7 black firms in Md. slip in annual ranking

May 12, 1994|By John E. Woodruff | John E. Woodruff,Sun Staff Writer

Seven of the state's biggest black businesses slipped downward, two rose and one new Maryland entrant appeared yesterday as Black Enterprise magazine published its listings of the country's top black-owned establishments based on 1993 sales.

In what the magazine called "one of the best years ever" for top black-owned companies, Stop Shop and Save supermarkets, of Baltimore, the state's highest-ranked black-owned company, with sales of $64.02 million in 1993, slipped from No. 16 in the 1992 sales rankings to No. 21 for 1993 on the magazine's list of the top 100 industrial and service companies. Community Foods, Inc., owner of Super Pride markets, remained second in Maryland, with 1993 sales of $47.5 million, but slipped from No. 20 to No. 28 in the nation.

The big year pushed the combined revenues for companies on the Black Enterprise lists of the top 100 industrial and service companies and the top 100 auto dealers past $10 billion for the first time.

But that surge, amounting to 13.9 percent sales growth for the 200 companies on the two lists, was due largely to the strong recovery in U.S. automobile sales, and Maryland does not have an entrant on the Black Enterprise 100 auto dealers list.

"After a decade of being on the outside looking into the showroom windows of Japanese dealerships, African-American auto dealers were perfectly positioned for the domestic auto industry's return to competitiveness," the magazine says.

The two Maryland businesses that rose on the list and the new entrant are all based in the Washington suburbs.

Sylvest Management Systems Corp., of Lanham, a computer systems and engineering company with $37 million in sales in 1993, leapt from No. 65 to No. 37 on the list of industrial and service companies. R.O.W. Sciences Inc., of Rockville, a $31 million biomedical and health services and research concern, rose from No. 63 to No. 49.

The new entrant is Texcom Inc. of Landover, a $19.5 million telecommunications service firm that is No. 84 on the new list.

The biggest drop in ranking among Maryland companies was Parks Sausage Co., which slipped from No. 61 to No. 71.

BLACK ENTERPRISE LIST

The following are Maryland-based companies included in Black Enterprise magazine's list of leading black-owned firms in the United States, listed by category and ranking. Last year's ranking, based on 1992 sales, is in parentheses.

100 INDUSTRIAL/SERVICE COMPANIES

21. Stop Shop and Save, Baltimore, supermarkets, $64.02 million in 1993 sales. (16)

* 28. Community Foods Inc. (Super Pride Markets), supermarkets, Baltimore, $47.5 million in 1993 sales. (20)

33. The Maxima Corp., Lanham, computer systems, $41.11 million in 1993 sales. (25)

* 37. Sylvest Management Systems Corp., computer systems, $37 million in 1993 sales. (65)

* 49. R.O.W. Sciences Inc., Rockville, biomedical and health services and research, $31 million in 1993 sales. (63)

* 55. Automated Sciences Group Inc., Silver Spring, information and sensor technologies, $28 million in 1993 sales. (48)

* 71. Parks Sausage Co., Baltimore, sausage maker, $22.886 million in 1993 sales. (61)

* 77. Stephens Engineering Co. Inc., Lanham, computer integration and maintenance, $20 million in 1993 sales. (70)

* 84. Texcom Inc., telecommunications, Landover, $19.39 million in 1993 sales. (not ranked)

25 FINANCIAL COMPANIES

22. The Harbor Bank of Maryland, Baltimore, $61.741 million in 1993 assets. (21)

15 INVESTMENT BANKS

5. The Chapman Co., Baltimore, $33.1 million in senior-managed issues. (N.A.)

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