Awards July 26, 2023
Top 40 Suppliers 2023: No. 12 Gemline
Counselor’s exclusive ranking of the suppliers with the most revenue in the promotional products industry.
Gemline
(asi/56070)
Company Snapshot
Revenue figures are in $millions
Previous Rank: 10
2022 Revenue: $151.0
2021 Revenue: $128.0
Year-Over-Year Difference: 18.0%
2020 Revenue: $112.0
2019 Revenue: $105.0
Top Company Officer: Frank Carpenito, President/CEO
Year Founded: 1958
Headquarters: Lawrence, MA
Financials Certified By: Frank Carpenito, President/CEO
Product innovation and continued partnerships with retail brands – including Govino, Out of the Woods, Stonewall Kitchen, Milk Bar, Folly Coffee, BuyBoxes.com and Be Home – were at the heart of an 18% revenue increase, according to the Lawrence, MA-based supplier.
Earlier this year, Frank Carpenito was promoted to president/CEO (longtime Power 50 member Jonathan Isaacson is now the executive chair) and the company welcomed Kim Spang as CFO. Gemline also announced that it donated more than $740,000 in cash and in-kind donations to charitable causes in 2022, and continues to position itself as an industry thought leader through webinars with bold-faced names – the latest occurring in March when former U.S. Defense Secretary and CIA director Leon Panetta joined to discuss geopolitical issues.