Equinox wins SBA award

Photo by Laura Williams

Photo by Laura Williams

ALBANY -- Mark Grimaldi, founder and President of Equinox Chemicals, said he was honored that his company was recognized by the Small Business Administration (SBA) as the 2010 Small Business Exporter of the Year in Georgia.

As a state winner, Grimaldi will be a guest at the SBA's annual awards luncheon in May in Washington D.C.

Grimaldi said the chemical company's success in the global marketplace is due to the diversity of products and services Equinox Chemicals provides its customers.

"Part of our plan in the beginning was to be as diverse as possible and to go after global customers. Its not been easy, but we are trying to be smart as a business and compete in a global marketplace," he said.

Equinox has developed international customers in more than six countries in Europe and Asia including France, Italy, Germany and South Korea. The company has also expanded its product line by specializing in the development of organic molecules used in pharmaceuticals, food, flavor, industrial coatings, polymers, alternative fuel and other specialty chemicals.

As Equinox embraced a more global market, strong support from The International Trade Center which assisted the company with identifying foreign buyers and advises the company on international methods of payments and shipping of hazardous materials.

In 2009, Grimaldi announced that Equinox Chemicals would be expanding the company's Albany headquarters. The move will ultimately create 40 new jobs.

Using financing from the SBA's 504 Economic Development Loan program that is designed to increase small business jobs, Equinox plans to begin $5 million expansion within the year.

Grimaldi started Equinox in 2003 with just two employees after working for Merck & Company for 13 years in various positions. Merck closed its Albany plant in 2007. Equinox currently employs 34 people.

In 2009, EDC named Equinox Chemicals Albany/ Dougherty County's Small Industry of the Year.