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Layfield wins Canada's Best Managed Company

Layfield wins Canada's Best Managed Company Award

March 9, 2017

Richmond, BC – March 9, 2017 – Layfield Group Ltd. was honoured with the prestigious Canada’s Best Managed Companies designation. The 2017 Best Managed program recognizes the best-in-class of Canadian-owned and managed companies with revenues over $15 million demonstrating strategy, capability, and commitment to achieve sustainable growth.

Established in 1993, 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.

Layfield stood out from other candidates for their commitment and success in the execution of their strategy, financial planning, sustained performance and emphasis on employee engagement. 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.

“As a family business, Layfield views success not by quarterly results, but rather by the long-term overall health and growth of the organization. Even in difficult economic times, we continue to invest in quality people, leading technologies, and capabilities that support our long-term vision. This award is a confirmation that we know how to manage our business and that we can meet our customers’ needs. We’re excited that you placed your trust in us, and we will continue to strive to be the best and do the right thing”, said Tom Rose, President and CEO.

Layfield’s strategy is to be at the forefront of providing unique, innovative, sustainable products that protect our communities, families and the environment. Just a few examples of Layfield’s innovative products include: Aqua Dams, used for flood protection; Evaporation Control Covers, used to protect and preserve water; and BioflexTM packaging materials, designed to be discarded into a modern landfill and recycled into energy for communities, fuel for vehicles and heat for homes. The Best Managed program is sponsored by Deloitte, CIBC, Canadian Business, Smith School of Business and MacKay CEO Forums.

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.

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, CIBC, Canadian Business, Smith School of Business and MacKay CEO Forums. For further information, visit bestmanagedcompanies.ca.