Mannington Named to Top 30 Exceptional Business Families List
Salem, NJ, September 12, 2019-Mannington Mills joins a group of “Top 30 Exceptional Business Families,” named by Family Business Magazine. The companies selected have each made exceptional progress in governance through multigenerational leadership. Mannington Mills is a 104-year-old, fourth-generation family business that has grown into one of the world’s leading flooring manufacturers.
Family businesses like Mannington are a key economic backbone, controlling 30% to 60% of the United States Gross Domestic Product (GDP). They’re also philanthropic and civic-minded. For example, Mannington supports a number of community, veteran and educational programs across the U.S., focusing on communities where it has operations.
Some of Family Business Magazine’s criteria for “Top 30” selection were: creating family governance structures, finding the proper balance between business and family priorities, managing transitions in the business, family and the board; and developing sound policies to ensure the family continues as good stewards of the business.