July 26, 2023
Top 40 Suppliers 2023: No. 17 The Magnet Group
Counselor’s exclusive ranking of the suppliers with the most revenue in the promotional products industry.
The Magnet Group
(asi/68507)
Company Snapshot
Revenue figures are in $millions
Previous Rank: 14
2022 Revenue: $99.7
2021 Revenue: $95.1
Year-Over-Year Difference: 4.8%
2020 Revenue: $89.3
2019 Revenue: $121.4
Top Company Officer: Bill Korowitz, CEO
Year Founded: 1986
Headquarters: Alpharetta, GA
Financials Certified By: Dan Jellinek, Executive VP
The Washington, MO-based supplier cites an increase in inventory post-COVID, additional staff in sales and customer service, and a general return to in-person meetings and trade shows for its revenue increase of 4.8%. By the end of this year, executives say they expect to increase revenue by 10% compared to 2022. Last fall, the company partnered with Belgian retail drinkware brand and certified B Corp Kambukka to bring its sustainable hard goods to the North American promo market, while CEO Bill Korowitz made the Counselor Power 50 list for the 14th time.