DPMS-Panther Arms Honored By Minneapolis/St. Paul Business Journal
DPMS One of the 50 Fastest-Growing Private Companies in Minneapolis/St. Paul
Minneapolis, MN - The Minneapolis/St. Paul Business Journal honored DPMS-Panther Arms on October 26, 2007 when it named the St. Cloud, MN rifle manufacturing company to its annual list of the 50 fastest growing, privately held companies in the Minneapolis/St. Paul Metro Area. Known as the Fast 50, the list is comprised of companies from a broad range of business avenues including manufacturing, banking, advertising & marketing, consulting and IT services to name a few. A revenue growth rate of 112.43% over the last three years propelled DPMS onto the Fast 50 list for the first, and hopefully not last, time. Randy Luth, DPMS President and CEO, accepted the honor on behalf of the company and its employees along with Vice President Todd Mittelstaedt, Vice President Pam Luth and National Sales Manager Dustin Emholtz.
Originally nominated by UPS-Minnesota District, DPMS had to meet the following strict criteria in order to be considered: independently owned, headquartered in the Minneapolis/St. Paul Metro Area, have year-over-year revenue growth for each of the last three completed fiscal years and have revenue of at least $1 million in the first of the three most recent fiscal years. This award recognizes DPMS’ continued growth in the shooting industry through its commitment to providing quality products and exceptional service to customers everywhere.