Business

Minnesota Elevator Inc.

August 5, 2012 at 8:32PM

MINNESOTA ELEVATOR INC.

Business: Makes, installs, modernizes and services passenger and freight elevators, including building custom elevators for stadiums, airports, university, commercial and government buildings.

Founded: 1971

Headquarters: Mankato

Website: www.minnesotaelevator.com

Employees: 220

Executives: John Romnes, founder and CEO; Rick Lowenberg, president; Ron Romnes, executive vice president

2011 revenue: $55 million

Strategy: Expand through acquisitions, continue training employees in lean manufacturing techniques, continue capital spending to support lean manufacturing, continue investing in new product development.

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