RAMSEY, N.J., Sept. 30, 2016 /PRNewswire/ -- Inc. Magazine has ranked ToiletTree Products (www.ToiletTreeProducts.com) Number 1117 on its list of the 5000 fastest growing privately held companies in the United States. ToiletTree Products has been ranked on the Inc 5000 list for the third year in a row, as No. 439 in 2014, No. 877 in 2015 and No. 1117 in 2016.
The 35th Annual List represents a comprehensive look at thousands of companies that have experienced tremendous growth and distinguishes them as the leaders in multiple business sectors. Companies are analyzed and ranked according to the percentage growth of their annual revenue over a three-year period.
"It is a tremendous honor to make the Inc. 5000 list for the third consecutive year", says ToiletTree Products Co-Founder, Steve Parisi. "This achievement of three consecutive wins makes us part of an elite group that has previously included companies like Microsoft, Timberland, Zappos.com, and Under Armour. We've seen significant growth over the past few years thanks to our customers and hardworking employees. Moving forward, we hope to continue our success, and expect to make the list again next year."
Growth has been steady, as revenue increased from $3.2 million in 2013 to $5.3 million in 2014 and $7.6 million in 2015. Sales in 2016 are expected to increase another 30%, with projections exceeding $10 million. The company also has an aggressive schedule to introduce another 20 new products in the 2016 calendar year. Product lines will expand in the following categories: bathroom accessories, skin care products, travel accessories, personal grooming, and oral care products.
"With our business growing at a rapid pace, it was necessary to move operations into a larger facility," says ToiletTree Products Co-Founder, Paul Parisi. "Not only did we need room for more inventory, but we also needed space for more employees. Our newest team member, Joe Matos, joined us this year as CFO. Joe is a key addition to the team and brings the experience and knowledge that will take our business to the next level."
The company is proud to be among the most elite group of America's entrepreneurial community and looks forward to continued success. ToiletTree Products can be found in thousands of brick and mortar locations throughout the US and Canada. Products are also available worldwide through ToiletTree Products website, Amazon and other major online retailers.
About ToiletTree Products
ToiletTree Products designs and manufactures innovative home and bath products. Every product comes with a 100% ToiletTree Products satisfaction guarantee and all ToiletTree Products are available on ToiletTreeProducts.com and Amazon.com.
For more information on and other products, visit the website or contact Steve Parisi, President, ToiletTree Products Inc.
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SOURCE ToiletTree Products Inc.