High Tech, Fast Growth,
Family-Owned
Joseph Losco started a small, mercury
vapor lamp manufacturing business in New Jersey in 1957. The niche product was
developed to cure ink on blueprints. Today, Superior Quartz Products is one of
the world's largest manufacturers of medium-and high pressure quartz lamps, used
for ultra bright lightning required by technologies including IMAX theater
projectors and the space shuttle. A custom manufactured lamp can cost from a few
hundred to almost $10,000.
The company is led by second generation
president Dennis Losco and his sons Dennis, Jr., corporate treasurer and
director of sales, and Jeffrey, engineering vice president. The company's 61
employees combine traditional craftsmanship with cutting-edge
technology.
Employees and customers both respond to the family business atmosphere. "The
company is secure, successful and growing fast. Employees feel like they are
part of the family. What more could you want?" Jack Sabo, non-family
operations told the Eastern Pennsylvania Business Journal.
"Their quality control is absolutely the
best in the quartz lamp industry," says a key customer. "I can talk to the top
people in the company whenever I need to, and they bend over backwards to
satisfy our needs."
The company continues to expand with new
products and international distribution based on a reputation for top quality at
competitive prices and committed ownership and management by the Losco
family.
Reprinted with permission from The Family Business Advisor, monthly
newsletter. Copyright 2001. Family Enterprise Publishers, Marietta,
Georgia.
800-551-0633,
www.efamilybusiness.com. All rights reserved.
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