Globe is proud to accept MassEcon Award for the Southeast region at the 20th Annual Team Massachusetts Economic Impact Awards.
Boston, MA, Feb 21, 2024 – Globe Composite Solutions, a subsidiary of ESCO Technologies Inc. (NYSE: ESE) today announced that it has been awarded Silver for the Southeast region, in the 2024 Team Massachusetts Economic Impact Awards, MassEcon’s 20th annual celebration of organizations for their outstanding contributions to the Massachusetts economy.
MassEcon selected the finalists based on their job growth, facility expansion, investment, ED&I practices, and community involvement. The finalists collectively have added nearly 9,000 jobs to the Commonwealth, invested more than $1.1 billion, and expanded their facilities by more than 1 million square feet.
Joe McCadden, Globe’s President, commented, "Globe is proud to be selected as a winner by MassEcon at the Team Massachusetts Economic Impact Awards ceremony, and is equally proud to be part of the vibrant business community in Massachusetts. This award reflects the dedication and expertise of our employees. Our company was originally founded in 1890 as a rubber company in downtown Boston, and knows how special this state is, as a source of engineers, skilled labor, and innovation of all kinds."
MassEcon, the state’s private sector partner in promoting business growth in Massachusetts, recognized 14 companies for their outstanding contributions to the Massachusetts economy. The companies were selected on the basis of job growth, facility expansion and investment, community involvement, and commitment to diversity, inclusion, and equity initiatives since January 1, 2023. The winners span from Greater Boston to Western Massachusetts, range in size and are drawn from technology, life sciences, transportation, fulfillment, behavioral health, manufacturing, beverage, and more. They will be honored at a ceremony on April 11, 2024, at Gillette Stadium in Foxborough, with Citizens as presenting sponsor.
“Thank you to all of the winning companies for their continued investment in Massachusetts,” said Bonnie Sullivan, MassEcon Chair and Vice President at Middlesex Savings Bank. “We’re fortunate to have businesses representing a diversity of industries expanding throughout the state, adding jobs, and increasing their square footage in 2023.”
“This year’s winners have demonstrated their commitment to Massachusetts and they are powerful examples of the strength and range of successful companies that contribute to our economy,” said Lisa Murray, President of Citizens, Massachusetts. “Citizens is again proud to support MassEcon as it works tirelessly to help companies reach their full potential and to celebrate Massachusetts as the top destination for business.”
About MassEcon
MassEcon’s mission is to promote and champion Massachusetts as the best place to start, grow and locate a business. Built upon a robust network of corporate and civic members, MassEcon convenes public and private sector leaders of industry to create an inclusive business ecosystem that enhances job growth across a diverse talent pool; promotes investment in all communities; expands equitable opportunities throughout the Commonwealth. www.massecon.com.
About Globe Composite Solutions
Globe Composite Solutions is a Design-to-Manufacturing company, providing design, material, and process expertise to create composite-based solutions for Defense and Industrial customers. We create solutions that allowing our customers to effectively accomplish their mission. CMT Materials designs and manufactures the HYTAC® line of composite tooling materials, which is the world standard for thermal management and reduced plastic use in thermoformed packaging. Engineered Syntactic Systems (ESS) designs and manufactures syntactic foams that provide the lowest densities/ highest strengths for subsea buoyancy, and lightest weight as a structural protection when flame and toxic smoke is a concern. CMT and ESS are divisions of Globe Composite Solutions, which is a wholly owned subsidiary of ESCO Technologies (NYSE: ESE). For more information, visit: www.globecomposite.com.
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