Farrow Named One of Canada’s Best Managed Companies
Farrow Named One of Canada’s Best Managed Companies for Sixth Consecutive Year, Becoming a Gold Standard Re-qualified Company
Toronto, ON – March 10, 2015 – Farrow was named one of Canada’s Best Managed Companies in 2014 for excellence in business performance. Farrow was a winner of Canada’s Best Managed Companies program in 2010 and requalified through 2014 to maintain its status as a Best Managed Gold Requalified company.
“I can’t express how proud I am, not only of our superb leadership team, but also of our staff.” says Randy Motley, President of Farrow. “It’s no secret that our employees are the primary reason we are able to continually win awards while providing stellar service to our customers. I’m truly excited for the future of Farrow and I can’t wait to see how our employees, both current and newly acquired, will continue to deliver a complete range of solutions that help our customers for many years to come.”
“100 years is a long time to for a company to be in business.” says Rick Farrow, CEO & Chairman of Farrow. “Winning this award for six consecutive years is very thrilling for us, but what makes this even more impressive is the fact that we’ve been able to deliver exceptional service to customers for over a century. A lot of things can change in the passing decades and with new leadership, but I’m proud that our commitment to customers is still the same as it was when my grandfather started this business.”
Founded in 1911 by Russell A. Farrow, Farrow has enjoyed over 100 years of prosperity and success by offering a comprehensive range of integrated solutions to their customers that continually exceeds their expectations. As the largest private and family owned customs broker in Canada, Farrow always looks for ways to improve their customer’s experience, as proven through recent key acquisitions and their dedication towards investing in emerging technology. The Farrow team’s passion for all matters related to customs brokerage, importing, and exporting means that they will continue to evolve, drive top-line growth and achieve their business goals.
“Today’s market place is not just about financial performance; it is also about the investment in the people. Farrow invests in their team to build up a strong and stable company. Best Managed companies are home grown companies making smart investments to achieve above average returns.” says Mike Runia, National Co-Leader of Canada’s Best Managed Companies Program and Ontario Managing Partner, Deloitte.
Sponsored by Deloitte, CIBC, National Post, Queen’s School of Business and MacKay CEO Forums, the Best Managed award recognizes Canadian owned and managed companies with revenues over $10 million for sustained growth, financial performance, management practices and the efforts of the entire organization.
2014 winners of the Canada’s Best Managed Companies award, along with the Gold Standard winners, Requalified and Platinum Club members will be honoured at the annual Canada’s Best Managed Companies gala in Toronto on March 31, 2015. On the same date, the symposium will address
leading-edge business issues that are key to the success of today’s business leaders.
Farrow is an award winning customs broker with over 100 years of expertise in the importing and exporting industry. Farrow is the largest private and family owned customs broker in Canada with over 1000 employees and 36 offices and warehouse locations throughout North America. Established in 1911, the company has a rich history of providing a comprehensive range of integrated solutions that continually exceed the expectations of North American importers and exporters. It is owned and operated by the third generation of the Farrow family, Richard Farrow and his brother John Farrow, and the fourth generation of the family now involved. For further information visit www.farrow.com.
About Canada’s Best Managed Companies
Canada’s 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 four levels:
1) Best Managed winner (one of the 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) Gold Standard winner (After three consecutive years of maintaining their Best Managed status, these winners have demonstrated their commitment to the program and successfully reapplied for the designation. Companies may requalify for two additional years, subject to annual operational and financial review; 4) Platinum Club member (winners that maintain Best Managed status for a minimum of six consecutive years). Program sponsors are Deloitte, CIBC, National Post, Queen’s School of Business and MacKay CEO Forums. For further information, visit www.bestmanagedcompanies.ca.
For further information, please contact:
Randy Motley President
519.252.7775 ext 225 (office)
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