member Mark Gorder. Mark and three co-founders pioneered the commercial application of electron scattering at the subatomic level of matter, greatly expanding the application of microelectronics and mircotechnologies in the medical device industry since then. Today, annual revenue exceeds $125M with more than 800 employees across three offices and six manufacturing sites – from Arden Hills, California, Singapore, and Indonesia.