2021 Exporter of the Year – Montalvo Corporation
The Exporter of the Year Award is presented to a manufacturer that has demonstrated an ongoing commitment to international trade through increased exports.
The Montalvo Corporation is a family-owned company in Gorham that has been manufacturing web tension control products since 1974. Montalvo sells to 70 countries across the globe and has operations in China and Europe. The company has remained open throughout the pandemic, and while Q2 and Q3 saw a drop in orders and service, business has rebounded since the fall. Their operations in China recovered first and saw a 30% increase in revenue in 2020. The federal Payroll Protection Program gave Montalvo the security it needed to launch two new initiatives in 2020, including entry into the composites control market with newly designed products that were developed with the help of over one million dollars in grants from the National Science Foundation.
“This award feels like a validation of our strategy and the teamwork we have at Montalvo,” says Montalvo Corporation CEO Robin Goodwin. “This is huge for us. We are a small, family-owned company, and all of us here are excited. We share this award with our employees.”