Inc. magazine has ranked laminating and binding supply company Lamination Depot in position 3,138 on their 2015 Inc. 500|5000 list, which recognizes the fastest-growing, privately-owned companies. Lamination Depot ranks no. 260 among all companies listed in the Business Products & Services category and no. 465 among Business Products & Services companies within California. This is Lamination Depot's fourth appearance on the list, after their debut on the 2012 Inc. 500 | 5000 and subsequent appearances on the 2013 and 2014 editions.
Over the course of the evaluation period, which spanned from 2011 through 2014, Lamination Depot increased their revenue by 109% and nearly doubled their staff. Among the contributing factors to this growth are the expansion of their own supply and equipment brands, the addition of new vendors to their supply chain, and an increased emphasis on lowering operational costs. During the past year, Lamination Depot has focused on cost-saving measures and business efficiencies that have enabled them to pass additional discounts along to their customers. Building upon the successful launch of TruBind and TruLam – Lamination Depot's own line of branded supplies and equipment – in early 2014, they added dozens of new private-label products throughout the year. Additionally, Lamination Depot has increased their workforce by more than 75% over the three-year evaluation period, which has allowed them to continue providing the same level of service to their growing customer base.
"To be included on the Inc. 500|5000 list is an immense honor, but making our fourth consecutive appearance on the list is an accomplishment that is cherished by every member of our team," says Paul Godfrey, Founder and President of Lamination Depot. "Our staff has been diligent in seeking out new methods for reducing our operational costs and finding innovative ways to make every aspect of our company more efficient, which has given us the opportunity to help our customers save even more. It is our drive for continuous improvement and constant evolution that has allowed us to achieve the growth that has earned our spot on the Inc. 500|5000 four years in a row."
A complete list of all Inc. 500|5000 honorees is available on Inc. magazine's website, at www.inc.com/inc5000/. To view Lamination Depot's complete profile, visit www.inc.com/profile/lamination-depot.