October 22, 2020
Utah-based contract manufacturer expects to double sales in 2021.
Dynamic Blending Specialists, a Utah-based contract manufacturer, expects to double sales in 2021. The company was recognized this week among Emerging Elite firms by the Mountain West Capital Network (MWCN). Also, this week, UV50 placed Dynamic Blending atop its list as the fastest-growing company in Utah Valley. This follows the recent ranking of the company as the 17th Fastest Growing Company in the US and the No. 1 Utah company among the Inc. 5000. Dynamic Blending attributes its rapid growth to hyper focus on emerging brands with smaller initial quantity requirements.
“We are on track to double in size in the next year in contrast to the negative economic ripple effects of the pandemic,” said CEO Gavin Collier. “This means more quality jobs for the state and a positive impact for our community. These new awards validate the hard work of our talented team.”
The company credits growth, in part, to low minimums. With order sizes as low as 1,000 units, the company’s contract manufacturing business has served the needs of more than 400 clients worldwide in the past two years. Company executives insist it can take a product from idea to formula to manufacturing to packaging to marketing and shipping in roughly half the time taken by the industry’s larger manufacturers—while maintaining rigorous quality control and supply chain standards.
The company adds these awards to a growing list including Utah Business Fast 50 list is based on five years of revenue growth and five years of compounded annual growth; the City Award from Independent Cosmetic and Distributors (ICMAD); the independent Best in Biz Award; the Best Globe Award; the Stevie Award for Best Manufacturer; Best of State Award; American Business Awards, among others.
The company’s facilities are ISO and NSF certified, as well as CGMP certified by the FDA.