Layfield named one of Canada’s Best Managed Companies

March 11, 2019

SilverSmithBuilding_Smaller-(1).jpgToronto, ON – March 7, 2019

Layfield was recognized for overall business performance and sustained growth with the prestigious Canada’s Best Managed Companies designation. The 2019 Best Managed program award winners are amongst the best-in-class of Canadian owned and managed companies with revenues over $15 million demonstrating strategy, capability and commitment to achieve sustainable growth.

Now in its 26th year, Canada’s Best Managed Companies is one of the country’s leading business awards programs recognizing Canadian-owned and managed companies for innovative, world-class business practices. Every year, hundreds of entrepreneurial companies compete for this designation in a rigorous and independent process that evaluates the calibre of their management abilities and practices.

Layfield stood out from other candidates for their commitment and success in the execution of their strategy, leadership & management performance, establishing a team culture and emphasis on employee talent. Layfield was selected  for making significant advancements in technology, innovation, R&D and upgrading core processes and manufacturing capabilites. Canada’s Best Managed Companies offers this award to Layfield Group as an acknowledgment of their business and management success. Founded in 1978, Layfield manufactures and supplies innovative plastics solutions to a wide range of industries across the world.

“This year’s Best Managed winners are a testament to the success found when businesses invest in talent, innovate intentionally, and think long-term,” said Lorrie King, Partner, Deloitte Private and Co-Leader, Canada's Best Managed Companies program. “These companies should be proud of this achievement, and their responsibility in acting as role models for other Canadian businesses.”

2019 winners of the Canada’s Best Managed Companies award will be honoured at the annual Canada’s Best Managed Companies gala in Toronto on April 17, 2019. On the same date, the Best Managed symposium will address leading-edge business issues that are key to the success of today’s business leaders.

The Best Managed program is sponsored by Deloitte Private, CIBC, Canadian Business, Smith School of Business, and TMX Group.

About Canada's Best Managed Company

Canada's Best Managed Companies continues to be the mark of excellence for Canadian-owned and managed companies with revenues over $15 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) Canada’s Best Managed Companies new winner (one of the new winners selected each year); 2) Canada’s Best Managed Companies winner (award recipients that have re-applied and successfully retained their 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 retained their award for 4-6 consecutive years); 4) Platinum Club member (winners that have maintained their Best Managed status for seven years or more). Program sponsors are Deloitte Private, CIBC, Canadian Business, Smith School of Business, and TMX Group. For more information, visit www.bestmanagedcompanies.ca.

About the Layfield Group

When Layfield first came into the business in 1950, it only dealt with fabricated plastic. In 1978, however, the current owners took over the company and decided to pursue a more aggressive course in terms of expansion. The goal was to grow through technology and innovation, market diversification and development of its employees. In order to keep up with proper management, Layfield has continued to adapt to the changing results. Layfield has always focused on long-term growth. Now, Layfield strategically invests in three separate business units: Construction Products, Environmental Products, and Flexible Packaging. Each of them has its own specialised market segments that have grown over time. The company is deeply rooted in the family values concerning high ethical standards and commitment. Under the lead of Tom Rose, the CEO of Layfield, its reputation has continued to grow.

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