Red Banyan Group client IQ Formulations was named to the Inc. 500 list today,recognizing the company among the nation’s fastest growing private companies. IQ Formulations not only made the list, but ranked in the top 50, growing an astonishing 5,486 percent over the past three years.
Red Banyan Group congratulates IQ Formulations on this significant recognition! Today’s announcement can be found at http://www.prweb.com/releases/Inc-500/IQ-Formulations/prweb12107124.htm and is also included below:
South Florida’s IQ Formulations Ranked 50th Among Inc. Magazine’s Top 500 Fastest Growing Private Companies in the United States
Summary: IQ Formulations of Sunrise, Florida today was honored as one of the 50 fastest growing private companies in the county by Inc. Magazine, which announced its renowned Inc. 500 list this morning. After experiencing astronomical growth and creating dozens of South Florida jobs over the past several years, IQ Formulations is excited to celebrate this well-deserved recognition and looks forward to continuing to expand its line of top-quality products.
IQ Formulations, a South Florida-based health and nutritional supplement manufacturer, was named to the Inc. 500 list today, distinguishing it as one of the fastest growing private companies in the United States. IQ Formulations not only made the list, but ranked in the top 50 by growing more than 5,486 percent over the past three years. It also ranked ninth among all health companies, fifth among companies in the state of Florida and the second fastest growing company in the Miami metro area.
Headquartered in Sunrise, Florida, IQ Formulations grew from 2010 revenues of approximately $180,000 to roughly $8 million in 2013, earning the company a spot on Inc.’s celebrated annual rankings.
IQ Formulations CEO Jay Cohen was born and raised in South Florida, attended the University of Miami and the University of Florida, and is deeply dedicated to the area. Not only has his company created dozens of new Florida jobs in recent years, but IQ Formulations has demonstrated a commitment to giving back to the area through charitable initiatives benefitting Miami Children’s Hospital and other deserving local organizations.
In the fourth quarter of 2014, IQ Formulations will be relocating its current operations into a state-of-the-art 40,000 sq. ft. manufacturing and packaging facility in Tamarac, generating even more jobs and revenue for South Florida.
“After years of tireless efforts to our devoted customers, I am incredibly honored that IQ Formulations is being recognized by Inc. Magazine as one of the nation’s fastest growing privately held companies,” said IQ Formulations CEO Jay Cohen. “I owe a debt of gratitude to my wife and children for their support and patience over the past several years, since they allowed me to pour my heart and soul into growing this company. I’d also like to thank all of the IQ Formulations team, our stellar business partners and devoted customers for helping make possible our growth. I look forward to many more years of continued success and expansion in South Florida as we help men and women achieve their fitness goals and constantly strive to raise the bar in our industry.”
IQ Formulations CEO Jay Cohen will be formally honored by Inc. Magazine at an award ceremony in October in Phoenix, Arizona.
To learn more about IQ Formulations and its placement in the Inc. 500, please visit: http://www.inc.com/profile/iq-formulations.
About IQ Formulations
IQ Formulations is one of the most highly regarded and quickly growing health and nutritional supplement companies in the U.S. Founded by industry veteran Jay Cohen and headquartered in Sunrise, Florida, IQ Formulations has become an industry leader known for its uncompromising commitment to professional facilities, top-quality products with amazing results, and superior customer service.