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Standard Process Inc. Makes Wisconsin 75 List for Sixth Consecutive Year
Palmyra-based whole food supplement manufacturer recognized as a top private company
PALMYRA, Wis. (Oct. 17, 2013)—Standard Process Inc. is included on the 2013 listing of Wisconsin’s 75 top privately held companies. Listed at No. 60 this year, Standard Process’ appearance marks the sixth time the whole food supplement manufacturer has been included on the annual list, published by accounting and business consulting firm Deloitte. Last year the company also received an Environment Distinguished Performers Award, one of four special awards handed out each year.
The Wisconsin 75 program acknowledges the leadership and fortitude of family owned, employee-owned and privately held companies. Founded by dentist Royal Lee in 1929, Standard Process is in its third generation of family ownership and continues to experience financial growth, reporting revenue of $131 million in 2012.
“I am pleased that Standard Process has been named again to the list of Wisconsin’s largest closely held companies,” said Steve Ryan, vice president of finance for Standard Process. “Since joining Wisconsin’s economic landscape 84 years ago, Standard Process has continued to grow both in revenue and employees, despite challenges presented by the economy in recent years.”
Standard Process and its 315 employees remain committed to the company’s mission: To improve the quality of life by providing safe, effective, high-quality dietary supplements through health care professionals.
To fulfill its mission, Standard Process grows crops for use in its whole food supplements on 450 acres of company-owned, certified organic farmland in Palmyra, Wis., and meets demanding quality standards set by federal and state agencies, as well as its own production and quality control standards.
Standard Process received its award during a breakfast ceremony held on Oct. 8 at Pier Wisconsin in Milwaukee. Through a voluntary submission process, companies are ranked according to revenue. To qualify, companies must be headquartered in Wisconsin; have a minimum of $50 million in annual sales revenue; and be majority owned by an individual(s), family or employee stock ownership plan (ESOP).