Sheffield Pharmaceuticals Named One of the 40 Fastest Growing Tech Companies in Connecticut by 2017 Marcum Tech Top 40
FOR IMMEDIATE RELEASE
Hartford, CT, September 19, 2017– Sheffield Pharmaceuticals was named to the Marcum Tech Top 40 (TT40) list of fastest growing technology companies in Connecticut by the Connecticut Technology Council (CTC) and Marcum LLP. Sheffield was recognized for the second straight year in the Life Sciences category and was honored at an awards ceremony on September 19th at the Toyota Oakdale Theatre in Wallingford, CT. Anthony Sollima, Sheffield’s Executive Vice President of Quality and Product Development was on hand to accept the award.
“We are honored to be named to this prestigious list and to be recognized alongside Connecticut’s best for the second straight year,” said Jeffrey Davis, Sheffield Pharmaceuticals President and CEO. “Sheffield was established in 1850 on the same site that we manufacture in today. Dr. Sheffield was not only one of the first to create a toothpaste recipe, his company was the first to put toothpaste in a tube in the early 1870s. Our new Dr. Sheffield’s Certified Natural Toothpaste honors that past and meets the needs of natural-conscious consumers who want an effective toothpaste that actually tastes good. It is available in both CVS and Bed Bath and Beyond stores nationally.”
Understanding the needs of consumers and delivering on the same lines is an endeavor all companies undertake, but few succeed. By keeping their focus on the market reaction to products, backed by extensive research and comprehension of the customer experience strategy (likely drawing from guidelines by experts in the field like Qualtrics), a company can ensure that they launch tailored products that meet the specific needs of their customers. Add to this the helping hand of technology, and there’s the recipe for success. Repeating this process year after year has helped Sheffield Pharmaceuticals get to where it is today.
The Marcum Tech Top 40, celebrating its tenth anniversary, recognizes technology companies with at least $3 million in annual revenue and a four-year record of growth, in six industry sectors. Both privately held and publicly traded companies are eligible.
“Marcum Tech Top 40 companies and winners are exemplars of overcoming any number of obstacles in business, including capital-raising, complex revenue reporting, intellectual property management, international expansion and other challenges. The tenth anniversary class of Marcum Tech Top 40 companies are best-in-class by all of these measures and more,” said Michael K. Brooder, CPA, managing partner of Marcum’s Hartford, Connecticut, office.
Bruce Carlson, CTC’s President & CEO, said, “The Marcum Tech Top 40 reminds us each year that technology companies are thriving in Connecticut. We need to support these companies and the others that are in a growth mode for Connecticut to achieve the job creation and economic growth we are all striving for. The Connecticut Technology Council will continue to be an advocate for the public policies and best practices that support the state’s technology sector.”
About The Connecticut Technology Council
The Connecticut Technology Council is a statewide association of technology oriented companies and institutions, providing leadership in areas of policy advocacy, community building and assistance for growing companies. Speaking for 2,500 companies that employ some 200,000 residents, the mission of the Connecticut Technology Council is to spark innovation, cultivate tech talent, foster business growth, advocate for industry-beneficial law and policy, expand the scope of industry networking and professional development, and celebrate industry achievements in the state. The CTC seeks to serve Connecticut’s technology ecosystem by providing leadership, support, mentoring, and advocacy to companies across every industry and at every stage of growth. For more information, visit http://www.ct.org
About Marcum LLP
Marcum LLP is one of the largest independent public accounting and advisory services firms in the nation, with offices in major business markets throughout the U.S., Grand Cayman and China. Headquartered in New York City, Marcum provides a full spectrum of traditional tax, accounting and assurance services; advisory, valuation and litigation support; and an extensive range of specialty and niche industry practices. The Firm serves both privately held and publicly traded companies, as well as high net worth individuals, private equity and hedge funds, with a focus on middle-market companies and closely held family businesses. Marcum is a member of the Marcum Group, an organization providing a comprehensive array of professional services. For more information, visit www.marcumllp.com.
About Sheffield Pharmaceuticals
Sheffield Pharmaceuticals is a manufacturer of Health, Beauty and over-the-counter (OTC) drug products. Sheffield manufactures all their products in New London Ct, and is a supplier to many national brands and most mass merchandise and drug chains in the United States. Sheffield was established 1850 on the same site as their current manufacturing facility. Sheffield was the first company to put toothpaste in a tube in the early 1870s, and has recently launched Dr. Sheffield’s Certified Natural Toothpaste, which is available in CVS and Bed Bath and Beyond nationally.
For Sheffield’s contract manufacturing customers and joint ventures, Sheffield’s value-add can include more than manufacturing. Sheffield can provide a suite of services, including sales and marketing plans, formula refinement in our R&D facilities, product development from concept to execution, fulfillment and logistics, chemicals procurement, and regulatory expertise. The company is dedicated to providing the highest quality service and products to our customers in strict accordance with all FDA (cGMP) regulations and procedures. Sheffield employs 175 in New London, CT.