Lollicup® USA Inc., a leading manufacturer and distributer for disposable beverage and food supplies, is pleased to announce that it has been named to Inc. 5000’s Hall of Fame for ranking for the fifth year in a row on their prestigious list.
Lollicup USA made the list again this year at no. 3,126 because of their continual outstanding growth. They grew by 105% from 2014 to 2016 with annual revenues reaching over $123 million.
The companies on the list are an elite group with alumni including: Zappos, Microsoft, Jamba Juice, Pandora, and Patagonia, just to name a few. The list is the most prestigious ranking of the nation’s fastest growing private companies. The average company on the list achieved a mind-boggling three year average growth of 481%. The Inc. 5000’s aggregate revenue is $206 billion, and the companies on the list collectively generated 619,500 jobs over the past three years. It’s impressive when you compare it to the 6.7% that the economy grew last year.
“The Inc. 5000 is the most persuasive evidence I know that the American Dream is still alive,” said Inc. President and Editor-In-Chief Eric Schurenberg. “The founders and CEOs of the Inc. 5000 tell us they think determination, risk taking, and vision were the keys to their success, and I believe them.”
Only ten percent of this elite group make it into the Hall of Fame. Lollicup’s CEO Alan Yu said, “We are proud to be included in such an elite group. I attribute our success to forward thinking and seeing the possibilities when others don’t. “When asked about Lollicup’s future and their next move, Yu responded with, “We are already discontinuing certain products that are not recyclable in our efforts to make our products more eco-friendly, recyclable, and compostable. We aim to be leaders in the industry.”
About Lollicup USA
Lollicup®USA, Inc. is a premier beverage and disposable goods supplier and manufacturer, a one-stop-shop to the foodservice industry. Lollicup has developed four distinct brands such as: Karat®, Karat® Earth (eco-friendly), Tea Zone®, and Total Clean. They have also expanded their production and distribution to ensure their customers have superior customer service, fast delivery, and the latest industry innovations. Please visit www.lollicupusa.com for more information.
About Inc. Media:
Founded in 1979 and acquired in 2005 by Mansueto Ventures, Inc. is the only major brand dedicated exclusively to owners and managers of growing private companies, with the aim to deliver real solutions for today’s innovative company builders. Winner of the National Magazine Award for General Excellence in both 2014 and 2012. Total monthly audience reach for the brand has grown significantly from 2,000,000 in 2010 to over 18,000,000 today. For more information, visit www.inc.com.
SOURCE Lollicup USA Inc.