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The Nevco Story – How to Make a 70 Yr Old Company Young and Vibrant Again

Midwest Manufacturing Leaders

Friday, November 3, 2017 from 7:15 AM to 9:00 AM (CDT)

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Type Remaining End Quantity
MML First Fridays Event Pass 34 Tickets Nov 3, 2017 Free  

Share The Nevco Story – How to Make a 70 Yr Old Company Young and Vibrant Again

Event Details

 

How do you transform a 70-year-old manufacturing company? Come hear the story of Nevco and its 13 year journey from near obsolescence to industry leader… from zero growth to tripled revenue… from single product manufacturer to an array of display and scoring solutions.

In March, 2004, Gayla Moore purchased Nevco, a scoreboard manufacturer, struggling with breakeven EBITDA and lackluster sales. After six months, the company had decreased its product lead time from 8 weeks to 4 weeks simultaneously reducing its inventory and direct labor costs.

Using operational excellence as a platform for innovation and growth, the subsequent 13 years posted annual double-digit revenue growth while maintaining a healthy EBITDA as a % to sales. Nevco became the largest privately held scoreboard manufacturer in the world. This strong financial performance and brand recognition attracted many buyers, and in June, 2017, Nevco partnered with a large private equity firm to assist in the next stage of growth and transformation.

Nevco began in 1934 as a manufacturer of scoreboards. The company operated within the Nevinger family until 2004, when Gayla Moore purchased the company. As President, then CEO, Gayla has led Nevco through its 13-year transformation. Prior to purchasing Nevco, Gayla spent many years in manufacturing and then consulting to manufacturers. She holds a BS in Computer Management from Eastern Illinois University, an MBA from Southern Illinois University in Edwardsville, and two APICS certifications: CPIM and CIRM. She is currently consulting to Nevco and most recently, working with Mitch Millstein at his firm, Supply Velocity.

Have questions about The Nevco Story – How to Make a 70 Yr Old Company Young and Vibrant Again? Contact Midwest Manufacturing Leaders

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The Lodge Des Peres
1050 Des Peres Rd.
St Louis, MO 63131

Friday, November 3, 2017 from 7:15 AM to 9:00 AM (CDT)


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Midwest Manufacturing Leaders

The Midwest Manufacturing Leaders is a LinkedIn / real world group focused on "Strengthening the Manufacturing Community" in the Midwest.

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The Nevco Story – How to Make a 70 Yr Old Company Young and Vibrant Again
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