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UT Knoxville CMST 240 - tervis

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Slide 1What is a Tervis Tumbler?HistoryMore HistoryManufaturingRetail StoresOwnershipExecutivesRevenueRevenue (cont.)EmployeesEmployees (cont.)Benefits of Being Employed with TervisBenefits (cont.)Tervis Tumbler gives backCommunity InvolvementReferencesTervis Tumbler Co.Payal Patel, Caroline Stubbs, Patrick Kopiwoda, & Drew TiceWhat is a Tervis Tumbler?•An American made cup that harnesses the natural insulating power of air to create a sealed double walled cup•Keeps hot drinks hot and cold drinks cold•Indestructible (lifetime guarantee)•6 different sizes, customizableHistory•1946 Detroit, engineers Frank Cotter and G. Howlett Davis•Invented a cup that harnesses the natural insulating power of air to create a sealed double walled tumbler •Cotter and Davis= Tervis•First tumbler was only made in one size, now 6 different sizesMore History•1950- The Donelly family purchased the Tervis product rights–Incorporated The Tervis Tumbler Company in 1967Manufaturing•Manufacturing plant is in North Venice, FL–Last year they expanded the plant by 40,000 sq. ft.•Now can make up to 130,000 cups a day•Production floor: Over a hundred office workers handle costumer inquires, arrange distribution, work on production development, and create new designs •Plant Floor: nine assembly lines put together tumblers of various sizes, water bottles, and accessories•“Fill Room”: Workers slip any one fo the 4,500 different designs between the cup layersRetail Stores•Fort Myers, Florida Palm Beach, Florida Myrtle Beach, South Carolina Panama City Beach, Florida Key West, Florida Charleston, South Carolina Gatlinburg, Tennessee Branson, Missouri Coconut Grove, Florida Orange Beach, Alabama Brandon, Florida Savannah, Georgia Frankenmuth, Michigan Blowing Rock, North Carolina San Antonio, Texas Mall of AmericaOwnership•Tervis Tumbler Co. is a privately owned company.•Family business owned by the Donelly Family.Executives•CEO: Patrick Redmond•CFO: Jack Shute•COO: Wayne VarnadoreRevenue•1 year revenue growth rate: 44.1%•3 year revenue grown rate: 45%Revenue (cont.)2007 2008 2009 2010 2011 2012$30,300,000 $39,300,000 $48,200,000 $74,000,000 $102,000,000 $147,000,000Employees•Notice: Even through recession, number of employees not only remained stable, it increased.Employees (cont.)2008 2009 2010 2011 2012235 275 465 650 705Benefits of Being Employed with Tervis•Employee Insurance Package–Short/Long-term Disability–Life Insurance–Dental Insurance–Cafeteria Plan with a Section of 125 Medical/Dependent Care Reimbursement Option•Health and Wellness Benefits–Annual Flu Shots–Wellness Program–Discounted Gym MembershipBenefits (cont.)•Financial Benefits–Weekly pay periods–Employee referral bonus–Employee discount on products–6 annual paid holidays–Accrued vacation time–Robust 401K program with employer matching•Additional Benefits–Sam’s Club Membership–Perfect Attendance Recognition/Quarterly Luncheons–Monthly birthday cake day–Scholarship Program for dependent childrenTervis Tumbler gives backCommunity Involvement•Tervis is a member of the Sarasota County Chamber of Commerce•The Chamber recognizes Tervis Tumbler Company as a “Green Business Partner”•Tervis participates in the Pink Ribbon Breast Cancer movement and donates a portion of profit from each Pink Ribbon tumbler sold to breast cancer


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