ArrowStream Named in Crain’s Chicago Business Fast 50 for Second Consecutive Year
Supply Chain Leader Marks 10-Year Anniversary with Move to New Office to Accommodate Growth
Chicago, IL, June 8, 2010 – ArrowStream, a leading provider of supply chain solutions for the foodservice industry, announced today that Crain’s Chicago Business ranked the company #7 in its 2010 Fast 50, an annual list of Chicago’s fastest growing companies.
Founded in 2000, the company grew greater than 25 percent in fiscal year 2009 and continues its growth arc as it marks its 10-year anniversary. ArrowStream serves blue-chip customers including Wendy’s, Church’s Chicken, and Steak n Shake. New clients, including American Blue Ribbon Holdings, and new hires created a need for greater space, and ArrowStream moved this month into new headquarter facilities at 231 S. LaSalle in Chicago.
The foundation of the company’s growth is the ArrowStream Network--the largest, most extensive system of restaurants chains, distributors and manufacturers in the foodservice industry. The Network allows customers to synchronize and integrate crucial pricing, inventory, compliance and distribution supply chain data, which ultimately reduces customer expenses and increases operational effectiveness at levels that customers could not achieve on their own.
“Ten years ago, ArrowStream offered foodservice companies a new model for managing the supply chain. As we continue to grow, we anticipate that 2010 will be an unprecedented year as we introduce new solutions that improve our clients’ supply chain efficiency, performance and bottom-line savings,” said ArrowStream CEO and Chairman Steven LaVoie.
About ArrowStream
ArrowStream is committed to helping customers and their supply chain partners improve operations and the bottom line. ArrowStream transforms the food supply chain through patented, innovative solutions that help trading partners achieve results collectively that they could not reach individually. The company’s Network is the largest, most extensive collection of restaurant chains, distributors and manufacturers in the food industry. More than $15 billion of product moves through and is tracked in the ArrowStream Network providing operational efficiencies, economies of scale and financial benefits to all trading partners in it.
Founded in 2000, ArrowStream quickly earned a reputation as a premier provider of supply chain solutions for the foodservice industry serving blue-chip customers such as Wendy’s, Church’s Chicken, and Steak n Shake. ArrowStream customers represent nearly 20% of the top 50 U.S. chains in Nation’s Restaurant News 2009 Top 200 chains by sales.
About Crain’s Fast 50 List
The Crain’s Fast 50, “Chicago’s Fastest Growing Companies” list is comprised of public and private companies headquartered in Chicago’s six-county area. The rankings are based on four-year revenue growth. www.chicagobusiness.com
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