ANKENY MICRO-MOLD COMPANY FINDS BIG SUCCESS IN SMALL PACKAGES

Accumold Wins Iowa Farm Bureau Entrepreneur of the Month Award

WEST DES MOINES, IOWA – October 29, 2010 –A family business that got its start in the back of a rented Ankeny, Iowa, garage in 1985 has grown into a micro-molding manufacturer with 24/7 production, 155 employees and a global clientele. Accumold’s incredible success in manufacturing and shipping of very tiny parts has earned the Ankeny company the Farm Bureau Renew Rural Iowa Entrepreneur of the Month award.

Accumold is a high-tech manufacturer of precision micro, small and lead frame injection molded plastic components. These components are used in a variety of items such as cell phones, optic devices, surgical tools, hearing aids, medical devices, antennas, connectors and more.

Though Accumold’s business and sales are global, Accumold President and CEO Roger Hargens says they choose to stay in Iowa. “Our people, the amount of brainpower that we have is great and it happens largely because of our relationship with Iowa State University and Des Moines Area Community College (DMACC). The talent pool for people who can come in and help us keep innovating is very strong right here in central Iowa,” says Hargens.

The President of the Des Moines Area Community College, Rob Denson, nominated Accumold for the Renew Rural Iowa Entrepreneur of the Month award. “We live to work with companies in our area, to make sure they have the right skilled workforce at the right time. Accumold has been extremely progressive; they partner with us, provide scholarship dollars for students who go through our tool and die and manufacturing program; they’re what helps to make DMACC as strong as it can be,” says Denson.

“Farm Bureau is happy to honor Accumold because home-grown companies like this are so important to the continued economic success of our state. Our young people need opportunities, need leaders, need to see that they have many career choices ahead of them, if they train and stay in Iowa,” says IFBF Polk County farmer, Rex Hoppes.

Farm Bureau’s Renew Rural Iowa program helps new and existing rural businesses grow and develop to achieve their best financial success. For more information about Renew Rural Iowa or upcoming VentureNet Iowa business mentoring seminars, call 800-254-9670 or log on to the Renew Rural Iowa website at www.renewruraliowa.com.

News Release