Red Sun Farms has been named one of Canada’s Best Managed Companies for the 12th year in a row while retaining Platinum Club status, according to a news release.
The award recognizes the Kingsville, Ontario-based vertically integrated greenhouse grower for its industry-leading performance, its global business practices and its sustained growth, the release said.
Canada’s Best Managed Companies program awards excellence in private Canadian-owned companies with revenues of $50 million or greater. To attain the designation, companies are evaluated on their leadership in the areas of strategy, culture and commitment, capabilities, and innovation, governance and financial performance, the release said.
“This recognition is a reflection of our commitment to spending time and energy to build and maintain good long-term business partnerships and the cultivation of a successful team,” said Carlos Visconti, Red Sun Farms CEO of U.S. and Canada operations. “In combination with our strong core values of Accountability, Collaboration, Trust and Innovation, we are building an environment that makes Red Sun Farms the ideal partnership for long lasting relationships. Our Red Sun Farms family embraces these values in all aspects of our operations. This recognition reaffirms our position as leaders in the produce industry.”
Every year, hundreds of entrepreneurial companies compete for the designation, the release said. Applicants are evaluated by an independent panel of judges with representation from program sponsors and special guests.
The 2024 cohort of Best Managed companies share common themes such as having a people centric culture, targeting effective environmental, social and governance strategies, and accelerating operational digitization, the release said.
“Over the past year, companies such as Red Sun Farms have continually adapted and successfully responded to challenges, seized new opportunities, and leveraged industry leading competencies to maximize their investments and drive sustainable growth,” said Derrick Dempster, partner for Deloitte Private and co-Leader, Canada’s Best Managed Companies program. “By demonstrating an increased focus on environmental, social, and governance themes, these winners have set the standard of excellence for Canada’s business ecosystem.”
