Cleveland, Ohio / News Release – Magnus International Group founder, president/CEO and co-owner Eric Lofquist is the Northeast Ohio winner of a 2012 Ernst & Young Entrepreneur Of The Year™ Award in the distribution and manufacturing category.

EOY Awards gala stage June 14 at the Ohio Theatre

Recognized as one of the most prestigious business distinctions worldwide, Ernst & Young has been saluting top innovators for 26 years. EOY programs held in more than 140 cities and in more than 50 countries have celebrated inspirational leaders from such companies as Google, Amazon, eBay, FedEx, Southwest Airlines, Starbucks, Groupon, LinkedIn and many more.

Finalists are presented before winners are announced

Lofquist was honored with other EOY winners and finalists at an awards gala last night at Playhouse Square in downtown Cleveland. There were approximately 70 entrants in this year’s Northeast Ohio Entrepreneur Of The Year competition.

Lofquist advances with local winners to the national EOY competition, which is part of the Ernst & Young Strategic Growth Forum® this November in Palm Springs, Calif. Winners from each country will later gather in Monte Carlo for the World Entrepreneur Of The Year event.

Eric accepts his Entrepreneur Of The Year Award

“We’re really thrilled for Eric and for what this kind of distinction means to the entire Magnus team,” says co-owner Scott Forster, who is also vice president and chief operating officer.

Forster teamed with Lofquist in 2007 to form Magnus, which is uniquely engaged in businesses that transform vegetable oils and naturally derived emulsions into sustainable global products. The company makes natural animal feed ingredients, natural industrial and consumer waxes, and alternative liquid fuels.

Ernst & Young founded the Entrepreneur Of The Year program to recognize innovative, resilient business leaders with a passion for thinking big, overcoming challenges, inspiring others, opening new markets and fueling economic growth. The EOY events celebrate their outstanding achievements, perseverance and tireless pursuit of business excellence. 
The Entrepreneur Of The Year accolade is Magnus’ sixth such honor since last year.

Magnus co-owners Eric Lofquist and Scott Forster celebrate their company’s success

Eric and Scott share the Entrepreneur Of The Year win with their wives, Dottie and Angela

Eric and Dottie Lofquist

Scott and Angela Forster

Magnus team with CFO John Malloy (bottom left) and Brouse McDowell attorney Keven Eiber (holding award with Scott)

Eric with Magnus marketing consultant Nicki Artese, who nominated him

About Magnus International Group
Founded in 2007, Magnus International Group is an award-winning manufacturer and distributor of natural animal feed ingredients, natural consumer waxes and alternative fuels. The company creates these proprietary products under its Hardy Animal Nutrition and Hardy Industrial Technologies brands by refining discarded food industry raw materials such as fats, oils and greases.

Magnus’ corporate office is in Cleveland, Ohio, and the company’s 25-acre production facility is located in Painesville Township, Ohio. There are only about 12 oleochemical plants in the U.S. and none are known to operate as uniquely and flexibly as Magnus or create the same outputs from products that are otherwise landfill-bound. The company partners with some of the world’s largest food production and consumer products organizations.


Magnus Media & Marketing Contact:
Nicki Artese / 216-932-2168