Wednesday, March 9, 2016

Farrow Named One of Canada’s Best Managed Companies for Seventh Consecutive Year

Farrow is proud to be a 2015 Platinum Club member 

March 9, 2016, Windsor, ON – Farrow has been named one of Canada’s Best Managed Companies for the seventh consecutive year, making it a 2015 Platinum Club winner.

“This prestigious designation shows that we continually strive to improve our customer’s business experience with our company, even after a century,” said Rick Farrow, Chairman & CEO, Farrow. “I’m extremely appreciative of our staff across all our offices for the hard work they have put in to help our company win this award. I’m confident that we will continue to excel in the future, and we will continue to look for innovative ways to please our customers.”

Farrow is an award winning customs broker with over 100 years of experience that offers a comprehensive range of international trade solutions. Founded in 1911 by Russell Alexander Farrow and currently owned and operated by the third generation of the Farrow family, Farrow has over 1,250 employees and 43 offices and warehouse locations, and continues to see success thanks to continual strategic planning and key acquisitions. Farrow also operates four divisions under the Farrow brand that include Farrow Logistics, Farrow Global Logistics, Farrow Express, and Farrow Consulting.

“I can’t tell you how proud I am of what our staff has been able to accomplish since first winning this award,” said Randy Motley, President, Farrow Canada. “We recognize our staff internally for all of their achievements, but having an external source examine our company and commend our work gives our management team immense satisfaction. We wouldn’t have been able to achieve this without our team, and I want to sincerely thank them for their contributions.”

“Best Managed Platinum winners are amongst the elite Canadian-owned and managed companies. They have a proven track record of outstanding leadership, business performance and sustained growth,” said Peter Brown, Partner, Deloitte and Co-Leader, Canada’s Best Managed Companies program. “I would like to recognize the entire efforts of Farrow. It takes a dedicated effort from an entire team to focus on a core vision, create stakeholder value and excel in the global economy to achieve this level of success.”

2015 winners of the Canada’s Best Managed Companies award, along with Requalified, Gold Standard, Gold Requalified winners and Platinum Club members will be honoured at the annual Canada’s Best Managed Companies gala in Toronto on April 12, 2016. 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.

About Farrow

Farrow is a customs broker and logistics provider with over 100 years of expertise in international trade. Owned and operated by the third generation of the Farrow family, with the fourth generation now involved on a day-to-day basis as well.  With over 1,250 employees and 43 offices and warehouse locations, Farrow is among the largest private and family owned customs broker in North America.

In addition to providing customs brokerage services, Farrow also operates four divisions under the Farrow brand. These include Farrow Logistics (North American Logistics), Farrow Global Logistics (International Freight Forwarding and Global Supply Chain), Farrow Express (Expedited Deliveries), and Farrow Consulting (Import/Export and Trade Management Consulting).

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 five 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);
4) Gold Requalified member (Gold Standard winners may requalify for two additional years, subject to annual operational and financial review);
5) Platinum Club member (winners that maintain Best Managed status for a minimum of six consecutive years).

Program sponsors are Deloitte, CIBC, National Post, Smith School of Business and MacKay CEO Forums.