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2013 Business Journal A Section

2013 Business Journal A Section

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Published by The Delphos Herald
2013 Business Journal A Section
2013 Business Journal A Section

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Published by: The Delphos Herald on Mar 29, 2013
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B
usiness
 J
ourna
l
OF WEST CENTRAL OHIO
THE
April 2013
The Region’s Business Publication
www.businessjrnl.com
•EldeCare6,7Hospitals10,11Manufacturing12,13•BusinessBanking14,15,16
INSIDE
 
Two great products one great company!
1-800-758-0307
WWW.KBUILDINGS.COM
Cotterman & Companyto Celebrate 35th Anniversary
In the year 2013Cotterman & Companywill celebrate its 35thanniversary of roongexcellence.Cotterman & Com-pany has been a pio-neer in the commercialroong industry since1978. Family-owned and operatedfor two generations, the companyinstalled and warranted more than30,000,000 square feet of roong.In the early years, the com-pany had employed just a handfull of employees and serviced theShelby/Auglaize County region.Currently, they have over 75employees servicing the en-tire state of Ohio as well aseastern Indiana. The majorityof their projects are locatedbetween Findlay, Dayton,and Columbus corridor.The second generationAndy and Mike Cottermanacquired full ownership in 2009from Max R. Cotterman, their fa-ther and founder. The company hascontinued substantial growth sincethe transaction. “We continue tooperate under the core principlesMax practiced. I believe this di-
A northwest Ohio company,headquartered in Delphos, recentlycompleted an expansion. K&MTire, a wholesale tire distributor, islocated in 11 states and 16 cities in-cluding Toledo, Detroit, and GrandRapids. The expansion was com-pleted in January 2013.The company’s expansion in-cluded 6,000 additional squarefeet of ofce space and 100000 ad-ditional square feet of warehousespace at its Delphos headquarters.Ken Langhals, president of K&M Tire, attributed the need forthis expansion to K&M Tire’s re-cent acquisition of Triton Tire, in-cluding six warehouses in Minneso-ta, North Dakota, Iowa, Nebraska,and Kansas.New warehouse and ofceequipment were added to the ex-panded space. This included newracking in the warehouse for thetires and additional desks and parti-tions in the new ofce space.The total amount of investmentin this project is over $2.5 millionand it created around 15 new jobs,according to Langhals. Accord-ing to Bonnie Marlow, K&M Tiremarketing manager, a variety of positions were added. The companyhired new warehouse employeesand delivery drivers.“Additionally, we recently add-ed a bilingual inside sales represen-tative, enlarged the marketing staff,and additional ofce staff,” Marlowstated. “Some things we alwayslook for in a good employee includehaving a great customer service at-titude and good work ethic.”Marlow noted the created jobsadded approximately $525,000 tothe company’s annual payroll. Thecompany currently has over 350employees across its locations with130 at the Delphos headquarters.According to Marlow, the 130 em-ployees includes warehouse work-ers, route drivers, inside sales staff,accounts receivable, accounts pay-able, human resources, IT, inven-tory, logistics, marketing, and man-agement.The general contractor for thisexpansion project was UnverferthConstruction from Kalida. Thearchitect was Technicon DesignGroup from Ottawa.Marlow stated that the Delphosfacility is very “green.” She notedthe lighting in the warehouse is setup in zones with motion detectors.“The entire facility in Delphosuses geothermal heat,” Marlowcommented.She noted that the company doesnot provide any support to dealersfor tire recycling but it is planningon developing such a program inthe future. Apart from selling tires,Marlow stated the company part-ners with its customers to help cus-tomer businesses.“We recognize when our cus-tomers grow and succeed, we willcontinue to grow and succeed,”Marlow stated. “Our outside salesrepresentatives don’t just sell tires,they work as business consultants
Headquartered inFindlay, Ohio, OhioLogistics has seen atremendous amountof growth in the last21 years and is nowexpanding into the g2revolution building at 14601C.R. 212. Their steady growthin the Findlay area as well asacross the United States allowsOhio Logistics to respond to theircustomer’s increased needs in theregion. While Ohio Logisticsmaintains facilities in Ohio, Indi-ana, Georgia, Pennsylvania, NewYork, Kentucky and Wisconsin,this new location will allow themto have a closer proximity to theirlabor resources and their grow-ing customer base in the Findlay
Logistic company expands
K&M Tire expands headquarters
   T  h  e   B  u  s  i  n  e  s  s  J  o  u  r  n  a  l   4  0  5   N .    M  a  i  n  S  t .    D  e  l  p  h  o  s ,   O   H  4  5  8  3  3
    P    R    S    T    D    S    T    D     U  .    S  .    P   o   s  t   a   g   e     P    A  I    D     D   e l   p   h   o   s  ,    O    H     P   e  r     m i  t    N   o  .   2  1
See ANNIVERSARY, page 8See LOGISTIC, page 8See K&M, page 8
 
2
The
Business
Journal
 April2013
Business
Journal
THE
ofWestCentralOhio
Volume22,No.4Publisher:DonaldR.HempleContributingWritersJeffreyGitomer  Advertising:DonaldR.Hemple
TheBusinessJournalismailedtothetopbusinessleadersinthe13-countyregionofWestCentralOhio.Althoughinformationisgatheredfromsourcesconsideredtobereliable,theaccuracyandcom-pletenessoftheinformationcannotbeguaranteed.InformationexpressedinTheBusinessJournaldoesnotconstituteasolicitationforthepurchaseorsaleofanyproducts.Copyright,TheBusinessJournalofWestCentralOhio,2006,Allrightsreserved.Reproductionoruse,withoutwrittenpermissionofeditorial,photographicorothergraphiccontentinanymannerisprohibited.TheBusinessJournalispublishedmonthlyat405N.MainSt.,Delphos,OH45833
ContactUsTelephone419-999-4762DonHemple419-695-0015ext.138MarilynHoffman419-695-0015ext.131StacyPrine419-695-0015ext.129tollfree800-589-6950
Mail405N.MainSt.,Delphos,OH45833-1598
Forinformationconcerningnews,advertisingandsubscriptione-mailusat:dhemple@delphosherald.comorbizjrnl@delphosherald.comwww.businessjrnl.com
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TheBusinessJournalDistributedin13counties...
 ALLEN,AUGLAIZE,DEFIANCE,HANCOCK,HENRY,MERCER,PAULDING,PUTNAM,SHELBY,VANWERT,
WOOD,HARDIN,LOGAN
 
 April2013
The
Business
Journal
3
Minster, Dayton & Columbus(800) 713- 3190www.CottermanRoofng.com
otterman &ompany 
INC.
INDUSTRIAL & COMMERCIAL ROOFING 
19782013
TRUST EXPERIENCE • TRUST COTTERMAN
The National Association of Credit Management’s eco-nomic report for February 2013 depicts a stalled economy.Political and economic concerns appear to weigh moreheavily on the manufacturing sector, while data from theservice sector shows progress.Columbia, Maryland: February 28, 2013—The Nation-al Association of Credit Management’s (NACM’s) CreditManagers’ Index (CMI) for February is exactly the same asit was in December—54.9. This is just slightly better than itwas in January when the index fell to 54.6.
For all intents and purposes, the readings suggest thatthe economy has stalled. The interesting movements arein the individual factors where there is actually some bet-ter news overall. The favorable factor index is up to justbelow where it was in November, at 59. This is a slightimprovement from January, and the gains occurred in im-portant factors. Sales jumped, taking the reading back tolast year’s levels.
“The strength of this indicator can’t be overlooked, asthis signals substantial activity despite all the concerns reg-istered over the ‘fiscal cliff,’ the debt ceiling and the seques-ter” said NACM Economist Chris Kuehl, PhD. “However,the impact has been hard to figure out. On the one hand, it ispretty obvious that the lower GDP number from the fourthquarter was directly related to fiscal cliff concerns withinthe business community, but the latest revisions show no dipinto recession as first thought.”The data coming from the Purchasing Managers’ Indexshows similar variability, and other signs within the rest of the CMI’s favorable factors point to continued confusionand caution, Kuehl noted. The unfavorable factor indexrose from 51.9 to 52.2.In general, there was either significant progress or stabil-ity in the factors. Of note, rejections of credit applicationsfell, but it is still higher than the majority of the readings inthe last year. The trend seems to indicate that most of thoseseeking credit are qualified and most are getting the creditthey apply for. “The overall impression is of a steady state,with a slight movement in a positive direction,” said Kuehl.“What makes all of this interesting is that it is taking placeagainst a backdrop of political drama that many believe willcause serious economic dislocation before all is said anddone, and it seems to be the manufacturing sector that isharboring the most concern.”Decisions in manufacturing have to be made in advance,making this industrial sector generally more cautious andreluctant to make long-term plans. The negatives thatcaused the manufacturing index to decline just slightly to53.6 seem to have come from the sector’s favorable fac-tors, the most serious of which was new credit applications,which slipped to the lowest since November and the secondlowest in the last year.“The overall takeaway for the manufacturing sector isthat there appears to be some pent-up demand for growth,but there are also inhibitions that seem to stem from thepolitical wrangles,” said Kuehl.In the service sector, there was some pretty good news,with the gains helping to offset the slips in the manufactur-ing data. The service sector index improved to 56.2, result-ing in the combined index looking more positive. The mostimpressive gain occurred in sales given that this is not thestrong season for the retail community. The sense from theservice side is that some of the more stressed sectors aremaking a bit of a comeback, with housing at the top of thelist.“A couple of conclusions can be reached from the data,”said Kuehl. “It is either a testament to the fact that businesscan ignore political gyrations and grow anyway, or it meansthat the economy would be growing that much faster if allthe political histrionics were not a factor.”The complete CMI report for February 2013 containsmore commentary, complete with tables and graphs. CMIarchives may also be viewed on NACM’s website. Aboutthe National Association of Credit Management NACM,headquartered in Columbia, Maryland, supports more than15,000 business credit and financial professionals world-wide with premier industry services, tools and informa-tion. NACM and its network of affiliated associations arethe leading resource for credit and financial managementinformation, education, products and services designed toimprove the management of business credit and accountsreceivable.NACM’s collective voice has influenced federal legis-lative policy results concerning commercial business andtrade credit to our nation’s policy makers for more than 100years, and continues to play an active part in legislative is-sues pertaining to business credit and corporate bankruptcy.Its annual Credit Congress is the largest gathering of creditprofessionals in the world. Source: National Association of Credit Management
Credit Managers’ Index Rebounds to December’s Level of 54.9

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