For the fourth consecutive year, Lollicup USA was added to the Inc. 5000. However, this year the company ranked higher on the list than it ever has before. In 2013 the company ranked no. 2912, in 2014 no. 2939 and 2015 no. 3267. This year Lollicup USA ranked no. 2908 on the list.
Placement on the Inc. 5000 list is determined according to the percentage growth of a company’s annual revenue. A 3-year growth rate determines which companies make the cut, and where they place on the list.
This year, the company’s revenue grew 118 percent over the past three years, and had $100.2 million in 2015. Lollicup USA is committed to continuing its growth streak, with more sales and new Karat products launching regularly.
In addition to this growth, the company has also been expanding into other parts of the United States.
Lollicup USA recently opened a fourth warehouse, which is located in Wilmer, Texas. The company has also begun plans to build a manufacturing facility in Rockwall, Texas. This will be Lollicup USA’s second US-based manufacturing plant.