FRANCESVILLE — Fratco’s the name. But what’s their game?
Francesville company Fratco Inc. was named one of this year’s “Companies to Watch” by a coalition of Indiana state governmental and economic development agencies. It was one of 33 companies picked from a pool of more than 300 companies nominated.
To receive the “Companies to Watch” award, Hoosier businesses had to employ six to 150 full-time workers and generate between $750,000 and $100 million in annual revenue, according to a press release from the office of state Rep. Douglas Gutwein (R-Francesville).
Presented by the Indiana Small Business Development Center, Indiana Economic Development Corporation and the Edward Lowe Foundation, 33 Hoosier businesses received the award. Together they were projected to create 345 new jobs this year and generate $422 million in revenue.
Fratco was likely the oldest company in the group — it celebrates its 90th anniversary this year — but “in a lot of ways they’re very young,” said Pulaski County Economic Development president Nathan Origer.
Origer said he nominated the company for the award because of its recent growth — employing 25 percent more people just in the last two years, he said — and the company’s commitment to local involvement.
“They have shown a lot of involvement in the community,” said Origer, “while they have grown.” Part of that shows up in the Francesville Fall Festival going on this weekend, he said, which Fratco has taken part in for many years. Fratco management is also heavily involved in PCED’s development efforts, Origer added.
Fratco, located at 4385 S. Pulaski County Road 1450 West, manufactures plastic drain pipes and sells drainage tile. Its current owner and president, Chris Overmyer, is the fourth generation of the Overmyers to run the company. His great-grandfather, E. C. Overmyer, purchased the company in 1923, when the company was making clay pipes. Chris Overmyer bought out his father in 2006.