ST. LOUIS, MO - The St. Louis Business Journal ranked Dot Foods No. 4 on its Top 150+ Privately Held Companies list for 2019. This was announced at the Business Journal's May 2 event at Busch Stadium. John Tracy, executive chairman of Dot Foods, was the keynote speaker at the celebration.
St. Louis Business Journal profiles the top privately held companies in the St. Louis area annually. Businesses are ranked by the previous year's revenue, and information is also gathered by the publication's editors on how much the companies on the list have grown, who runs them, and what their hiring plans are for the upcoming year.
In addition to Dot's headquarters in Mt. Sterling, Illinois, two hours northwest of St. Louis, Dot has two offices in St. Louis-Chesterfield and the Cortex Innovations Community in the Central West End-and 10 other distribution centers throughout the U.S., as well as operations in Canada and Mexico.
Dot Foods saw tremendous growth in 2018 by adding almost $500 million in sales, 170 manufacturer partners, 235 new customers, and 400 employees.
Dick Tracy, president at Dot Foods, said the revenue increase was due mostly to organic growth in the core part of the business. Other contributors included rapid expansion of natural, organic, and specialty products, as well as the company's international growth.
"We are extremely pleased to make the St. Louis Business Journal's Top 150+ list once again as we continue to grow in terms of revenue and market growth," said Tracy. "As a 59-year-old, family-owned and -operated company, this honor represents the dedication to our company's core values, integrity, and commitment to our employees and customers."
Tracy noted that Dot Foods is a growth company and plans to continue its expansion in St. Louis and across the country. Recently, Dot added to its St. Louis-based IT and technology teams at its Cortex office from five employees to 20.
"The way we think about it is that we used to be a distribution company that needed to be good at technology, but now we have to be a technology company that is good at distribution," Tracy said.
He expects to add the same number of new employees in 2019, with about 20 new IT, sales, and marketing jobs in St. Louis.
"We are very upbeat about our business model and also about our core business and new initiatives too," said Tracy. "We feel like our growth will continue on a similar or better trajectory than has been the case the past three years."
To learn more about Dot Foods and the other companies that made the list, read the Business Journal's May 3 article now.