MATBOCK was included in the 2021 Inc. 5000 list of fastest-growing private companies, marking its inaugural entry on the list at #1033. Despite wide-spread manufacturing challenges associated with COVID-19, MATBOCK grew exponentially in its 11th year of business.
The ranking followed a year of significant change and rapid growth at MATBOCK. The manufacturing team expanded from 19 highly skilled employees to 32. Additionally, MATBOCK moved into a state-of-the art 12,400 square foot manufacturing facility in Virginia Beach with an additional laser cutting machine and several programmable sewing machines. Applying manufacturing best practices from other industries, the MATBOCK team slashed average production lead times by half while reducing past due orders and increasing on time delivery.
This past year also marked the introduction of several new and innovative products to meet the demands of our military, law enforcement, and civilian customers. One of MATBOCK’s most innovative and successful product launches was the HIVE communication bag. Designed to hold radios, a hub, and batteries, the HIVE transfers heat quickly, keeping equipment cool while maintaining water resistance. In 2021, MATBOCK manufactured and sold 1,751 HIVES in less than six months, highlighting the company’s growth and improved manufacturing efficiencies.
MATBOCK is honored to be included in the 2021 Inc. 5000 list of fastest growing companies and we look forward to continued growth in 2022!