CHINO, Calif., Aug. 18, 2016 /PRNewswire/ -- Lollicup USA Inc., a leading manufacturer and distributor of disposable foodservice products and specialty beverage supplies, has been ranked on Inc. magazine's prestigious list of the 5000 fastest-growing private companies.
This is the fourth year in a row the company has been ranked. This year, Lollicup USA was 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.
Lollicup USA ranked among some of the biggest names in business, including Loot Crate, Dollar Shave Club, Bai Brands and many more.
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. The company also continues to increase its number of employees.
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.
Inc. 5000 companies will be honored at the Inc. 5000 conference and awards ceremony in San Antonio, Texas on Oct. 18-20. The full Inc. 5000 list is available on Inc. magazine's website.
About Lollicup® USA Inc.
Lollicup USA manufactures and distributes Karat paper and plastic disposable foodservice packaging products and Tea Zone® beverage ingredients for thousands of retail business accounts, including several Fortune 500 restaurant franchises. Lollicup USA is proud to provide a true ''one-stop solution'' for all beverage and foodservice needs. Please visit lollicupusa.com for more information, or contact us at [email protected].
Contact: Julia Gutierrez
Phone: (626) 965-8882
Email: [email protected]
SOURCE Lollicup USA Inc.