BNET Industries

CTI Industries Corp.

(CTIB) is in the Manufacturing Industry

Market Cap:$5.8M
Last Fiscal Year Sales:$44.9M
  • Public
  • US
Dow Jones Description

CTI was organized in 1976 and has been engaged in the manufacturing of laminated films for food packaging, medical applications, beauty care products, and many more. We have insured our future in this industry through our investment in the latest printing and lamination technology. CTI maintains its position as a leader in development, designs, quality, and innovation.

Chairman and Executive Vice President
John H. Schwan
Number of Employees 330
Contact Information

22160 N Pepper Rd

Barrington, Illinois 60010

www.ctiindustri...

(847) 382-1000

NAICS Code Fabric Coating Mills: 313320

Recent Events

  • CTI Industries Corporation Reports Third Quarter 2009 Financial Results

    11/11/09 - Financial Announcement - View Story

News & Analysis

cti industries corp. - All News and Analysis

Decision Makers

Name (plus bio) Position
Howard W. Schwan President
Stephen M. Merrick CFO, E-Mail
Brent Anderson Vice President
Samuel Komar Vice President, Marketing
Steve Frank Vice President Sales
Timothy Patterson Vice President Finance
Rick Sherman Sales Manager

Board of Directors

Name (plus bio) Position
John H. Schwan Chairman and Executive Vice President
Bret Tayne Board of Directors
John I. Collins Board of Directors
Michael Avramovich Board of Directors
Phil Roos Board of Directors
Stanley M. Brown Board of Directors

Array

Organization Position Status
CTI Industries Corporation Chairman, CEO Current
North Park University BA Former

HOWARD W. SCHWAN, age 54, President. Mr. Schwan has been associated with the Company for 28 years, principally in the management of the production and engineering operations of the Company. Mr. Schwan was appointed as Vice President of Manufacturing in November, 1990, was appointed as a director in January, 1996, and was appointed as President in June, 1997.

Organization Position Status
CTI Industries Corporation President Current
CTI Industries Corporation Board of Directors Current

STEPHEN M. MERRICK, age 67, Executive Vice President, Chief Financial Officer, and Secretary. Mr. Merrick was President of the Company from January 1996 to June 1997 when he became Chief Executive Officer of the Company. In October 1999, Mr. Merrick became Executive Vice President. Mr. Merrick is of Counsel to the law firm of Vanasco Genelly & Miller of Chicago, Illinois and has been engaged in the practice of law for more than 40 years. Mr. Merrick is also Senior Vice President, Director and a member of the Management Committee of Reliv International, Inc. (Nasdaq), a manufacturer and direct marketer of nutritional supplements and food products.

Organization Position Status
CTI Industries Corporation CFO, E-Mail Current
CTI Industries Corporation Board of Directors Current
CTI Industries Corporation Secretary, Executive Vice President Former
CTI Industries Corporation Secretary, Executive Cp Former

BRENT ANDERSON, age 40, Vice President-General Manager, Bag Division. Mr. Anderson has been employed by the Company since January, 1989, and was named Vice President of Manufacturing in 2006. Mr. Anderson has held several managerial positions within the company including Vice President, Manufacturing, Plant Engineer and Plant Manager. In such capacities Mr. Anderson was responsible for designing and/or installing much of the Company's manufacturing equipment. Mr. Anderson earned a Bachelor of Science Degree in Manufacturing Engineering from Bradley University.

Organization Position Status
CTI Industries Corporation Vice President Current
Bradley University Bachelor of Science Degree In Manufacturing Engineering Former

SAMUEL KOMAR, age 52, Vice President of Marketing & Creative. Mr. Komar has been employed by the Company since March of 1998, and was named Vice-President of Marketing & Creative in September of 2001. Mr. Komar has worked in sales for more than 25 years, and prior to his employment with the Company, Mr. Komar was with Bob Gable & Associates, a sporting goods manufacturer sales agency. Mr. Komar received a Bachelor of Science Degree in Business Administration and Marketing from Indiana University.

Organization Position Status
CTI Industries Corporation Vice President, Marketing Current
Indiana University Bachelor of Science Degree In Sales and Marketing Former

STEVEN FRANK, age 46, Vice President of Sales. Mr. Frank has been employed by the Company in a sales capacity since July, 1996. Mr. Frank was hired as Sales Manager Wholesale Division and in March 1998 was promoted to National Sales Manager and most recently to Vice President of Sales in May 2005. Mr. Frank is responsible for all sales functions of the Novelty Division.

Organization Position Status
CTI Industries Corporation Vice President Sales Current

TIMOTHY PATTERSON, age 48, Vice President of Finance and Administration. Mr. Patterson has been employed by the Company as Vice President of Finance and Administration since September, 2003. Prior to his employment with the Company, Mr. Patterson was Manager of Controllers for the Thermoforming Group at Solo Cup Company for two years. Prior to that, Mr. Patterson was Manager of Corporate Accounting for Transilwrap Company for three years. Mr. Patterson received a Bachelor of Science degree in finance from Northern Illinois University and an MBA from the University of Illinois at Chicago.

Organization Position Status
CTI Industries Corporation Vice President Finance Current
Transilwrap Company, Inc. Manager Former
University of Illinois at Chicago MBA Former

Organization Position Status
CTI Industries Corporation Sales Manager Current

BRET TAYNE, age 50, Director. Mr. Tayne was appointed as a director of the Company in December 1997. Mr. Tayne has been the Managing Director of Intrepid Tool Industries, LLC, which is a successor to Everede Tool Company, a manufacturer of industrial cutting tools, since January 1992. Prior to that, Mr. Tayne was Executive Vice President of Unifin, a commercial finance company, since 1986. Mr. Tayne received a Bachelor of Science degree from Tufts University and an MBA from Northwestern University.

Organization Position Status
CTI Industries Corporation Board of Directors Current
Northwestern University MBA Former
Tufts University Bachelor of Science Degree Former

JOHN I. COLLINS, age 48, Director. Mr. Collins is the Chief Administrative Officer and the former Chief Financial Officer of Members United Corporate Federal Credit Union (“Members”), a $15 billion wholesale financial institution located in Warrenville, Illinois. Prior to his affiliation with Members in 2001, Mr. Collins was employed as both a Controller and Chief Financial Officer by Great Lakes Credit Union (“GLCU”), a $425 million financial institution located in North Chicago, Illinois. Mr. Collins is currently the President of the Illinois Credit Union Executives Society, a board member of Member Health Network, wholly owned subsidiary of Members providing health banking and a former member of the Chicago Federal Reserve Bank Advisory Group. Mr. Collins received a Bachelor of Arts degree in Economics, History and English from Ripon College, and a Masters in Business Administration from Emory University. Mr. Collins has also participated in the Kellogg Management Institute and the Consumer Marketing Strategy programs at Northwestern University on a post-graduate basis.

Organization Position Status
CTI Industries Corporation Board of Directors Current
Emory University Masters In Business Administration Former
Ripon College Bachelor of Arts Degree In Economics, History and English Former

Organization Position Status
North Park University Professor of Business Current
CTI Industries Corporation Board of Directors Current
The John Marshall Law School Adjunct Professor Former
National-Louis University Associate Professor of Accounting and Finance Former
Touche Ross & Co. Former
The John Marshall Law School Juris Doctorate Former
Georgetown University Law Center Ll.M. Former
North Park University Bachelor of Arts Degree In History and International Relations Former

Organization Position Status
Arbor Strategy Group, Inc. Chief Executive Officer Current
Arbor Strategy Group, Inc. President Current
CTI Industries Corporation Board of Directors Current
Little Caesars Enterprises, Inc. Senior Vice President of Marketing Former
Discovery Group LLC Co-Founder Former
Arbor Strategy Group, Inc. Founder Former
Arbor Strategy Group, Inc. Seasoned Line Manager Former
Quaker Oats Company Brand Manager Former
Arbor Strategy Group, Inc. Consultant Former
Miller Brewing Company Former
Mol-Son Former
Monsanto Company Former
Little Caesar Former
Schering-Plough Corporation Former
Pepsi-Cola Former
Harvard University Mba Former
University of Michigan Bba Former

STANLEY M. BROWN, age 61, Director. Mr. Brown was appointed as a director of the Company in January, 1996. Since March, 1996, Mr. Brown has been President of IRSI, Inc., a manufacturer and lessor of in-room vending systems for hotels and of inventory control equipment for manufacturers. From 1968 to 1989, Mr. Brown was with the United States Navy as a naval aviator, achieving the rank of Captain.

Organization Position Status
Irsi President Current
CTI Industries Corporation Board of Directors Current
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     CTIB $2.14 -0.09 (-4.03% )
Average Volume 7,340
Shares Outstanding 2.74M
Market Cap 5.9M
Year High 2.84
Year Low 1.2
Earnings Per Share 0.30
P/E Ratio 7.13
Dividend N/A
Yield N/A
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