SUMMERSIDE – Eight P.E.I.-based companies made the 2013 Top 101 Companies in Atlantic Canada compiled by Progress magazine.
© Nancy MacPhee/Journal Pioneer
Amalgamated Dairies Ltd. celebrated its grand reopening at its Read’s Corner retail and storage facility Saturday morning with an open house, tours, barbecue, cake and ice cream for the public. The event took place nine months to the day that saw a third of the Read’s Corner facility destroyed in an early-morning fire. Since, the 14,000-square-foot section that was destroyed and an additional 10,000-square-feet were added to the structure. In the aftermath of the fire, ADL made all of its deliveries and quickly put into action a recovery plan that saw the business almost seamlessly continue supply its customers throughout the province. Here, Ray Arsenault (left), president of the board of directors, and Jim Bradley, CEO, cut the ribbon to officially open the facility.
Most impressive of the P.E.I. firms is Charlottetown-based BioVectra Inc. (No. 47), which climbed 13 spots from last year reporting revenues of $40 million.
Meanwhile, Summerside-based companies Vector AerospaceAtlantic placed at No. 19 with $227 million in revenue and Amalgamated Diaries Ltd placed at No. 26 with $132.9 million in revenue.
And, new to the 2013 TOP 101 is Charlottetown-based Coach Atlantic Group (No. 76) with revenues of $13 million.
Progress magazine ranks the companies by revenue for the 2012 fiscal year.
In total the 2013 Top 101 earned more than $35 billion in total revenues, provided employment for close to 100,000 people in the region, and own assets of more than $50 billion.
“Twenty years later, what’s new and improved about the business landscape in Atlantic Canada?” asks Neville Gilfoy, the founder and publisher of Progress.
“A capital driven business community is emerging. Start-ups abound. International marketing is a growing discipline for executive teams. Mentors and advisory boards are carefully sought. And regional collaboration and partnerships are beginning to push aside parochial thinking.”
Topping this year’s list, and for the 12th straight year, is Stellarton-based Empire Company Ltd. (No. 1). Last year the company reported sales of more than $16 billion. That figure is expected to increase significantly by the end of this fiscal year due to its recent purchase of Canada Safeway, a deal that bumps the company’s national market share from 13 to 18 per cent.
Also topping the list: Fortis Inc. (No. 2), Bell Aliant (No. 3), Emera Inc. (No. 4), Jazz Aviation (No. 5), High Liner Foods (No. 6), Major Drilling (No. 7), Wilsons (No. 8), Co-op Atlantic (No. 9), and Nova Scotia Liquor Corporation (No. 10).