(The FABRICATOR: Ontario, Canada) -- The FABRICATOR, a publication of FMA Communications, has released its list of 40 of the most successful metal fabricating companies in the U.S. The FAB 40 list reveals that companies involved in the cutting, forming, and welding of metal continue to grow as they take advantage of expanded economic opportunities in the North American market.
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This year’s FAB 40 again reported record revenues. Some of the boost comes from material price inflation, but some of it comes from increased demand as global companies reshape their supply chains; the industry’s best gain market share. Other growth opportunities come with increased spending on transportation, infrastructure, and even semiconductor manufacturing.
MEC, in Mayville, Wisconsin, topped the FAB 40 with $539.4 million in reported 2022 revenue. MEC has held the top spot for 13 consecutive years.
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