Our History
2003
- LEFCO was founded through an acquisition of an Amish pallet manufacturing company located in Middlefield, OH. LEFCO employed a handful of employees and boasted only a few local customers. The company occupied shared space in Middlefield, OH.
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2004
- LEFCO moved into a Cleveland, OH facility, tripling its footprint. Also during 2004, LEFCO purchased the assets of a Cleveland, OH based manufacturer of custom crating products.
- LEFCO doubled its revenues from the prior year.
2005
- LEFCO began discussions around establishing a strategic alliance with a division of Worthington Industries (NYSE: WOR), Worthington Steelpac.
- LEFCO doubled its revenues from the prior year.
2006
- LEFCO signed a multi-year lease and moved into a new facility in Cleveland, OH, doubling its footprint.
- LEFCO doubled its revenues from the prior year.
- LEFCO secured financing by recapitalizing its initial acquisition loan and by obtaining growth financing.
2007
- LEFCO formed a joint venture with Worthington to further explore identified potential business opportunities and to solidify its relationship. (click to see Worthington's joint venture company listing)
2008
- LEFCO doubled its revenues from the prior year.
- LEFCO recapitalized its debt structure and improved its financial positioning .
2009
- LEFCO obtained its ISO 9001-2008 quality certification.
- LEFCO received a grant from the Ohio Bureau of Worker’s Compensation to purchase assets to improve the safety of its operations. Management invested additional funds and purchased several state-of-the-art pieces of equipment, significantly improving overall efficiency and operational safety throughout the business.
- LEFCO received its General Services Administration (GSA) Contract.
- LEFCO's President received the Crain's Cleveland Business 40 Under 40 Award.
- LEFCO increased revenue from the prior year.
2010
- LEFCO is currently working on the expansion of its geographical footprint in order to take advantage of identified business development opportunities. LEFCO is exploring additional facility options that will incorporate state of the art wood pallet assembly technology as well as a heat treatment kiln that will meet ISPM #15 certification requirements.
- LEFCO begins to seek acquisition opportunities for further its growth. See our company's acquisition profile.
- More to come…
Reach us for any questions at:
LEFCO Worthington, LLC
18451 Euclid Avenue
Cleveland, Ohio 44112
Tel: (216) 432-4422
Fax: (216) 432-4424
ABOUT LEFCO WORTHINGTON
Cleveland, OH based LEFCO Worthington is one of the region's fastest growing specialty wood crating, pallet, and steel rack product manufacturing companies. Certified ISO9001-2008, LEFCO provides its wood and metal products to companies throughout the United States.
The company delivers its products and services through internal direct sales and its website - www.LEFCOWorthington.com®.
LEFCO is open from 8:00am - 4:30PM, Monday through Friday.
Early Beginnings
