Lollicup USA, a leading manufacturer and distributor of disposable beverage & foodservice products and coffee & tea supplies, is pleased to announce that it has been named on the Inc. 5000 list of fastest-growing privately held companies in America.
Considered to be one of America’s most prestigious entrepreneurial lists, the Inc. 5000 ranks Lollicup USA at no. 2912. The company was selected based on its success in improving its annual percentage revenue growth by 117% from 2009 to 2012. This achievement recognizes the company among an elite group of honorees that include LivingSocial, Microsoft, Zappos, Timberland, Vizio, and Jamba Juice.
“The Inc. 5000 was harder to get into this year than ever in its history. The median company on the list increased sales more than 140% since the start of 2010, while the average honoree grew a mind-boggling 468%,” stated Eric Schurenberg, Editor-in-Chief of Inc. magazine.
As the manufacturer of Karat disposable paper & plastic beverage and foodservice products, Lollicup USA is also a retailer & supplier of specialty beverage ingredients for thousands of retail business accounts, including several Fortune 500 restaurant franchisees. Founded in 2000 and based in City of Industry, CA, Lollicup USA’s annual revenue in 2009 came in at $21.1 million, and increased to $45.9 million in 2012.
“We’re very excited to be considered and named for such a prestigious list,” stated Alan Yu, Lollicup USA’s co-founder and CEO. “Our growth this year and next year will be significantly higher than 2012 and we hope it will increase our ranking next year.”