Tampa-Based Cadmus Dental Lab Plans Major Expansion
Who: Cadmus Dental Lab, founded by Kelly Boyd-Rivera.
What: The company is set to expand its operations, increase its workforce, and enter new global markets.
Where: New facility located at 5701 East Hillsborough Avenue in the NetPark business park, Tampa.
When: The expansion is planned over the next three years, with significant steps already underway.
Why: Demand for dental prosthetics has fueled rapid growth, necessitating an increase in production capabilities and workforce.
Expansion Details
Cadmus Dental Lab, a leading provider of dental prosthetics, has signed a lease for a new facility comprising 21,400 square feet in Tampa, where the company aims to take its operations to the next level. Founded by Kelly Boyd-Rivera, one of only three women globally who own a dental lab, the company specializes in creating implants, crowns, bridges, dentures, and orthodontic appliances.
The company currently employs 57 people and plans to increase its workforce to 100 employees within the next year, signifying a substantial growth spurt; astonishingly, the company reported a 600% growth over the previous year. Revenue forecasts are also promising, with expectations of reaching $60 million by December 2024.
Community Impact
New Initiatives on the Horizon
This expansion is not only about increasing space and staff but also about enhancing education within the dental community. This month, Cadmus Dental Lab launched the Cadmus Academy, a nonprofit aimed at providing free educational resources to partner dentists. Boyd-Rivera highlighted the need for better training for dental students, stating that many graduate without the necessary skills.
The academy will host quarterly summits for 100 to 300 doctors at the facility, reinforcing the commitment to ongoing professional development in the field. Additionally, the company announced plans to establish Cadmus Global, which will manage a new supply chain division focused on delivering dental consumables to existing clients.
Global Ambitions
In achieving its global strategy, Cadmus is exploring international manufacturing opportunities. Boyd-Rivera mentioned the rising impact of tariffs due to political changes in the U.S., stating, “With potential tariff impacts, we need to secure manufacturing outside the U.S.” They are currently conducting clinical trials in Vietnam and evaluating potential locations in Scotland, Croatia, Cairo, and India for their global supply headquarters.
Team Dynamics
The growth of Cadmus Dental Lab can be attributed to its robust team, which includes chief revenue officer Kent, fiancé Don, and her son and COO, Jonathan. The leadership team has been praised for their collaborative spirit and innovative approach to challenges. Jonathan played a crucial role in advocating for the expansion to a larger facility and is central to launching new initiatives.
A Legacy of Empowerment
Boyd-Rivera’s personal journey is as compelling as her business accomplishments. As a survivor of a traumatic incident that left significant scars, she aspires to empower other women facing hardship. Her story is one of resilience, and she aims to inspire others by sharing her experiences.
Looking forward, Boyd-Rivera has ambitious plans to fortify her legacy, not only for her children but also for the countless employees who contribute to the company’s success. With broader goals culminating in a global impact, she is set to lead Cadmus Dental Lab toward a promising future.
