Strato, Inc. recently revealed that it is listed in the 2019 Top 250 Privately Held Companies by business journal NJBIZ. Strato’s position moved to 82, up from 179 in 2016.
Only New Jersey-based companies are eligible, and final selection is based on annual revenue over the prior two years. The list includes manufacturers, accounting and law firms, wholesalers and distributors, high-tech corporations, health care organizations and others.
Strato is a manufacturer of airbrake hoses and components, freight and passenger car parts, and castings and fabrications, and a provider of custom product design and engineering services. The company is based in Piscataway, N.J.
“We are very pleased with our higher ranking,” said Mike Foxx, Strato President and CEO. “Our continued growth is due to product line expansion and increased market share.”