Fabricator recovers from financial crisis

The financial crisis of 2008 was seven years ago, but for many companies, it still affects them today. Mario & Son in Liberty Lake, WA, has experienced good times as well as tough times, but in the end, the company has weathered the storm.

In the 1990s and early 2000s, Mario & Son reached double-digit growth, and after several expansions, the company decided to build its own facility in 2005. In late 2008, the company moved into its now complete building, with revenues of nearly seven million dollars that year and for 2008 as well. In January of 2009 — after being in its new space for only a few weeks — the company’s business dropped over 65%. At the time, it had 45 employees, and it did its best to hold onto them — hoping that a speedy recovery was just around the corner.
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