Hytek in the News
Canada’s 50 Best Managed Companies Announced | February 12, 2008
The winners of the 2007 Canada’s 50 Best Managed Companies award enjoyed the highest profit and revenues since the program’s inception, boasting combined sales of $8.5 billion and average sales growth of 31%. The Best Managed program celebrates its 15th anniversary this year, and winning companies continue to raise the bar for Canadian business success, by showcasing their adaptability and sustainability.
“This year’s winners leveraged their entrepreneurial passion to drive their revenue, profits and value in the face of triple digit oil prices, a strong Canadian dollar, and mixed economic signals south of the border,” commented John Hughes, Deloitte partner and national leader of the Best Managed program.
Best Managed companies demonstrated that, in every region of the country and across a significant number of industries, Canadian entrepreneurs have been successful in competing globally and overcoming the many and diverse market challenges.
“Since the creation of this program, Canadian private companies, and more precisely, the people who manage them, have consistently demonstrated their keen sense of knowing how to flourish amid adversity”, notes Hughes.
Insights into the 2007 Best Managed Winners
A close look at this year’s crop of Best Managed companies reveals that many have employed, and benefited from the following strategies and tactics:
1. Optimizing revenue and income by understanding where they make money and by streamlining customer channels and product and service strategies.
2. Evaluating alliances, mergers and acquisitions to enhance revenue and cut costs.
3. Focusing on implementing technology and equipment to improve operations.
4. Dealing with the dollar by employing some form of foreign currency hedging strategy and seeking out natural hedges by operating globally, in order to best absorb fluctuations.
5. Optimizing the tax efficiency of their network of companies, by taking advantage of corporate, personal and government incentives.
6. Restructuring operations to unlock potential value and where appropriate, selling noncore business lines.
For businesses seeking ways to mitigate the effects of recent and possible future economic turbulence, one or more of the strategies and tactics listed above could be considered.
“The 2007 Best Managed companies have clearly proven their stability in a changing economy” said Calvin A. Younger, senior vice president, CIBC Commercial Banking, a national sponsor of the program. “They think beyond their own walls and have achieved outstanding results. We are thrilled with their achievements this year.”
2007 Best Managed Winners
Company
City
Province
Industry
Hytek Ltd.
La Broquerie
MB
Manufacturing
Cactus Restaurants Ltd.
Vancouver
BC
Consumer Business
Cummins Western Canada
Surrey
BC
Manufacturing
Great Little Box Company Ltd.
Richmond
BC
Manufacturing
Quality Foods
Qualicum Beach
BC
Food Service
Big Country Energy Services LP
Calgary
AB
Energy and Resources
David Aplin Recruiting
Edmonton
AB
Business Services
Running Room Ltd.
Edmonton
AB
Consumer Business
STRIKE
Calgary
AB
Energy and Resources
Trico Homes Inc.
Calgary
AB
Real Estate
Waiward Steel Fabricators Ltd.
Edmonton
AB
Manufacturing
Great Western Brewing Company Ltd.
Saskatoon
SK
Manufacturing
West Wind Aviation Limited Partnership
Saskatoon
SK
Aviation and Transport Services
B. A. Robinson Co. Ltd.
Winnipeg
MB
Consumer Business
Paterson Global Foods
Winnipeg
MB
Manufacturing
TransX Group of Companies
Winnipeg
MB
Aviation and Transport Services
Anatolia Tile
Thornhill
ON
Consumer Business
CBI Health
Toronto
ON
Life Sciences and Health Care
CMiC
Toronto
ON
Technology, media and telecommunications
Fengate Capital Management Ltd.
Toronto
ON
Real Estate
Gentec International
Markham
ON
Consumer Business
Geo. A. Kelson Company
Newmarket
ON
Business Services
Globalive Communications Corp.
Toronto
ON
Technology, media and telecommunications
Hatch
Mississauga
ON
Business Services
Holt Renfrew
Toronto
ON
Consumer Business
The Hurley Group
Toronto
ON
Business Services
Ideal Supply
Listowel
ON
Aviation and Transport Services
Johnvince Foods
Toronto
ON
Consumer Business
Losani Homes (1998) Ltd.
Stoney Creek
ON
Real Estate
M. Sullivan & Son Ltd
Arnprior
ON
Consumer Business
MLE Equipment
Brockville
ON
Manufacturing
MaxSys Consulting & Staffing
Ottawa
ON
Business Services
McCormick Rankin Corporation (MRC)
Mississauga
ON
Business Services
Murdoch Group Inc.
Kirkland Lake
ON
Aviation and Transport Services
Ronald A. Chisholm Limited
Toronto
ON
Business Services
RYCOM Inc.
Mississauga
ON
Technology, media and telecommunications
BellePack Packaging Inc.
Markham
ON
Manufacturing
The Central Group
Mississauga
ON
Manufacturing
Weston Forest Group
Mississauga
ON
Consumer Business
Agence Québec Plus Ltée.
Sherbrooke
QC
Business Services
Artopex Inc.
Granby
QC
Manufacturing
BCF s.e.n.c.r.l. / LLP
Montréal
QC
Business Services
LASIK MD
Montréal
QC
Consumer Business
Phipps Dickson Integria
Lasalle
QC
Manufacturing
Richelieu Legwear
Montréal
QC
Consumer Business
Teknika HBA
Montréal
QC
Business Services
ADI Group Inc.
Fredericton
NB
Business Services
McCain Foods (Canada)
Florenceville
NB
Consumer Business
Charm Diamond Centres
Dartmouth
NS
Consumer Business
Wilson Fuel Co. Limited
Halifax
NS
Energy and Resources
2007 Best Managed winners, Platinum Club members, and Requalified members will be honoured at the Best Managed 15th annual, invitation only Symposium and Gala on February 25, 2008 in Toronto.
About Canada’s Best Managed Companies
Celebrating its 15th anniversary, Canada’s 50 Best Managed Companies continues to be the mark of excellence for Canadian owned and managed companies with revenues over $10 million. Every year, since the launch of the program in 1993, hundreds of entrepreneurial companies have competed for this designation in a rigorous and independent process that evaluates their management skills and practices. The awards are granted on three levels: 1) Best Managed winner (one of the 50 new winners selected each year); 2) Requalified member (repeat winners retain the Best Managed designation for two additional years, subject to annual operational and financial review); 3) Platinum Club member (winners that maintain Best Managed status for a minimum of six consecutive years). Program sponsors are Deloitte, CIBC Commercial Banking, National Post, and Queen’s School of Business. For further information, visit www.canadas50best.com.
Contact:
Fabrice de Dongo 4168743249, fdedongo@deloitte.ca
