Plascon Group Named as One of the 2011 "Michigan 50 Companies to Watch"

Traverse City, MI, March 30, 2011 --(PR.com)-- Plascon Group has been recognized as one of the 2011 “Michigan 50 Companies to Watch,” an awards program sponsored by the Edward Lowe Foundation and presented by Michigan Celebrates Small Business.

Plascon Group will be honored at an awards ceremony during the seventh annual Michigan Celebrates Small Business event, April 28 in Lansing, Michigan.

The Plascon Group is comprised of several companies that manufacture specialty plastic packaging and supply manufacturing equipment for the food service, institutional, pharmaceutical and bulk packaging industries. From turn-key work programs used to generate income and create jobs in Community Rehabilitation Programs and Correctional Institutions, to time and money saving packaging solutions for the food industry, to high tech bioreactor bags that are used to develop cutting-edge pharmaceuticals, Plascon takes great pride in producing custom, innovation solutions to meet client needs. The Plascon Group was founded in 2000 and has enjoyed steady growth including a recent addition of 18,000 square feet to their Traverse City manufacturing facility. Plascon’s product lines include Food Solutions, Bulk Packaging, Bioprocessing, Work Programs and Blown Films.

“The Plascon Group is proud to have been named to this elite list of Michigan companies,” said David Peterson, CEO of Plascon Group. “The award not only recognizes Plascon’s previous successes, but also looks toward the future when we expect to achieve significant growth adding both revenue and jobs to Michigan’s economy.”

Companies making it to the “Michigan 50 Companies to Watch” list are a remarkable group of second-stage companies. Defined as having 6 to 99 full-time-equivalent employees and generating $750,000 to $50 million in annual revenue or working capital from investors or grants, these companies form the backbone of Michigan’s economy. Representing all regions of the state and a diverse range of industries, companies like Plascon Group are known for their exceptional entrepreneurial leadership, creation of innovation or use of innovation in creative ways, and their sustainable competitive advantage.

Winners were selected by Michigan-based judges from the banking, economic development, entrepreneurship development and venture capital communities.

Michigan 50 Companies to Watch is presented by Michigan Celebrates Small Business.

PNC Bank is the lead underwriter for Michigan Celebrates Small Business, with additional underwriting support from Clark Hill PLC, Michigan Economic Development Corporation, DTE Energy Foundation, Comcast Business Class, Michigan Certified Development Corporation, Accident Fund Insurance Company of America, and Dynamic Edge.

Michigan Celebrates Small Business is presented in association with the Michigan Small Business & Technology Development Center, Michigan Economic Development Corporation, Small Business Association of Michigan, the U.S. Small Business Administration – Michigan, and the Edward Lowe Foundation.

Information about the 2011 Michigan 50 Companies to Watch program can be found at http://Michigan.CompaniesToWatch.org. For information about Michigan Celebrates Small Business, visit http://MichiganCelebrates.biz.

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