Red Sun Farms Named One of Canada's Best Managed Companies for the 8th Consecutive Year
ONTARIO, CANADA - ’Tis the season for recognizing outstanding management! Companies have been working toward maintaining their status as one of the industry’s best managed businesses, and Red Sun Farms has successfully nabbed its title once again. The company announced today that it has been named one of Canada’s Best Managed Companies for the eighth year in a row, maintaining its prestigious Platinum Club status.
“This recognition is a reflection of our commitment to spending time and energy to build and maintain good long-term business partnerships and the cultivation of a successful team,” says Carlos Visconti, CEO of U.S. and Canada operations. “In combination with our strong core values of Accountability, Collaboration, Trust, and Innovation, we are building an environment that makes Red Sun Farms the ideal partnership for long lasting relationships. Our Red Sun Farms family exudes these values in all aspects of our operations. This recognition reaffirms our position as leaders in the produce industry.”
Canada's Best Managed Companies designation continues to be the preeminent mark of business excellence and a source of genuine pride for Canadian businesses.
Over an incredible 27-year history, the program has fostered and celebrated Canadian business success. According to a press release, the network has continually become more powerful, innovative, and broad. Canada’s private companies have been and will continue to be the engine of Canada’s economic growth, creating jobs through innovation and entrepreneurial energy. These companies compete with the best in the world to be adaptable and sustainable in an evolving global market.
“For Canada to become the undisputed best place to live and work over the next 25 years, our businesses must do more. Learning how Best Managed companies drive adaptability, productivity, and profitability will help companies to succeed in a time of rapid change,” says Lorrie King, Partner, Deloitte Private and Co-Leader, Canada’s Best Managed Companies program.
To even qualify to compete, companies must meet the following criteria: revenue greater than $25 million CAD in the most recent year of operations; managing finances effectively, adapting to changing market conditions over the past three years; Canadian-owned private company, or Canadian-owned portfolio company controlled by Canadian venture capital and Canadian private equity firms, or Canadian-owned closely held public company with fewer than 50 percent of their shares or units traded.
2020 Winners of the Canada’s Best Managed Companies award will be honored at the annual Canada’s Best Managed Companies gala in Toronto on April 1, 2020.
Congratulations to Red Sun Farms on this incredible honor!