Federated Co-operatives Limited remains the largest Saskatchewan company in SaskBusiness Magazine’s 2014 ranking of the province’s top 100 businesses

Saskatchewan, Canada, 2014-9-9 — /EPR Retail News/ — Federated Co-operatives Limited (FCL) retains the title of largest Saskatchewan company in SaskBusiness Magazine’s 2014 ranking of the province’s top 100 businesses, published in the September edition.

In 2013, FCL achieved record sales of $9.4 billion, an increase of 7.4 per cent from the previous year, due to growth in all its strategic business sectors: energy, food, home and building supplies, crop supplies and feed. Net earnings from operations were $879 million, with $574 million being returned to local retail co-ops as a patronage allocation.

“We had a great year and continue to grow our business across Western Canada,” said FCL CEO Scott Banda. “This success is not ours alone. It is the product of a system of co-operation, working together and sharing profits with our members, who in turn are stalwart organizations in their respective communities.”

FCL is a Saskatoon-based company, owned by 225 retail co-op members across Western Canada.  FCL has more than 3,000 employees at its operations in Alberta, Saskatchewan and Manitoba. FCL has two wholly-owned subsidiaries – the Co-op Refinery Complex in Regina, Sask., and The Grocery People in Edmonton, Alta.

SaskBusiness has included retail co-ops in this year’s rankings, with 15 making the Top 100 list. Put another way, one in every seven businesses on the Top 100 list this year was a retail Co-op. The 15 co-ops added to the list employ 4,700 people and had over $1.9 billion in sales during 2013.

Ranking Wholesale/Retail Co-operative Location
1 Federated Co-operatives Limited Saskatoon
23 Saskatoon Co-operative Association Saskatoon
35 Pioneer Co-operative Association Swift Current
41 Sherwood Co-operative Association Regina
44 Prince Albert Co-operative Association Prince Albert
49 Lloydminster & District Co-operative Association Lloydminster
67 YorktonCo-operative Association Yorkton
78 Moose Jaw Co-operative Association Moose Jaw
79 Battlefords & District Co-operative Association North Battleford
80 Weyburn Co-operative Association Weyburn
83 Southern Plains Co-operative Association Estevan
84 Prairie North Co-operative Association Melfort
86 Pineland Co-operative Association Nipawin
92 Kindersley & District Co-operative Association Kindersley
93 Delta Co-operative Association Unity
94 Meadow Lake Co-operative Association Meadow Lake

Together FCL and retail co-ops form the Co-operative Retailing System, which helps build, feed and fuel individuals and communities in Western Canada.

“Co-op has a rich history spanning over 100 years in Saskatchewan,” said Banda. “We continue to grow and invest in our communities, creating jobs and supporting causes that matter here at home.”

In June, the Financial Post Magazine published its rankings of the 500 largest corporation in Canada in June where FCL held 45th place, up three spots from last year’s ranking.

###

Federated Co-operatives Limited remains the largest Saskatchewan company in SaskBusiness Magazine’s 2014 ranking of the province’s top 100 businesses

Federated Co-operatives Limited remains the largest Saskatchewan company in SaskBusiness Magazine’s 2014 ranking of the province’s top 100 businesses