NJBIZ, the state’s weekly business journal, recently ranked MICRO, a full-service contract manufacturer, on its list of “New Jersey’s Top 100 Privately Held Companies.” MICRO qualified for the recognition, in which a company had to be a privately held business for the past three years in New Jersey, with at least $500,000 in revenue during that period of time.
This is the fourth time in a row that MICRO has earned this recognition. MICRO is ranked at number 97 this year. Privately held companies are ranked by their 2011 global revenue. The company showed sales of $75.2 million for the calendar year 2011, a 4% increase over the previous year—with hopes of hitting the $80 million sales mark for 2012.
A truly global company, MICRO is headquartered in Somerset, with facilities in Florida, Korea, and Singapore. The two domestic plants in Somerset, New Jersey and Largo, Florida together employ approximately 335 people.
World class engineering is at the heart of MICO’s ability to serve its customers. The company works through a cooperative program with Stevens Institute of Technology in Hoboken, NJ to help train students as engineers so they are ready to enter the workforce and join the MICRO family upon their graduation. This summer the firm employed 6 students in their engineering co-op program.
Current MICRO President Brian Semcer’s grandfather, Frank Semcer Sr., established the company 67 years ago in 1945 when he was in his 40s. Brian’s father, Frank J. Semcer Sr, is currently Chairman at the firm. MICRO, which was originally based in Maplewood, operated in a 28,000 sq. ft. facility—until the company moved to Somerset in 1988—and today now occupies over 100,000 sq. ft. in two different buildings.
The company back in the forties focused primarily on high precision metal stampings for the vacuum tube assembly. Over the years MICRO has made huge investments in capital equipment and technology to now service many diverse industries, including medical device, automotive, electronics, aerospace, industrial and consumer products.
Today the firm supplies numerous Fortune 500 companies, predominantly medical device, with its numerous capabilities, including medical device assembly, tube fabrication, precision metal stamping, insert and injection molding, laser cutting/welding/marking, machining, sharpening, finishing and assembly.
MICRO is always striving to make products more “manufacturable with the best possible quality.” New Jersey has always been a hub for stellar manufacturing and engineering operations, and the firm remains committed to upholding this reputation for years to come. It is truly an honor to be recognized by NJBIZ again this year.