FCL tops SaskBusiness Top 100 list for fifth year, joined by 19 retail co-ops

September 29, 2017

Federated Co-operatives Limited (FCL) has once again ranked first in SaskBusiness Magazine’s list of the Top 100 largest companies in Saskatchewan.

This is the fifth consecutive year that FCL has led the list.

“The success of FCL and our member-owners — local retail co-operatives across Western Canada — is the product of our diversity, our longstanding relationships with Co-op members and our unwavering commitment to the communities we serve,” said FCL CEO Scott Banda.

“In a turbulent marketplace and energy sector, we have continued to deliver important goods and services to communities big and small while making new investments, including two multimillion dollar fertilizer distribution terminals, that will deliver long-term results for Co-op and Western Canadians.”

In 2016, FCL recorded revenue of $8.4 billion with net earnings of $515 million. Of that, $364 million was returned to more than 190 local retail co-ops across Western Canada that are member-owners of FCL. This money is reinvested into their operations to address the needs of Co-op members and many more customers across Western Canada.

Co-ops make a difference

FCL is joined on this year’s Top 100 list by 19 retail co-operatives in Saskatchewan. Together, the retail co-ops included in the SaskBusiness list recorded combined sales of $2.3 billion in 2016. A full list of these retail co-ops is shared below.

Across Saskatchewan, retail co-ops serve more than 250 communities and 428,000 Co-op members. Over the last five years, these retail co-ops have returned $376 million to Co-op members in Saskatchewan.

Invested in Western Canada

FCL, on behalf of all retail co-ops, has also made major investments in Saskatchewan and Western Canada over the last year.

• As part of a $75 million dollar initiative to supply Co-op locations and Western Canadian producers with important crop nutrition products, FCL began constructing state-of-the-art, high-throughput fertilizer terminals in Hanley, Sask., and Brandon, Man. in 2016. Construction was completed on schedule and both terminals began receiving and shipping product in April.
   
• In 2017, the Co-op Community Spaces program provided $2 million to community-based recreation, conservation and urban agriculture projects throughout British Columbia, Alberta, Saskatchewan and Manitoba. Since launching in 2015, the program has provided $4.5 million to more than 60 projects, including parks, community gardens and sports fields.
   
• A $1 million commitment to the Wanuskewin Heritage Park is supporting the non-profit’s Thundering Ahead campaign, which is raising funds to expand and renovate its park and heritage site outside Saskatoon.

Co-ops in the Top 100