Emeryville, CA, Aug. 23, 2011 (GLOBE NEWSWIRE) -- Inc. Magazine today ranked Nest Collective, home to leading organic baby and kids food brands, Plum Organics™ and Revolution Foods™, No. 77 on its 30th annual Inc. 500, an exclusive ranking of the nation's fastest-growing private companies. In its first qualifying year, Nest Collective earned a coveted spot in the top 100, after experiencing a three-year growth in sales of 3,054%.
Nest Collective is the highest grossing organic baby and kids food company to have made the list, having launched over 64 products in under three years with an 88% success rate. Their portfolio of products includes a complete line of organic nutrition for babies, toddlers and kids with a focus on inspiring healthy eating habits for life.
"It’s an honor to be recognized on the Inc. 500, as it is a tremendous accomplishment for our young company," said Nest Collective CEO and Co-founder, Neil Grimmer. "More importantly, it validates this powerful idea that providing healthy food for our children can be big business. As we’ve grown, it has been rewarding to see our social mission of ‘organic right from the start’ impact the health of the next generation with products that fit today’s active lifestyle."
Through its brand, Plum Organics, Nest Collective was the first U.S. baby food manufacturer of the spouted pouch, which has become the popular and preferred format to the conventional jarred baby food. In less than three years, Nest Collective has become the largest manufacturer of BPA-free spouted pouch products in North America.
"We attribute much of our company’s success to category-changing innovation," added Grimmer. "The launch of the pouch specifically has revolutionized a dormant baby food category while fueling the growth of our company. Consumers have adopted our products because of their convenience and superior taste, and retailers have been seeing higher profits and greater savings."
A year filled with entrepreneurial recognition, Nest Collective received this honor on the heels of earning a publicly voted Top 5 spot in Bloomberg Businessweek’s roundup of "America’s Most Promising Social Entrepreneurs" and becoming a finalist in Ernst & Young’s "Entrepreneur of the Year."
Positioned for continued growth, Nest Collective will be expanding its product offering and availability beyond its current distribution in 6300 stores nationwide. With over thirty employees, Nest Collective maintains offices in both the Bay Area and New York City.
About Nest Collective:
Founded in 2007, Nest Collective is a family of mission driven brands committed to nourishing the next generation with great tasting, nutritious food. Through its leading brands, Plum Organics™ and Revolution Foods™, Nest Collective has created an award-winning line of organic meals and snacks for babies and children for optimal nourishment from the highchair through the lunchbox. A 2011 winner in Businessweek’s "America’s Most Promising Social Entrepreneurs," Nest Collective donates 3% of its net sales from its lunchbox collection to the Revolution Foods School Lunch Program, affording more fresh meals to kids in underserved schools. Nest Collective is a Certified B Corporation and trusted partner of leading non-profit, Healthy Child Healthy World. To learn more about Nest Collective visit: www.nest-collective.com
Methodology
The 2011 Inc. 500 is ranked according to percentage revenue growth when comparing 2007 to 2010. To qualify, companies must have been founded and generating revenue by March 31, 2007. Additionally, they had to be U.S.-based, privately held, for profit, and independent--not subsidiaries or divisions of other companies--as of December 31, 2010. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2007 is $100,000; the minimum for 2010 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. Companies on the Inc. 500 are featured in Inc.’s September issue. They represent the top tier of the Inc. 5000, which can be found at www.inc.com/500.
About Inc. Magazine
Founded in 1979 and acquired in 2005 by Mansueto Ventures LLC, Inc. (www.inc.com) is the only major business magazine dedicated exclusively to owners and managers of growing private companies that delivers real solutions for today’s innovative company builders. With a total paid circulation of 710,106, Inc. provides hands-on tools and market-tested strategies for managing people, finances, sales, marketing, and technology. Visit us online at www.inc.com.
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