Corporate Information
Corporate Background
Performance Coatings Inc. (PCI) is a California Domestic Stock Corporation founded July 1, 1983. The Chairman of the Board and Chief Executive Officer of PCI is Dr. Barbara Newell. The company headquarters and manufacturing plant is located in Ukiah, California.
PCI manufactures and markets a complete line of both exterior and interior natural wood finishes under the Penofin® label. Made from the highest-quality ingredients, Penofin wood finishes are available in two formulas; original oil and low volatile organic compound (V.O.C.) oil.
Corporate Achievements
Named to the Inc. Magazine list of the 500 fastest-growing, privately held companies in America for three consecutive years beginning in 1986; Performance Coatings Inc. was also named the fastest-growing paint company in America.
In a foreword to the list, the editors of Inc. 500 stated, "These companies are the entrepreneurial driving force of America's new competitive economy." The Inc. 500 list is published yearly by Inc. Magazine. To qualify for inclusion in this elite entrepreneurial group, a company must be independent and privately held. The rankings are based on the percentage increase in sales during a five-year period. During the base year, sales must have been between $100 thousand and $25 million. And during the fifth year, sales must have been greater than the year before.
In 1988, PCI was honored by Inc. Magazine for being one of only eight companies to make the list three years in a row.
In 1994, PCI was listed in Chemical Week magazine as a "Hot Prospect." This distinction goes to small, fast-growing entrepreneurial firms with sales under $100 million. In 1994, Ms. Newell was awarded the Women in Coatings Leadership Award at the annual meeting of the National Paint & Coatings Association in New Orleans.
In 1995 and 1996, PCI made Paint and Coatings Industry magazine's top 100 list. The list ranks the top 100 paint companies in America.
Corporate Affiliations
PCI is affiliated with several industry organizations. The National Paint and Coatings Association (NPCA) which is a national organization designed to inform members about the changing business, legislative and regulatory environments. The NPCA is also a lobbyist for the paint industry in Washington, D.C.
Performance Coatings Inc. is an active member of the North American Wholesale Lumberman's Association (NAWLA), an organization designed to assist members with the ever-increasing challenges facing the lumber industry. It brings together lumber producers and manufacturers in a mutually beneficial networking environment.
Penofin is recognized by the California Redwood Association and the Western Red Cedar Association because of its longevity as a company and because of the quality of its products.
PCI has been a member of the local Chamber of Commerce since its inception. PCI is also a member of the Mendocino County Employees Council, an employees group that works within Mendocino County on specific issues to the area. It feels it is important that companies support their local organizations.
